TF Metals Report Blogs

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...

After testing some downside yesterday, the Comex PMs are rallying again today with CDG back near $2400 and CDS cooking, too. Continued war fears and support from DrC are helping prices to overcome any attempt at profit-taking price management.

So welcome to Thursday. It's a busy day...

The Comex PMs are bouncing around this morning as CDG looks to extend a four day winning streak and CDS looks to recover some of its losses from yesterday. So far, so good but there's a lot of day left.

One of the things we'll be waiting for today is the latest supply/demand report...

For a somewhat refreshing change of pace, the day thus far has been short on war headlines and long on market-moving economic datapoints....like the good old days of two weeks ago! Can the pause in the potential MENA doom-and-gloom continue for more than a few hours? Probably not so let's just...