TF Metals Report Blogs

Oh The Joy

Our two-week slog toward Mother's next rate hike continues today and about the only question remaining is whether or not she might jack the FF rate by 50 basis points instead of just the expected 25.

Russophobia with JBSFC

John and Steve returned last evening with an excellent, comprehensive rundown of the outrageous rhetoric emanating from Washington and New York in the relentless propaganda and cold war against Russia.

Endless Fed Deceit

Of course,  we all know that the benevolent and altruistic organization called The Federal Reserve is on a rate hike regimen because the US economy is "booming" and "robust". Oh, really? After just +1.6% "growth" for 2016, Mr. Donut in Atlanta today lowered his Q1 GDP projection to just +1.3%. That sure sounds robust to me!

Priced In

What a difference a week makes. Last Monday we worried that a week full of Fed Goon jawboning would raise the specter of another FOMC rate hike. Today, a Fed Funds hike next week seems all but a fait accompli.

Stand By For Mother

A long week of Fed Goon jawboning concludes today with a speech by Mother Fellen at 1:00 pm EST. 

Early Aught Perspective

Since all of the Fed Goon jawboning this week has now raised the odds of a March FOMC rate hike to 147%, we thought it best to write today with some perspective on the past...perhaps unearthing some clues as to why Comex Digital Gold seems to rally every time The Fed hikes rates.

Remarkable Resilience

Yes, Comex Digital Gold is down over $20 from where it was two days ago. However, given what we've seen in interest rates, interest rate expectations and forex, gold only off $20 is actually quite surprising. Throw in the fact that Comex Digital Silver is only down a few pennies and a picture of remarkable resilience emerges.

The Don and The Goons

Another day full of economic datapoints and Fed Goon jawboning will conclude with The Don speaking to Congress. As with the entire week, if we can just get through the day without seeing CDG get crushed, we shall consider it a victory.

It's Going To Be A Long Week

Whew, this is going to be a long week. Not only are there a whole bunch of US economic datapoints, it seems that almost every day will bring out some assorted Fed Goon for a gumflapping and jawboning session. If we can survive just by moving sideways, it will likely feel like a great victory come Friday.

Watching The Bond Market

While the chatter persists that somehow the March FOMC will be a "live meeting", the global bond markets clearly aren't buying it. And what do lower interest rates mean for the precious metals? Do you recall what happened in 2016?

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