TF Metals Report Blogs

Opposite Monday

A fun start to the week!

Monday, June 22, 2020 - 9:49am

Many weeks in 2020 have begun with prices smashed lower, only to be reversed into green candles by the Friday close. Last week was just the latest example. So what are we to make of the start to this week?

Well, we should probably begin by going back to Friday's podcast. Price had...

Happy Friday

Green weekly candles pending?

Friday, June 19, 2020 - 10:27am

In a pleasant development, both Comex digital metals are higher this morning and poised to paint some pretty green candles onto the weekly chart...IF they can hold these gains through what might be a volatile session.

And why the volatility? Today is the third Friday of June, which...

Digital Drop

But my physical retains its shine.

Thursday, June 18, 2020 - 10:48am

Despite an abundance of news that would suggest higher prices for CDG and CDS, instead both are getting driven lower today on Comex and during the London PM Fix. Both are now back to UNCH on the week so we'll wait now to see what the rest of today and tomorrow brings.

I recall using...

A Languorous Wednesday

Not yet the doldrums but close.

Wednesday, June 17, 2020 - 10:35am

The London Monkeys were hard at work overnight but prices have since recovered on Comex as Wednesday begins.

And it's a pretty light day. Of course, Chief Goon Powell will be on a Capitol Hill teleconference today but what might he say today that would be any different from yesterday?...


What remains to be said?

Tuesday, June 16, 2020 - 10:29am

Chief Goon Powell is on Capitol Hill today (via teleconference) performing his semi-annual "report on monetary policy". Given that The Fed has already announced as much as $2.2T in various debt monetization recently, what more can he say? Which makes me a little nervous.

If you want to...

Red Monday

Down, up. Down, up.

Monday, June 15, 2020 - 10:55am

Let's see. There are a couple of old TFMR adages you might consider today. There's that one about the beginning of the week and another regarding buying only when it looks awful. Hmmm. Well, Happy Monday to you, too!

And it's going to be another long week. How long? Check out the list...

Almost Ready To Call It A Week

Friday, June 12, 2020 - 10:33am

It feels like it has been a lousy week, I guess because of what happened yesterday to CDS and the shares. In reality, however, it has been a great week...particularly if you look at CDG. And now we wait to see where price closes so that we can paint the charts with a very nice green candle....

June FOMC Day One

Let's get it on!

Tuesday, June 9, 2020 - 10:11am

Chief Goon Powell, Goon Chlamydia, Goon Kash-n-kari and all the rest would like to welcome you to the June FOMC meeting, which begins today. But, of course, you're not invited. Instead, the boyz will meet behind closed doors and then enlighten us all with their "fedlines" tomorrow at 2:00 pm ET...

Fed Week

It's a long way to Friday.

Monday, June 8, 2020 - 10:26am

There's a lot going on this week but, by far, the most significant event will be the June FOMC. As per the usual schedule, the meeting begins tomorrow and concludes Wednesday with 2:00 pm ET Fedlines followed by Chief Goon Powell's "press conference".

There will be other events along...

Where To Restart?

All good things come to an end.

Friday, June 5, 2020 - 11:04am

After a wonderful and relaxing time away, please bear with me today as I attempt to get caught up with some of what I've missed as well as digest the news of just this morning.

First of all, I should begin with a final thank you to all of you who worked clandestinely to organize and...