TF Metals Report Blogs

Well, here we are. The long-awaited and much-anticipated September FOMC meeting is finally upon us. Will fed funds be cut 25 basis points or 50? What will Jerry say and how will he say it? And what will the SEP show regarding future cuts? We'll know on Wednesday, which makes for a very busy...

It was yours truly who, just last Friday, was concerned that we had a tough and challenging week ahead....and it sort of started out that way. But whether it's war fears, the ECB rate cuts, a newly-possible 50 basis points from the FOMC next week or the blowout August deficit numbers, the Comex...

Spurred on by rate cuts out of the ECB, Comex gold has finally broken through $2560 this morning and has surged to new ATHs as the wall of resistance that was built over the past three and a half weeks get run and squeezed.

What's funny is that I was thinking about the symmetry earlier...

Today's CPI finally threw out the window the notion that Jerry will cut 50 basis points next week. For the past month, I've been telling you that the "market" had to get past this idea and focus more upon the aftermath and press conference of next week's FOMC. Maybe now we finally can?...

With all of the primary economic news scheduled for later this week, you had to figure that today would be another light volume snoozer of a day....and it is so far...though, of course, as soon as Comex trading began, down went prices for CDG and CDS.

Anticipating another snoozer, I...

Last week was a long week and it sure felt good to make it to Friday. But now, after just two short days of rest, we are right back at it and starting a new week that will be full of surprises. It is what it is so we might as well just jump right in and get started.

I hope you enjoyed...

The long-awaited August jobs report is in and it shows a continuation of the worsening trend of the past few months (and years). Was it enough to make Jerry panic into a 50 basis point fed funds rate cut in two weeks? Maybe.

But make no bones about it, this was another terrible report...

The Comex PMs are bouncing today after a steady stream of positive news since the JOLTS report of yesterday. Will this bounce continue through today's service sector PMIs and tomorrow's BLSBS? Maybe. IF it does, we'll be looking at finally breaking through that $2560 cap.

To begin...

It's a very busy week for data and the hots continue later this morning with the latest update on job openings and quits....the JOLTS. Will the news at 10:00 ET be enough to turn CDG back into the green? We'll know soon enough.

And there's not much else going on today, otherwise. Most...

If you were able to listen to Friday's BwT audio, you may have noticed my concern for how this month might play out. I'm not expecting a crash or even a significant decline. However, after six consecutive green monthly candles, don't be surprised if September ends in the red.

And we're...