TF Metals Report Podcast

All things considered, it wasn't a bad day. Yes, the algos took over and drive the PMs backward while the POSX rallied. But that rally ended up being a full half point and rates were higher, too, so when you consider that CDG was green and CDS was only off 1%, that's not a bad day at all....

Another very interesting day in the Comex PMs as CDG posts its fourth, consecutive all-time high daily close and CDS surges to its best close since June. All of this as China blasts its monetary cannon and the odds of another 50 basis point rate cut at the next FOMC meeting surged to over 60...

Goon week kicks off with a decent day in Comex gold. However, since prices for CDG and CDS fell during the NYSE session, the shares reversed their earlier gains and most closed lower on the day. This does not foreshadow another down day tomorrow. Instead, it's simply just a...

It was great week for Comex gold and silver with another set of new all-time highs for gold. Could prices extend again next week or will the CoT structure begin to hold things back? Let's discuss that today.

My apologies again for postponing this podcast to today but it's a busy time....

Since 1999, my friends Chris Powell and Bill Murphy have been leading the fight for fair and honest pricing in the precious metals. Through the Gold Anti-Trust Action Committee, they have done amazing work and we are all in their debt. It has been a while since I had a chance to visit with...

It was the worst of both worlds today as the FOMC cut the fed funds rate by 50 basis points but Jerry was able to talk down expectations in his press conference. This led to a complete reversal in CDG and CDS and likely opens the door to more weakness in the days ahead.

Ugh. What a...

It was another mostly quiet day in the Comex PMs. Some profit-taking ahead of tomorrow's FOMC was the likely cause of a mid-morning decline but, in the end, volume was light and the chart damage was minimal.

All in all, a pretty boring day. Tomorrow? Not so much. Ahead of FOMC Day, a...

With all of the investment world focused upon Wednesday, it should come as no surprise that we began the week today with a very quiet, low volume and tight range Monday. There may be slightly more volatility tomorrow but again, with the FOMC pending for Wednesday, Tuesday is likely to be a...

Well, I sure didn't see that coming. However, I'm pretty sure that no one saw an August US deficit of $380,000,000,000 coming, either. That cold slap to face brought about a Keynesian reality check and the Comex PMs were bid all the way through the weekly close.

And what a week it was...

Our old friend...and longtime OG Turdite...Tom Luongo stops by today to share his perspective on a number of issues. This is some really good stuff so please be sure to give this podcast a thorough listen and remember, like always, these Thursday Conversations are free, public threads. As such...