TF Metals Report Blogs

Back in the day...back when human beings traded fiat currency for physical metal...it was thought that gold and silver were inflation hedges. Yes, inflation might eat away at the purchasing and saving power of your dollar but at least the value of your gold would increase.

But we are...

The week begins with a slam that appears loosely tied to some comments by the most-detested Goon Williams. But, whatever. It's going to be a very long week and, by the time we get to Friday afternoon, the slam this morning will be long since forgotten.

So did you see the slam? It was...

Well, it's Friday, Day 5. The week is almost over and even the Book of Genesis tells us to rest on Day 7. And you might want to make sure you do just that because Days 2, 3 and 4 next week are going to be doozies.

And what will next week bring? Well, let's see. For starters, we have...

We've seen this movie before but we also know how it ends. The Fed threatens to shut off the liquidity fire hose and the "markets" react by selling everything except treasuries. If today is the start of another such event, at least history has shown how The Fed will respond when the screws get...

How can this not be a lucky day? Seriously. Maybe we should all get out of here and head to an actual casino rather than sit here all day and watch people get screwed over by the Comex Casino?

And that screwing is now a daily occurrence...at least it has been since the FOMC three weeks...

It was a long and fun holiday weekend but now it's time to get back to work...and isn't it nice to see Comex Digital Gold rallying for once on a Tuesday? It's following through on the bounce we caught near the lows last week. Let's keep going!

As the work week begins here in the US, it...

Another shot of BLSBS, powered down during summer when AlgoHell often takes hold, leads to a doldrum day of price moves that are solely computer-driven and almost completely devoid of carbon-based trading action.

But, whatever, I guess that's what we should expect. It's the Friday...

I've you've been around this site for a while, then you know that since last year at this time we've been discussing stagflation as a likely outcome to the Covid Crisis. Nearly all of the data this week has pointed in that direction and today's manufacturing PMIs for June continued the trend...

OK, maybe not twelve. More like six or seven. But we are clearly progressing along the path of recvery that we first laid out two weeks ago following the post-FOMC crash and another milestone was crossed off this morning.

And which milestone was that? Getting through the month and...

Quarter end is approaching and with it often comes a Bank-based pounding before books are squared and positions are marked. And here we are again today.

First of all, recall that list of dates that we've been following since the post-FOMC smash of two weeks ago. Not only is the end of...