Marching Along

What's another couple thousand more Comex contracts between friends?

Thu, Jan 17, 2019 - 9:26am

By TF

It's another day in the barrel for us as the Comex metals are forcibly stuck in neutral. However, have you seen palladium today? Yes, it has fallen back from its earlier highs but it continues to soar as physical supply pressures increase.

So let's start there. Again, this is NOT about catalytic converters or the relative cost versus platinum. This IS about cracks in the fractional reserve and derivative pricing scheme. Just as in gold and silver, the LBMA/Comex manage the supply of actual physical palladium through leases, promissory notes, warrants and all the other forms of...

About the Author

TF

Founder

TF Metals Report

40 Comments on Marching Along

Subscribe or login to read all comments.

Key Economic Events Week of 2/11

2/12 12:45 ET GCP speaks
2/13 8:30 ET CPI and three Goon speeches
2/14 8:30 ET Retail Sales (December)
2/14 8:30 ET PPI
2/15 8:30 ET Import Price Index
2/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 2/4

2/5 8:30 ET Trade Balance
2/5 9:45 ET Service PMIs
2/5 9:00 pm ET Trump SOTU
2/6 8:30 ET Productivity and Unit Labor Costs
2/6 7:00 pm ET CGP speech
2/7 9:30 ET Goon Clarida speech
2/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/28

1/29 10:00 ET Consumer Confidence
1/30 8:30 ET Q4 GDP first guess
1/30 2:00 ET FOMC fedlines
1/30 2:30 ET CGP presser
1/31 8:30 ET Personal Inc, Cons. Spending and Core Inflation
1/31 9:45 ET Chicago PMI
2/1 8:30 ET BLSBS
2/1 9:45 ET Markit Manu PMI
2/1 10:00 ET ISM Manu Index
2/1 10:00 ET Construction Spending