TF Metals Report Blogs

Like Tuesday, we had another straight down chart on our hands as price fell overnight, nearly uninterrupted in a straight line and in what felt like a predetermined glide path.

Well, that's quite a sentence and not a fun way to start the day. Keep in mind that the Chinese markets are...

It's The Socialist Worker's Holiday! It's also a data dump day. It's also FOMC Fedline day. And it's also the 13th anniversary of the May Day Silver Massacre. That's a lot to cover. Let's get started.

I don't know. I guess we'll begin with the data thus far.

• ADP jobs
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It's an ugly day of selling, which began conspicuously on the afternoon Globex yesterday. But there's a lot of week left...which can be either a good or bad thing.

So welcome to Tuesday where it's ugly across the board:...

Like a blue moon, weeks that include an FOMC meeting and the BLSBS only come around occasionally. This week is one of those occasions. Aren't we lucky?

So, welcome back. I hope you have a nice weekend. It was relatively quiet, for once, with no geopolitical concerns. In fact, the only...

Back on Monday, we were all reminded of the old TFMR adage. Which one? Come on, you know...it's not how you begin the week that matters, it's how you end it...and though the PMs won't crawl back into the green on the week, the shares look poised to do so. Let's see if we can get it done....

Well, here we are. Another Comex option expiration day and it comes with the usual attendant price manipulation volatility. It's also Q1 GDP day and that data was a doozy so come on in and let's try to sort through all that's going on.

Let's start with this because there are always...

The string of downward revisions continues today with the latest durable goods report. Sure, the headline number looks great but the previous month was revised lower. At this point in the election cycle, is there any data series.. .any one. ..that isn't goosed for headlines...

We have an interesting day on our hands today after another sharp dump last evening in early Asian trading. Prices began to recover in London and then, once we got the flash PMIs for April, they surged higher and are now back into the green on the day. This leaves open the possibility of a nice...

Remember, bull markets in the Comex precious metals always proceed in a manner of two-steps-forward-and-one-step-back. Why always? Because that's how the pricing scheme operates. Price pulls back to support and some Specs get washed out. That's how it works.

For today, let's also throw...

Well it appears that all-out regional crisis and war in the MENA has been averted today. Whew! Maybe now we can get back to dealing with option expirations, Goons, datapoints and all the rest.

But it sure seemed dicey when the news broke last evening. I was hanging out with MrsF when I...