TF Metals Report Blogs

Slow Death By Pig

The relentless rise since the FOMC is taking its toll.

Monday, February 11, 2019 - 9:45am

I had hoped that a return of Chinese markets would help to reverse the non-stop uptrend that The Pig (POSX) has sustained ever since the FOMC two weeks ago. Nope. At least not today.

We discussed this relentless bid for The Pig last week and it's actually quite curious. In a small way...

Friday Finish

Glad to get this week behind us.

Friday, February 8, 2019 - 10:53am

We look to end the week on an interesting note as the Comex metals bounce back while the bond market continues to rally and the "stock market" continues to back off. What will next week bring and how will a return of China affect things?

For today, things are mostly quiet as there have...

The Pullback Continueth

Even when you know it's coming, it's always frustrating to watch play out.

Thursday, February 7, 2019 - 10:56am

A quick scan of the homepage reveals multiple references late last week to an impending pullback. And here we are. However, the Chinese New Year holiday ends soon and multiple technical signals are providing support in the short-term so perhaps this current decline has nearly run its course....

Distaste of The Union

CGP's speech tonight will be far more important.

Wednesday, February 6, 2019 - 9:02am

Now that Trump's meaningless SOTU address is behind us, we can begin to focus upon much more important speeches that are coming in the hours ahead.

First, this evening brings Chief Goon Powell with a speech in Virginia at 7:00 pm EST. Tomorrow morning brings his right hand man, Goon...

Checking In Again With Mr. Palladium

Could this be a magic metal?

Tuesday, February 5, 2019 - 10:51am

It has been three weeks since we focused upon palladium...and it has been an eventful three weeks for our new friend. He's been punched lower but has crawled up off the mat each time. And now, he appears ready to make another batch of new alltime highs!

If you've been following along,...

Happy New Year

Another busy week begins.

Monday, February 4, 2019 - 9:43am

Chinese New Year is this week and, as with Golden Week in October, you never know precisely how the Comex metals will respond to the Chinese markets being on holiday.

Already last evening, the USDCNH rose sharply...meaning a weakening versus the dollar. Whether this is some follow-...

Super Bowl Weekend Thread

Saturday, February 2, 2019 - 11:50am

Short on time this morning and there's no sense in discussing the CoT so just a few quick charts to start your weekend.

First of all, check the beauty of the weekly chart for CDG. We're probably due for some temporary weakness and maybe the week-long Chinese holiday will do it. We'll...

With A Straight Face

How the BLS manages to create their monthly reports without laughing is beyond me.

Friday, February 1, 2019 - 10:51am

Today's BLSBS...and the 35% reduction reported for January...leaves us laughing. And it appears that many others are starting to catch on to the BLS' monthly shenanigans.

Recall that the January number of jobs was reported to be 314,000 and this "robust" number was used as cover to...

This Is Only Step One

This is a free public post. Given the circumstances, you should take time to read it.

Thursday, January 31, 2019 - 11:54am

If you've been following along since late last year, then you know there is nothing about the current action, economic climate or Fed policy that is unexpected. Therefore, it's very important to note that this is still just the initial rally of 2019 . There will always be...

Ahead Of The Fed

Today's fedlines need to be watched closely.

Wednesday, January 30, 2019 - 9:13am

Fed Head, Chief Goon Powell, will produce his fedlines and stage a press conference this afternoon. Ahead of this, I've seen speculation that he's going to announce a surprise fed funds rate hike. I can assure that this is NOT what's going to happen.

Why/how can I say that with such...

A View From The Russian Side With JBSFC

Another must listen podcast from Batchelor and Cohen.

Wednesday, January 30, 2019 - 9:12am

Not only do John and Steve consistently offer the western media's only reasoned and objective discussion of The New Cold War, sometimes they're able to adeptly explain things from the Russian perspective, too. This was the case last evening.

As always, please carve out some time to...

Looking Ahead To An FOMC Wednesday

What does The Fed have in store for us?

Tuesday, January 29, 2019 - 10:29am

It's a low-volume day thus far so you know what that means...AlgoLand. Thus we've already seen an enforcement of the NEEEE Rule and a quick drop due to the CNY. One can only wonder what the rest of the day will bring.

Let's start with today's NEEEE Rule...which, again, is the...

A Busy Week Ahead

Keep calm and stack on.

Monday, January 28, 2019 - 10:55am

Wow, is there a lot of stuff going on this week! The economic calendar is full and there are all sorts of political and geopolitical events going on. So, buckle in and let's get it on!

First of all, be sure to note that every week I update the economic calendar and this appears in the...

Wrapping Up A Long Week

Let's attempt to put this week behind us.

Friday, January 25, 2019 - 8:05am

We figured that this week would be a No Fun Zone and it has certainly become more ways than just the "markets". So let's take stock of where we are and where we hope to finish before we turn our attention to next week.

First of all, thanks again for your patience and...

Not Your Regular Thursday

Our No Fun Zone week continues.

Thursday, January 24, 2019 - 7:55am

An odyssey begins today but not without first a post with a few updated charts.

The idea of a "No Fun Zone" week has certainly played out as prices have mostly gone sideways. The lack of news and economic datapoints have combined to starve the algos of headlines to devour. Thus, we're...

NEEEE Wednesday

Gold prices are never allowed to rise consistently for more than 24 hours.

Wednesday, January 23, 2019 - 9:49am

There are few things in life of which you can be certain. Of course, there are the obvious like death and taxes. However, there's also The NEEEE Rule, and we saw it play out again today.

Once more, what's The NEEEE Rule? It's that global gold prices are Never, Ever, Ever, Ever, Ever...

Another Great JBSFC

Your weekly dose of objectivity from Batchelor and Cohen.

Wednesday, January 23, 2019 - 8:55am

Though John's battle with the flu seems to be worsening by the week, he and Professor Cohen managed to record another essential podcast last evening.

Be sure to listen this week as once again the discussion is a both a political and history lesson. Additionally, Professor Cohen's...

The No Fun Zone

Maybe by next week we'll have fun again. This week? Not so much.

Tuesday, January 22, 2019 - 10:43am

Well, here we are in another one of those no-fun periods where prices have stalled, momentum has reversed and some Specs are getting washed. It came earlier than expected and we have the BLSBS to blame for that. Let's begin today by attempting to assess where we go from here.


The Slam Cometh

The Forces of Darkness continue their evil ways.

Friday, January 18, 2019 - 10:45am

After issuing over 100,000 new Comex gold contracts in the past month and painting a pennant onto the charts, is it any surprise that CDG has been slammed $10 lower today?

Now, keep in mind that price bottomed at $1278 two weeks ago today following the latest BLSBS fiasco. And also...

Marching Along

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

Thursday, January 17, 2019 - 9:26am

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...

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