TF Metals Report - Gold, silver, currency and commodities coverage.
With TF 7 Comments | 4 Likes All is quiet on the western front ahead of one last big data day on Friday. Might the BLSBS finally roll over a little and grant us some relief from the two weeks of near constant selling pressure? Maybe. We'll know by 8:30 ET tomorrow. For today, we simply try to summarize how we to where we are. Prices have...
By TF 14 Comments | 8 Likes 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 closed for the remainder of...
With TF 10 Comments | 10 Likes What an interesting afternoon. Jerry didn't say much but that didn't keep things from banging in both directions. And then, just after the NYSE close, we got what appeared to be our second yentervention of the week. So what will tomorrow bring? Perhaps more importantly, what will Friday bring? But we can worry...
By TF 26 Comments | 7 Likes 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 report slightly stronger than expected ...
With TF 12 Comments | 10 Likes The selling began as I recorded yesterday's podcast and has continued through the recording of today's podcast. When was the last time CDG and CDS traded straight UP at a 45-degree angle for 24+ hours? Actually, that's a trick question. It has never happened and very likely never will. But it is what it is and...
By TF 14 Comments | 7 Likes 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: Let's begin with two things that are related to last night's podcast. First, the initial...
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