Here's a new thread...

Mon, Mar 16, 2020 - 9:22am

Just a place to hold us over until I can get something written.

I've added a bunch of new comments to the old thread from about comment #250 through the end. Please check there for current thoughts.

For now, though, here's just a new thread for updated TFMR comments. The NYSE is about to open and I want/need to watch the action and listen to the commentary.

Will have a full update and regular Monday morning post by the usual 11:00 EDT.


About the Author

tfmetalsreport [at] gmail [dot] com ()


Mar 16, 2020 - 9:56am


You all have probably heard my rice at the Asian market story from a couple weeks ago. It was a buying frenzy and a bunch of Vietnamese yelling at the manager and each other. The ration was one 50 pound bag per customer.

I will be looking to pick up agricultural related businesses in the carnage.

Mar 16, 2020 - 9:56am

now only down 9%

CNBS talking about "support holding".

Mar 16, 2020 - 9:55am

here's that tweet

I posted this to Twitter right before I hit the rack last night.

The pending moment of truth:

What will bullion dealers do...and what prices will they charge...if/when the LBMA and Comex (with all of the other markets) shut down for a period of time?
Will dealers shut, too, or will they create their own market with a physically-derived price?

— TF Metals Report (@TFMetals) March 16, 2020
Mar 16, 2020 - 9:55am

Articles blaming; Corona virus and also Putin

for the crash of a system that was unsolvent over ten years ago. The disingenuous media is really a problem, but an ignorant people is more so.

Mar 16, 2020 - 9:54am


S&P trying to stabilize at -10%.

Let's see what happens next...

Mar 16, 2020 - 9:52am


If they keep market closed until after April 15, they aren't going to get my taxes. How much penalty will they charge. Probably double like speeding in a construction zone. Got to get rid of the fascists.

Mar 16, 2020 - 9:52am

the full board

Once again, RICE is the true safe haven.

Dr. P. Metals
Mar 16, 2020 - 9:49am

Ps 1

How blessed is the man who does not walk in the counsel of the wicked,
Nor stand in the path of sinners,
Nor sit in the seat of scoffers!
But his delight is in the law of the Lord,
And in His law he meditates day and night.

Clarkii Stomias
Mar 16, 2020 - 9:48am

We knew this day was coming

And we knew the system was tipping over the whole last decade and they've been desperately holding it up. It's shocking to see, but we have all known this day was not only inevitable but necessary. It is of course scary, but let's be honest we are all here because we've been trying to prepare for the unpreparable, this very scenario.

Now we'll just have to see if the attempts we've made to acquire certain assets outside of the system will be enough to get us through this period of chaos.

Again, Hang Tough Turdville.

Mar 16, 2020 - 9:46am

NYSE reopens

S&P now down 10.3%.

Next halt is -13%

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Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

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