TF Metals Report Blogs

Big Green Candle

We wondered yesterday if, following the recent pattern, today would bring a big green candle. So far, so good. Now let's see if we can hold and extend rather than fall back again.

Breather

After all the crazy news of yesterday that seemed to some from every direction, the "markets" are so far taking a bit of a breather today. It will be interesting to see how long this lasts.

Tracking Today's Moves

An overnight spike in USDJPY barley budged the price of Comex Digital Gold. Why? The answer can be found in the second most-important HFT input...the bond market...where long rates continue to fall.

Nothing Really Matters, Anyone Can See

The US labor force is rapidly shrinking. Wage growth is non-existent. The vast majority of the American people have no savings and little hope for economic improvement. But none of that matters with the G-3 central banks in charge!

Moving Day

A lot going on again today as the Trump tax plan is finally released and, in a few hours, he'll also reveal his choice to replace Mother. So far, so good with the price of the Comex metals but let's not get ahead of ourselves just yet.

A Puzzling Day

Quite a few crosscurrents appearing today as bonds and commodities are up even though the USDJPY is up, too. Is this something significant or just a one day event?

Spooky Developments

Two not-unexpected developments occurred overnight and this morning. First, the all-important USDJPY bounced from a double-bottom at 113 and then moved 45-degrees higher. Second, The CME and The Banks have decided to sink their fangs into Bitcoin through the introduction of Bitcoin futures.

Settle In

Wow, it's going to be a really busy week with headlines dominated by politics, geopolitics and economic datapoints. There's even an in-between FOMC meeting. So settle in and prepare for some volatility all the while keeping in mind that it's not how you begin the week that matters...

Guest Post: "Bull In A China Shop" by Jim Quinn of The Burning Platform

Jim Quinn has the unique ability to cut through the noise and present the facts. His latest, posted earlier today, is a must read for anyone incredulous at the continually rosy economic picture painted by the mainstream financial media.

Q3 GDP Soars

Apparently the old Keynesian fallacy regarding "broken windows are good for GDP" was on display once again as Q3 US GDP beat expectations this morning. This has predictably spiked the USDJPY and now Comex gold sits poised for a fall, right upon its 200-day moving average.

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