Another Long Night

After falling through the Fedlines and Jerry's presser, PM prices fell further at the Shanghai open last evening with Jul24 silver briefly trading below its 50-day moving average. Prices have since recovered some of those losses but even weak economic data can't seem to reverse things back to green today.

Let's start with today's data. The Producer Price Index came in way below expectations...not just one tick but way below was was expected. At the same time, weekly jobless claims surged to the highest level in months. Do you recall how for 12 weeks this number was stuck at 212,...

About the Author

tfmetalsreport [at] gmail [dot] com ()

25 Comments on Another Long Night

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 7/15

7/15 8:30 ET Empire Fed
7/15 12:00 ET Chief Goon Powell
7/16 8:30 ET Retail Sales
7/16 8:30 ET Import Price Index
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts
7/17 9:00 ET Goon Barkin
7/17 9:15 ET Cap Ute & Ind Prod
7/17 9:35 ET Goon Waller
7/17 2:00 ET Beige Book
7/18 8:30 ET Philly Fed
7/18 10:00 ET LEIII
7/18 1:45 ET Goon Logan
7/19 10:40 ET Goon Williams
7/19 1:00 ET Goon Bostic

Recent Comments

by turd ferguson, 6 min 45 sec ago
by mikeharris, 42 min 49 sec ago
by benque, 47 min 59 sec ago
by vibe79 It'stheBankers, 1 hour 8 min ago

Forum Discussion

by argentus maximus, Jul 15, 2024 - 8:39pm
by 1980build, Jul 12, 2024 - 9:07am
by Wise-in-the-Ways-of-Science, Jul 9, 2024 - 3:57pm