TF's Contributions

TFMR Podcast - Wednesday, December 8

Wednesday, December 8, 2021 - 5:25pm
15

As we slouch toward Friday and the latest update on CPI inflation in the US, today was a quiet day. And you know what happens on quiet days? The computers take over and we spend a day in AlgoHell.

So there's not a lot new to discuss today that we didn't already cover this morning. To...

The No Fun Zone

Wednesday, December 8, 2021 - 10:32am
By
14

So now it's Wednesday and, just when it looked like we had something going today, the bond market puked and rates spiked. The algos then took over and now both CDG and CDS are back to their lows of the day. Stated another way...It's just another day in The No Fun Zone.

And, frankly, it...

TFMR Podcast - Tuesday, December 7

Tuesday, December 7, 2021 - 5:36pm
19

Tuesday, December 7, 2021...a date which will not live in infamy...and that's just fine with me. Instead, it was a day of "risk asset" recovery as more reports indicate that Omi may not be as deadly as first feared.

So it was "risk on" as the stockroaches used to like to say. We saw...

Stonks Roaring Back

Tuesday, December 7, 2021 - 10:59am
By
18

It looks like all the Omi-worry of last week has evaporated as the stonk market is soaring again this morning. We'll wait to see now if everything else that has been hammered over the past 10 days begins to recover, too.

Let's start with the stonk market. As you know, it has been on a...

TFMR Podcast - Monday, December 6

Monday, December 6, 2021 - 4:41pm
20

It was a quiet start to a week that is destined to not end quietly. Maybe we should simply enjoy the respite? Maybe.

So, for today, there is no pressing news and no need for outside links. Instead, just a general discussion of current events and then we note the ongoing Bullion Bank...

CPI Week

Monday, December 6, 2021 - 10:52am
By
22

As we discussed in Friday's podcast, it would be pretty easy to check out at this point, given that this year has stunk and it's the holiday season. There will be a time for that, no doubt, but it's not time yet as the next two weeks will bring significant volatility and adventure.

As...

TFMR Podcast - Friday, December 3

Friday, December 3, 2021 - 5:46pm
23

The week ends in intriguing fashion as the bond market soared through the day, which inspired very nice bounces and rallies in both Comex digital metals. So now we enter a very volatile period with at least a little bit of wiggle room on the chart.

Again, it was a crazy day as "the...

Just More BS From The BLS

Friday, December 3, 2021 - 10:30am
By
17

Just another reminder of why we call it the BLSBS. Also just another reminder of how frustrating the year 2021 has been for all of us.

It's the first Friday of the month and, by now, you know what that means....the latest US jobs report which we call the BLSBS. And why? Because it's...

Thursday Conversation - Alasdair Macleod

Thursday, December 2, 2021 - 2:00pm
With
25

During our Q&A session last week, I noticed that many of you still had questions about Basel3 and its impact on the LBMA after 1/1/22. So I again sought out Alasdair in the hope that we could once more seek some clarity on what to expect once the calendar flips into the new year.

I...

Wash, Rinse, Repeat

Thursday, December 2, 2021 - 10:58am
By
24

The new day dawns with the same price action that we've seen over the past two weeks. With all momentum and sentiment drained once again from Comex, prices continue to fall regardless of the daily moves in the bond market or the POSX.

What an extraordinarily difficult month this has...

TFMR Podcast - Wednesday, December 1

Wednesday, December 1, 2021 - 5:22pm
22

It was another challenging day across all "markets" as stonks fell sharply, bonds rallies, the POSX was flat, CDG was solid but CDS was routed. So please take the time to listen to today's podcast but also please take the time to watch the video that embedded here, too.

Today's podcast...

December Begins

Wednesday, December 1, 2021 - 10:41am
By
17

Wednesday dawns with more hysteria over the latest Covid mutation but "the markets" are shrugging this off with the POSX falling and nearly that fell yesterday bouncing back today. Well, almost everything...

You'll recall the screenshot of the entire commodity board that was discussed...

TFMR Podcast - Tuesday, November 30

Tuesday, November 30, 2021 - 5:46pm
15

In another crazy, frustrating day of trading, almost everything with a bid was sold today with the exception of longer term treasuries, which rallied again on fears of a Fed "policy error" and future deflation.

You and I both know how nonsensical those fears are but that makes zero...

Powell, Mother and Omicron

Tuesday, November 30, 2021 - 10:48am
By
21

No, that's not some retro 70s rock band. Instead, that's our lineup of market-moving news today. And, so far, the news flow has moved the Comex precious metals back higher with Comex Digital Gold having a particularly good morning...again, so far.

Let's start with Powell and Mother....

SPECIAL PODCAST: Nick Luksha, President of Prospect Ridge Resources

Monday, November 29, 2021 - 5:15pm
2

Here's another new name for you to consider in the exploration space. Nick Luksha is president of Prospect Ridge Resources and he stops by today to explain why he and his team are so excited about the company's prospects in 2022 and beyond.

This is another company with which I was...

TFMR Podcast - Monday, November 29

Monday, November 29, 2021 - 5:14pm
15

It was a frustrating day made even more aggravating by some technical difficulties with this podcast. But tomorrow is another day and it will be a volatile on, at that.

So, about those technical difficulties...Four times during the recording of this podcast, my GarageBand app froze up...

It's BLSBS Week...Again

Monday, November 29, 2021 - 10:44am
By
15

'Tis the week of Hannukah and tis also the week of the next BLSBS. I think I'd prefer eight gifts to the laundry list of datapoints and Fed Goons that we have to navigate again this week.

So I guess that's where we'll start...it's going to be another long week. For now, it appears that...

TFMR Podcast - Friday, November 26

Friday, November 26, 2021 - 1:34pm
27

What an unexpected and wildly volatile day to end the week as news of a new Covid mutation grips the world with concerns of new lockdowns. Just about everything with a bid was sold and the only thing green was Comex gold and the bond market. What happens come Monday? Your guess is as good as...

TFMR Podcast - Wednesday, November 24

Wednesday, November 24, 2021 - 5:02pm
21

It was a mostly quiet, pre-holiday trading day and tomorrow brings the US market holiday of Thanksgiving. So here's just a brief summary podcast of the day's events and a chart reset with levels to watch through the Friday close.

For today, a discussion of the news that has come in...

Here Comes A Data Dump

Wednesday, November 24, 2021 - 10:28am
By
16

The last significant economic events of the week will be released this morning. It's hard to see how the price action could get any worse for the Comex metals but we'll have to watch to see how things respond.

Already today, a few datapoints were released at 8:30 ET. We got the:...