Ahead of The BLSBS

In honor of April Fool's Day, maybe the BLS will honestly report that all job gains are part-time and that wages are falling? Maybe they'll confirm that Obamacare is crushing job growth and inflicting financial pain upon all Americans? Maybe LIESman and The Shill (Zandi) will skulk off in disgrace? OK, maybe not...

Guest Post: "Worst Case Scenario = 73% Down From Here", by Jim Quinn

Later today at the conclusion of March and Q1, we'll update our monthly S&P charts and see what the "candles" and moving averages might be telling us. In the meantime, please be sure to check out this bit of perspective from Jim Quinn.

TFMR Podcast - Wednesday, March 30

Mother Fellen giveth...and The Comex Banks taketh away. Paper prices rose yesterday only to fully roundtrip today. What happened? Did Mother walk back her speech? Did some other fundamental factor suddenly change? Of course not! Today the April16 Comex gold contract went "off the board". This made for more sellers than buyers of Comex paper. It's as simple as that.

Contract Expiration and Open Interest

Once again, no follow-through today as gold is shoved back lower, regardless of the ECB, the FOMC and now Mother Fellen's own words. So we're left waiting and wondering what the market reaction will be once we get the latest issue of "the most important jobs report of all time".

JBSFC Cold War Update

John and Steve return for another comprehensive update on the situation in Syria, Ukraine and across all fronts of the New Cold War.

TFMR Podcast - Tuesday, March 29

Mother Fellen giveth...and then giveth some more in a speech that sends the POSX dumping and the metals soaring.

Must Watch Video

With a major hat tip to our buddy, Ned Naylor-Leyland, you simply must watch this video from The Financial Times and their astute reporter, Izabella Kaminska.

TFMR Podcast - Monday, March 28

A relatively quiet day but the rest of this week won't be. With contract "expiration" and the BLSBS ahead, today we discuss some key levels to watch.

A Volatile Week Begins

This week brings expiration of Apr16 gold options, the Apr16 also comes off the board and moves into "delivery" and we finish the week with the BLSBS for March. All of these events typically inspire Cartel shenanigans so be prepared for all sorts of unwelcome volatility.

TFMR Podcast - Saturday, March 26

This is a public podcast. If you can spare the time this holiday weekend, I urge you to give it a listen.

Syndicate contentTF Metals Report Blog Feed