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Thursday Conversation - A Mid-Year Update from Tom Luongo


Longtime friend and Turdite Tom Luongo stops by today to provide a mid-year update. In our most recent discussion, Tom suggested that The Fed was going to keep rates higher for longer and, thus far, he has been absolutely correct. So where do things head from here? Come on in and have a listen.

First of all, here's a link to the podcast we recorded with Tom back in January: https://www.tfmetalsreport.com/podcast/11904/thursday-conversation-tom-l...

Additionally, here are links to a recent conversation that Tom recorded, along with Vince Lanci, at the Palisades Gold site.

For today's call, Tom and I truly recorded a conversation. It's a little one-sided because he's the guest but don't think of this as an "interview". Instead, it's just two crusty old farts having a discussion of the current situation and where things may head from here.

Among items covered:

  • Fed policy vs the ECB and BoJ
  • LIBOR vs SOFR and/or New York vs London
  • Commodity price takers becoming commodity price makers
  • The beneficial impact of higher gold prices
  • and so much more in between that I don't know where to start

For additional context and color, please be sure to check out Tom's website. You should be sure to follow him on Twitter, too.

This podcast is about twice as long as your usual Thursday Conversation but that was out of necessity...there was simply too much to cover in a short amount of time. So please carve out some time today or over the weekend to give this your full attention. You'll be glad you did.


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Key Economic Events Week of 12/4

12/4 10:00 ET Factory Orders
12/5 9:45 ET S&P Services PMI
12/5 10:00 ET ISM Services PMI
12/5 10:00 ET JOLTS
12/6 8:15 ET ADP jobs report
12/6 8:30 ET US Productivity
12/7 8:30 ET Initial jobless claims
12/7 10:00 ET Wholesale inventories
12/8 8:30 ET BLSBS
12/8 10:00 ET Prelim UMich Dec.

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