Dog Days

So let's start a Hat Contest!

It seems clear that we are officially in the doldrums of summer...the Dog Days. And how do we know? Because pre-programmed algo correlations are now driving prices, regardless of fundamentals or human intellect.

All you have to do is look at the action this morning to see it. As interest and excitement in the precious metals has built over the past few months, actual human beings seemed to be thinking through the situation and making rational investment decisions. Oh sure, the computers were still in there banging away and we profited from this as real interest rates fell. But...

About the Author

Founder
tfmetalsreport [at] gmail [dot] com ()

248 Comments on Dog Days

Subscribe or login to read all comments.

Support TFMR

Donate Buy Silver

Access Subscriber Benefits

Listen to TFMR on the go in your favorite podcast app, and join our member-only forum discussions!

Key Economic Events Week of 3/25

3/25 8:25 ET Goon Bostic
3/25 9:05 ET Goon Ghoulsbee
3/25 10:00 ET New Home Sales
3/25 10:30 ET Goon Cook
3/26 8:30 ET Durable Goods
3/26 9:00 ET Case-Shiller home prices
3/26 10:00 ET Consumer Confidence
3/28 8:30 ET Q4 GDP final guess
3/28 9:45 ET Chicago PMI
3/28 10:00 ET Pending home sales
3/28 10:00 ET UMich final
3/29 8:30 ET PCE and Core PCE
3/29 8:30 ET Personal Inc and Spend
3/29 11:30 ET Chief Goon Powell

Forum Discussion

by Wade Case, Mar 22, 2024 - 9:00pm
by Wade Case, Mar 22, 2024 - 8:24pm
by Wade Case, Mar 21, 2024 - 2:24pm
by Wade Case, Mar 19, 2024 - 8:12pm
randomness