As you know, I'm currently traveling to a special event with old friends that will be held over the weekend. Therefore, there won't be time today to record your usual Friday wrap-up. With that in mind, I called up DenverDave on Thursday and got his thoughts on the current state of the precious...
Could we be set for a breakout weekly close in Comex Digital Silver? If we get that breakout, what might follow next week? Those are questions to consider as we go through the day.
As I type, it's about 7:30 ET and we are still about an hour away from the Comex open. However, it has...
It was an interesting and noteworthy day...not so much for what did happen as for what didn't. And so now we head into Friday and the weekly close, very curious to see where prices end up, particularly in Comex and spot silver.
We start again today, though, with copper. This is a very...
It has been quite a pair of days in the midweek. Both PPI and CPI loomed and any fresh surge of inflation had the potential to knock back Comex PM prices. Instead, we got strong rallies and healthy gains.
Which leads us to today...and a breather. We need a day to consolidate those...
Well, what a day that was. In the Tuesday podcast, we discussed how the action post-PPI set us up for a potentially great today today...and it was...with Jul24 CDS getting to $29.99 this afternoon. So what happens next? Will CDS breach $30 overnight and, if it does, will it be able to hold and...
In last night's podcast, I promised you a very busy and volatile day ahead. And here we are. So far, the volatility has been mostly to our benefit but the day is young so don't go taking anything for granted.
Let's see, where the heck do we start. How about something different? Copper...
It was a very positive day for the Comex PMs and the mining shares. The gains weren't unusually large but prices rallied despite the hotter than expected PPI data. This sets up a day tomorrow that has great potential if...IF...we can get a break with CPI at 8:30 ET.
Our friends are back with another excellent guest post to start your day. I'll add some thoughts on the PPI and other information to the comments section but, for today, here's something different to consider.
FISCAL NON-CONFORMITY IN THE ERA OF FINANCIAL LASSITUDE, by AGXIIK...
It was a stupid day and one that certainly felt like a couple others that we've seen over the past few weeks. In checking the charts, it looked like a few others, too, so let's talk about that today and then prepare for a whole bunch of volatility over the next few days.
So why is your host paranoid as the week begins? Is it the slew of economic data that is to come this week? How about the endless stream of Goons that will pop up and create headlines? Oh sure, those are all nerve-wracking but what has me paranoid is the fact that MrsF is battling a stout case...
It was a day of furious price capping on Comex as The Banks desperately attempt to forestall the inevitable short squeeze that will come above $30 in CDS. They survived today. They survived the past month. But will they survive next week and beyond? Let's discuss that today.
There's a massive solar storm heading this way and it's possible that even yours truly will be able to see the Northern Lights tonight if I can find a dark enough spot to watch. And this is perfect timing given that Comex Digital Silver flew a little too close to the sun earlier today, too....
I had the pleasure of meeting Lobo Tiggre via a roundtable discussion in late 2023. He immediately struck me as an intelligent and objective analyst and I thought to myself that I should have him in for a Thursday Conversation sometime soon. Well, it's May but I finally got around to getting it...
It's another slow news day but, because of that, the weekly jobless claims data got far more attention than usual. And it's a good thing, too, as the weekly totals finally budged off of the ridiculously stable 212,000 number for the first time in weeks.
No news and no headlines makes for another summer doldrum-type day of AlgoHell domination of the Comex precious metals. It wouldn't be so bad if that meant the HFT algos were on the bid and driving prices higher but, as you know, that's rarely the case.
In a day that felt a lot like the summer doldrums of August, the Comex PMs were a listless trade where the HFT algos drove prices both ways in response to moves in bonds and the POSX. Will Wednesday be more interesting than today? Maybe not as there's hardly news scheduled tomorrow, either....
The slow news week continues with zero economic data today and just one scheduled Goon. This leaves the playing field open for shenanigans and agendas but, so far, the day has been relatively quiet.
That doesn't mean straight up, mind you. It rarely does. Instead, the London Monkeys...
The week begins with China returning from holiday while the London bankers take a day off. The result was a pair of nice green candles for our precious precious.
But, at the end of the day, we haven't accomplished much and prices could easily turn around and give back half of these...
The early week has brought some big red candles each of the past two weeks so just seeing some green today brings a sigh of relief. Seeing big green is almost cause for celebration.
So, happy Monday to you. I hope you had a great weekend. Our new week began with the Chinese returning...
