TF Metals Report Blogs

Following Script

I think we should all be very encouraged by the action overnight and into this morning. In terms of the decline, the bottom and the nascent recovery, things sure seem to be following script quite nicely.

Bottoming

Thanks for your patience in my absence today. No, I did not have jack-booted thugs visit my home overnight to whisk me away to a re-education camp. Mama Ferg simply required my assistance this morning. That said, I believe we had a very constructive day today in the PMs and we are very close to declaring a bottom.

Well...

...that was interesting, wasn't it? A long and crazy day but I do have a few things to add.

The Only Charts That Matter

Boy, oh boy. Lots of wailing and grinding of teeth this morning. Look, I know it's hard to see paper gold at 1610 and paper silver under 30. Frankly, it sucks. Again, though, I must ask you: Which fundamentals have changed? Additionally, why on earth would you sell your metal here and convert it back to fiat? However, I know it's hard and many of you feel like Clark Griswold. (Substitute Jamie Dimon or Jon Corzine for "Frank Shirley")

The Fed Disappoints

HAHAHAHAHA! That's a good one! As if having the Fed overtly printing money would solve all the worlds ills.

Starting Tuesday

No time for a complete post this morning but there are several items to which I'd like to draw your attention.

Wrapping Monday

Ugh. Yuck. What an ugly day in paper metal. Almost makes paper metal seem worthless. Hmmm. Now there's a thought...

Stand Back

I trust that today's action doesn't come as a surprise to anyone. If you are still trying to trade this "market", I hope you are short.

A Thought Experiment

As we prepare for what will certainly be another wild and volatile week, I thought I would propose to you the thought experiment I have been considering all weekend.

Three To Get Ready

Three important items to review and ponder over the weekend.

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