TF Metals Report Podcast

What a long day. However, it's good to be back and Turdfork and, despite another Comex-based selloff in gold, there are signs that the situation may be starting to improve. Now that doesn't mean we can't go lower again tomorrow after the latest CPI data, but it does mean that your host senses...

It has been quite a challenging few days for the precious metals as a sort of post-election hysteria has overtaken the dollar index, stocks and Bitcoin...all to the detriment of the Comex PMs. What circumstances are causing these issues and how long might the headwinds continue? Let's talk...

The hope on Wednesday was that it was all just a one day overreaction to Trump's win. A one off. A day. Well, so far so good as the bond market rallies back and the POSX falls. Let's see if the reversal can continue into Friday so that we can finish the week on a UP tick.

For today,...

With the U.S. election now behind us, all that's left to do for us is to deal with the aftermath and aftereffects. Today was all about higher rates and a higher POSX. Tomorrow will bring Jerry and his fedlines and this might prompt a reversal of some of today's action. As such, let's just...

It promises to be a very volatile 24 hours for the Comex precious metals. Why? Well, if the past two US election reactions are any guide, you're about to see some fireworks. Have you forgotten how crazy things got in 2016 and 2020? If so, we're here today to give you a reminder.

With...

It was a crazy day with a horrible BLSBS leading to a big drop in rates and POSX with a subsequent surge in the Comex PMs. But then it all reversed with bond yields spiking a full 17 basis points off their lows, dragging the POSX higher and killing the PMs. This all leaves your host very...

Your host has a busy afternoon ahead, thus this early podcast. And the day definitely needs a podcast as it has been quite volatile, and not in a good way.

So what's behind all of the selling today? Well your first hint can be found in noticing that it's not just CDG and CDS that are...

It was a long day for yours truly but another terrific day for Comex gold as price fiddled back and forth around the $2800 level. Late in the day, we also got a great earnings report from AEM so that may help turn sentiment around in that sector, too.

Let's start with AEM. Here's a...

Data Dump Week Day #2 is now complete and it was a good one. This morning's JOLTS report was just lousy and it revealed growing weakness in the labor market...a weakness that will drive further fed funds rate cuts in December and beyond.

Also helping today was a very strong 7-year note...

The week begins with a day that could have been a lot worse following a very poor open on the Sunday Globex and a continued selloff in the bond market. But we managed to escape mostly unscathed and now the fun begins tomorrow with the latest JOLTS report.

Again and as we wrote this...