Another Day In AlgoHell

No news and no headlines makes for another summer doldrum-type day of AlgoHell domination of the Comex precious metals. It wouldn't be so bad if that meant the HFT algos were on the bid and driving prices higher but, as you know, that's rarely the case.

You can see it on the charts and it's actually even more stupid than you think. Let's start with the USDJPY which is weakening again after last week's multiple yenterventions by the BoJ. Here's an hourly chart of the past ten days:...

About the Author

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

15 Comments on Another Day In AlgoHell

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 6/10

6/12 8:30 ET CPI and Core CPI
6/12 2:00 ET FOMC Fedlines
6/12 2:30 ET Jerry's presser
6/13 8:30 ET PPI and Core PPI
6/14 8:00 ET Some Random Goon
6/14 10:00 ET Prelim UMich

Recent Comments

by Welder99, 56 min 45 sec ago
by Texas Sandman, 58 min 8 sec ago
by BillW, 1 hour 9 min ago
by Texas Sandman, 1 hour 21 min ago
by streber, 1 hour 28 min ago
by indiana rod, 1 hour 37 min ago
randomness