TF Metals Report Blogs

Powell's "Strong" Economy

Thursday, May 26, 2022 - 9:30am
By
24

We were reminded again yesterday that The Fed believes the US economy is "strong" and "robust". But nothing in the data suggests that's true. So, are they lying again? Of course they are. The Fed is simply following the old SPIN and MOPE path.

So I guess that's where we'll start on...

TFMR "Podcast" - Wednesday, May 25

Wednesday, May 25, 2022 - 3:00pm
By
21

As you know, I'm traveling today and unable to record and post your daily podcast. Here's some content that will keep you busy in my absence.

Thanks again for your patience with my schedule this week as family obligations draw my time away from the site. I'll try to crank out a morning...

Comexpiration Day

Wednesday, May 25, 2022 - 10:03am
By
24

Today marks the final day of trading for the Jun22 Comex gold options. As usual, we're seeing shenanigans and, as usual, we all knew about it ahead of time.

And this is how you use "Manipulation Analysis" to your advantage. I'm not sure if anyone was considering the purchase of an...

Putting The Stag In Stagflation

Tuesday, May 24, 2022 - 10:40am
By
22

Today's US economic data is gloomy and points toward worsening conditions and eventual recession. The amount of time before Powell Pivot II kicks in just got shorter.

As discussed in yesterday's podcast, we already have Goons Bullard and Bostic starting to walk back rate hike...

Monkey See, Monkey Do

Monday, May 23, 2022 - 10:44am
By
22

The week begins with the usual Comex shenanigans but the bigger concern is with how it will end. There's a lot of economic data between now and then and an even longer list of potential unknowns, particularly with this Monkeypox stuff.

So welcome to Monday. I hope you had a nice...

No New News Here

Friday, May 20, 2022 - 10:32am
By
19

This seems strange. Every Friday has market-moving news whether it's a BLSBS or some sort of other economic datapoint. But today, there's nothing and, left to its own devices, CDG and CDS are going slowly melting away and taking with them any chance of a weekly close above $1840 or $22....

And Now For Something Completely Different

Thursday, May 19, 2022 - 10:40am
By
20

What's this? Bonds are up and the POSX is down?? When's the last time that happened??? And the TIP is up, too???? And the GDX is up over a full point????? Goodness me, how can that be?

OK, so maybe things haven't changed THAT much. After all, the 200-day moving...

Currency Convulsions

Wednesday, May 18, 2022 - 11:08am
By
19

It's just another day in the barrel for Comex precious metals so let's a couple of other items that have crossed my screen this morning.

First of all, welcome to Wednesday...in all its glory. The POSX is up while bonds catch a safe haven bid as the S&P is down 70 points. Yeehaw....

To Recess or Not To Recess

Tuesday, May 17, 2022 - 10:24am
By
21

That is the question. For yours truly, the end result has always been stagflation and the US (and world) is definitely headed in that direction. But today's economic data seemed to forestall the recession talk for now and that has helped to drive the Comex metals backward...again.

...

Tell Me Why

Monday, May 16, 2022 - 10:52am
By
25

I don't like Mondays. I want to shoot the whole day down.

Let's hope that this week will be different from last week...or the week before that...or the week before that. It didn't start out particularly well. Did you catch this little beauty overnight? Nothing to see here, of course....

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