TF Metals Report - Gold, silver, currency and commodities coverage.
By TF 11 Comments | 3 Likes It was a busy day of moving for me and it was a busy day of chart painting for The Banks in one of the most egregious events I've witnessed in quite some time. You saw it, too, so there's no need to ruin a Saturday by rehashing it. Suffice it to say, it reeked of desperation....a desperation to avoid a breakout...
By TF 23 Comments | 6 Likes We've been discussing stagflation as the ultimate economic outcome for four years now. My first recollection is from June of 2020, in the aftermath of the Covid "emergency stimulus". It seemed certain that stagflation was an eventuality and now here we are. And why wouldn't stagflation be the outcome? I'm not a...
With TF 25 Comments | 6 Likes It has almost been a great month. Almost. Maybe by tomorrow, it will be a great month but we must see through the day first. Watch prices tonight in Shanghai. If they can hold firm, then it is very likely that Friday will bring a new monthly closing high for gold and an 11-year closing high for silver. Again,...
By TF 13 Comments | 10 Likes After a drop late yesterday and a couple plunges in Shanghai, the question today is "who leads whom"? Did Comex/Globex trading force Shanghai lower or did a drop in Shanghai exacerbate price weakness in CDS that began yesterday afternoon? Before we try to answer that question we need to start by admitting that...
With TF 10 Comments | 3 Likes It is a crazy busy day, sandwiched inside a crazy busy week. As such, here's your daily podcast, recorded and posted earlier than usual. And what an interesting day we're having in the Comex PMs. If you haven't yet read this morning's summary, please do. I try to explain how and why CDS would continue to bounce...
By TF 15 Comments | 7 Likes Another day. Another dip in London as The Machines sell digital PMs on rising interest rates and a rising POSX. Another bought dip in New York as price charges back higher. What the heck is going on? I think you already know the answer. At least you should know the answer because we've been discussing it here for...
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