TF Metals Report Blogs

It's all Trump, all day long on this Fat Tuesday. From the overnight imposition of tariffs to this evening's "Address To Congress", Trump and his policies are going to dominate the news flow today and into tomorrow.

Let's start with the tariffs. As discussed in last night's podcast,...

The streak of eight consecutive days of Comex-based price smashes looks to come top a close today as prices have been higher all through the Asian and European day and have continued higher on Comex. That low at Friday's final PM Fux of February is looking better this morning but this all comes...

Looks like the beatings will continue...

So here we are on Day 8. Eight consecutive days of Comex-based price smashes and now Comex gold is about 4% off its highs. It's painful to watch and certainly no fun at all. However, I'll remind you that this is just the cost of doing business...

The prospect of imminent tariffs on Mexico and Canada is working against us today as a soaring POSX is leading to additional Spec liquidations of CDG and CDS.

And this is the first real, sustained weakness we've had in the PMs since 2025 began so we'll have to watch closely from here....

Today brought the sixth consecutive day of a plunge in price shortly after the Comex open. However, Comex silver refused to play along for once and Comex gold began to recover shortly thereafter. Maybe we're turning the corner?

So, anyway, welcome to Wednesday and welcome yours truly...

No podcast today as I'm currently flying back to Turdfork with MrsF. The airplane wifi is spotty at best so this is going to be a short post.

It was a nasty day of Spec liquidations and a high-volume washout of price. In case you're wondering, this is how it has been done since time...

As I begin, it may be too early to call it a "crash day" but things are definitely getting funky across the board. Not only are the Comex PMs getting smashed, but Bitcoin and stocks are falling sharply, too, while the bond market is soaring on what feels like a safe haven bid.

So it...

The past few weeks have begun with strong rallies that were reversed and hammered on Friday. After a promising start, this week is beginning in the opposite manner...with a smash. Will it end with the opposite, too? We can only hope.

So welcome to the new week. The only good thing...

In last night's podcast, we discussed the open interest levels for today's expiring options on GLD, SLV and GDX. Unfortunately, at least at this point as I type, it appears that that was a well-timed discussion.

The shenanigans to contain gold began last evening in Asia. After a strong...

Just when it appeared that the movement to officially revalue gold and audit the US's gold reserves was gaining real momentum, SecTreas Bessent showed up on Bloomberg TV overnight to claim that using gold as an "asset" wasn't in Trump's plans and that "all of the gold is in Ft Knox". It was...