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TFMR Podcast and Roundtable Discussion - February 2, 2024


A few days ago, I recorded a roundtable discussion with a few of the grizzled veterans of this site. They had plenty to say and it was great to hear from them....so much so that I'm making this a public thread.

So this isn't just your usual Friday podcast. On the front end, you get a condensed version of the day's events as well as a look at the updated charts. But that's just the first 10 minutes. The remaining time is filled with a discussion I recorded earlier this week with AGXIIK, Mickey and Dr. Jerome. I think you'll find the discussion to be great fun and very informative.

Before we get there, though, let's wrap up the week. I spelled put all of my thoughts on the BLSBS this morning so there's no sense in going over it again. Instead, just a quick recap and a request that you read this two links and study the four images that follow.

And to save time, just these three charts.

And here are your CoTs. In gold, the reporting week was the lead up to the Feb24 contract going off the board. As such, total open interest fell dramatically but we also got a significant improvement due to the Large Specs dumping nearly 22,000 of their longs.

A week ago, we discussed how the hedge funds in Comex silver were getting set up for a squeeze again as their positioning had shifted to net short. And that's what we got. Price rose 76¢ during the reporting week on the backs of the hedge Large Spec hedge funds getting a little short squeeze.

OK, that's all I have and it's time to call it a week. See you Monday.


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Key Economic Events Week of 7/15

7/15 8:30 ET Empire Fed
7/15 12:00 ET Chief Goon Powell
7/16 8:30 ET Retail Sales
7/16 8:30 ET Import Price Index
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts
7/17 9:00 ET Goon Barkin
7/17 9:15 ET Cap Ute & Ind Prod
7/17 9:35 ET Goon Waller
7/17 2:00 ET Beige Book
7/18 8:30 ET Philly Fed
7/18 10:00 ET LEIII
7/18 1:45 ET Goon Logan
7/19 10:40 ET Goon Williams
7/19 1:00 ET Goon Bostic

Forum Discussion

by argentus maximus, Jul 15, 2024 - 8:39pm
by 1980build, Jul 12, 2024 - 9:07am
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