TF Metals Report Blogs

The Final Week of Q2

Monday, June 24, 2024 - 9:49am
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12

It may seem hard to believe but the first half of 2024 comes to a close this week as Friday marks the end of June and the end of the second quarter. It has been a volatile first half of the year but if you think that it was crazy, you very likely ain't seen nothing yet.

But what a...

Which Witch

Friday, June 21, 2024 - 8:40am
By
12

Today is the third Friday of June, which makes it a "quadruple witching" day with an abundance of equity futures and options expiring at the NYSE close. Sometimes these expirations have a direct impact on CDG and CDS, particularly on the afternoon Globex, so we'll need to be aware of the...

Stringing Together Some Winners

Thursday, June 20, 2024 - 9:37am
By
14

As the Comex PMs continue their consolidation phase, the key to breaking out will be found in stringing together multiple green days in a row. Over the past few weeks, previous attempts have been met with a big red candle that blunted the momentum. Will that happen again tomorrow?

We...

Mid-Week Market Holiday

Wednesday, June 19, 2024 - 8:00am
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14

All U.S. markets are shuttered today in observance of the Juneteenth holiday. As such, it's an unusual, midweek and one day market closure.

You'll still see some trading, of course, as Globex futures will trade through the morning. But Comex will be closed so maybe, just maybe, we can...

Slowing Sales

Tuesday, June 18, 2024 - 10:01am
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13

The latest retail sales report came in today with another posting that was well below expectations. Additionally and in the same trend that we've seen in other data series, the April report was revised lower. Big shock there!

So let's start with that retail sales data as we begin the...

Some Weeks Are Better Than Others

Monday, June 17, 2024 - 10:06am
By
11

Sometimes weeks are busy. Sometimes they're lazy. Some weeks you feel like a bit of a baby. Some weeks go up and some weeks go down. Some leave you smiling but most leave a frown.

And with that we begin mid-June, which already feels a bit like mid-summer. There will be scheduled news...

A Lot Going On

Friday, June 14, 2024 - 11:03am
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20

Today is one of those days where it seems calm on the surface. It's a summer Friday and everyone is thinking abut the weekend. But when we dig a little deeper, there's a lot going on and some of what's happening might have significant implications.

This is not meant to be some sort of...

Another Long Night

Thursday, June 13, 2024 - 9:58am
By
18

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...

A Big Wednesday

Wednesday, June 12, 2024 - 10:15am
By
13

We knew that today would be volatile...we just weren't sure of the direction. Now that the CPI is behind us and we have seen some pleasant upside volatility, concern shifts to this afternoon's FOMC Fedlines and Jerry presser where downside volatility may return.

But let's worry about...

China Follows II

Tuesday, June 11, 2024 - 10:56am
By
11

Last Tuesday, the price of Comex silver fell $1.17 and the Shanghai price followed it down on Wednesday. Last Friday, the price of Comex silver fell by $1.93 and, in the first trading since last Thursday, China followed it down today. For now at least, I think we've settled the whole "price...

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