TF Metals Report Podcast (Exclusive Access): Recent Episodes
TF Metals Report
The TF Metals Report Podcast is an educational podcast investigating the world of gold, silver, commodities, and currencies. New podcasts are published almost daily, while special Access-to-Access (A2A) interviews with leading experts come out usually once a week. Take a listen and learn how these topics will impact our economy and monetary policies in both the near and long-term!
Our always-free Thursday Conversation this week features legendary trader and analyst, Michael Oliver. Michael shares some very revealing insights into the current trends of the stock market, the bond market, gold, silver and the mining shares. You should be sure to listen. Many thank to Michael for sharing his time with us. He has been monitoring the markets for nearly 50 years and the...
Today brought a bounce following yesterday's decline and we are once again in a pattern of big green candle, big red candle, big green candle, big red candle, etc etc etc. Wednesday is a US market holiday so perhaps we can get a second green candle in a row with Comex closed? Perhaps. Let's just move along with things and start our unusual, mid-week holiday a little early. After a thorough...
Higher interest rates impacted Comex gold today while Comex silver was able to hold firm due to a falling POSX. But the rest of the week will bring some market-moving events and data...plus an unusual mid-week US holiday...so please be sure to listen to today's podcast. However, you should also be sure to watch and/or listen to this discussion with our old pal, Ned. We recorded this late last...
When we last spoke with John Lee, commodity prices were moving higher as the war in Ukraine was just getting underway. Yes, it was that long ago! Much has changed in the past two years and John is here today to fill in the details, update the company's progress and let us know where sees the company heading in the months to come. It has been a tough two years for almost every mining and...
It may not feel like it but we actually managed to paint green weekly candles onto the weekly charts of both CDG and CDS. I'll take it! And now we get ready to tackle an odd week ahead with some interesting data, Goons galore and a mid-week US market holiday. But before we can take on next week, we have to wrap up this week. Let's start with this compelling conversation with Judy Shelton. If you...
You may not be able to listen to every podcast and I certainly understand. We're all busy. However, if you'd listened to yesterday's podcast, you might have been mentally prepared for today. To that end, today's podcast might help to prepare you for what comes next in the back half of this month and next. What do I mean by that? Two things: There are no universal truths in trading. Instead,...
Well, we made it. We survived another FOMC day with our sanity relatively intact. The bad news is that Jerry and his Goons tried to sound all tough and hawkish. The good news is that it will be football season before we have to endure another FOMC with a SEP and a dot plot! So let's just dig right in. After a summary of the day's events, we discuss these two links: https://www.zerohedge.com/...
The stage is set for a very volatile Wednesday with the latest CPI report in the morning followed by Jerry and The Fedlines in the afternoon. What might we hope to see out of the Comex PMs? Come on in and let's talk about it. For today, we just dive right in. These daily podcasts have been stretching out a bit in length as of late and I need to reel them in a little. These two links: https://www...
Fears of a further selloff today failed to materialize as Comex precious metal prices rebounded a bit from the thrashing they took back on Friday. Now we await the return of Shanghai trading overnight before shooting our gaze toward a volatile Wednesday of inflation data and Goonspeak. For today, we simply try to get caught up and then begin to look ahead. We first discuss these three links:...
Just another in the current string of boring, light volume days for Comex gold and silver. Maybe tomorrow can bring something to give us a rare green candle? Maybe. Let's talk about it. As you can see, today's podcast was recorded a couple hours earlier than usual. Why? It's simply too nice of a day where Turd lives and he refuses to spend it inside when another winter is pending. As such, we...
The week is already 40% finished but the main work will be done in the remaining 60% so please be sure to take a few minutes to listen to today's podcast in preparation. For today, a recap of the quiet day that was before we begin the look ahead to tomorrow and another update in inflation here in the U.S. The CPI is due at 8:30 ET so be on the lookout for considerable volatility at that time and...
Oh boy, here we go. Your host is amped up on coffee and ready to wrap up what was a pretty boring week. Usually, I'm typing this time of day and the caffeine gets vented through my fingertips. Not today. Instead, it's this podcast. But don't worry. There's no profanity or angst. Just a tired old guy who's in desperate need of a rally in order to spark some enthusiasm. You probably feel the same...
It was an unusually quiet day with Dec23 Comex gold persisting within just a $7 price range. While that's preferable to a $40 downdraft smash, it's certainly an odd occurrence for early September. Maybe this will change tomorrow? You never know what headlines might pass and create volatility. But it's more likely that tomorrow passes quietly, too, ahead of what will be a busier week next. For...
The Comex silver has now fallen for five, consecutive days and it's starting to feel like another one of those multi-week losing streaks where there are rarely any upticks and even fewer green candles. Let's hope that this isn't the case as we've already dealt with lengthy washouts on several occasions this year and another one might be enough to send me to the nuthouse. There's really not much...
The shortened week begins with a thud as the POSX continues its rally off fo Friday's bogus economic data. But it is what it is and we must accept the damage these past two days have done to the charts. For today, we start with a reminder the the POSX has rallied 1.50 and rates have surged by 20 basis points...all since the manufacturing PMIs were released back on Friday. How big of a scam was...
It's a three-day U.S. Market holiday weekend and it's somewhat of a tradition around here to bring in Jim Willie. So, here you go. I had a time crunch in recording this podcast so we had to stick to a pretty strict schedule. However, there's still about 50 minutes of free range Jackass here and that's a lot to digest while you're flying, driving, walking on a treadmill or doing whatever else you...
Your host has had it and he needs a few days off to clear his head. So here you go. Rather than sit around here all afternoon and wait for the CoTs before getting started with your podcast, I thought I'd just get it over with and add the CoT info later. Besides, we have some friends in from out of town and MrsF has issued an ultimatum regarding my time today. That said, let's just dig right in...
The POSX bounced back today...as we figured it would...and the Comex PMs pulled back today...as we figured they would. So now what happens tomorrow? As you know, I'm expecting a "below expectations" US BLSBS and, if I'm right, we should finish the week pretty well. However, if I'm wrong... Well, let's just hope that I'm right. Here again is the chart of last year's birth-death adjustments vs this...
After some early volatility, today turned out as just another doldrum and Dog Day. Tomorrow is likely to be similar, after another data dump at 8:30 ET, with volatility to the downside, instead. All of this simply sets the stage for Friday's BLSBS and the 3-day weekend that follows. So for today, there's really not that much to discuss...though, of course, we still find a way to fill 18 minutes...
Well I sure hope you listened to yesterday's podcast as the charts and prices discussed sure turned out to be helpful in assessing the action today. However, if you missed yesterday, that's OK. We'll go over the same charts again today so that we're all on the same page before we take on the back half of the week. You'll recall that the central thesis of this year's macrocast was that the first...
What should be the only dull and boring of the week is now behind us. The day played out in the same manner we've seen several times this month...a drop after the Comex open and into/through the 10:00 am ET period. After that a rally and then falling and sideways the rest of the day. Again, though, the volatility will begin to ramp up tomorrow with the latest JOLTS data at 10:00 ET. Ahead of all...
We survived the week. Even though rates were higher and the POSX was higher, too, both Comex metals were able to paint green candles onto their weekly charts for the first time in a month. I'll take it! Next up is a very busy week ahead before we can take a few days off to celebrate the end of summer. And I mean it...next week is going to be very busy with market-moving data and news every single...
Ahead of Jerry's Jackson Hole speech tomorrow, I thought it would be fun to get some perspective from Steph Pomboy. Steph is a realist with a solid grasp on how the U.S. economy is handling all of The Fed's rate hikes over the past 18 months. Ahead of the MOPE and SPIN that you'll get from the financial media tomorrow, you should be sure to listen to this podcast today. It has been a pleasure to...
What a crazy day this turned out to be! We got a strong rally and a short squeeze in Comex silver as well as more evidence that the U.S. economy is going off a cliff. But that wasn't all. There was major geopolitical news this afternoon and the situation is something that must now be monitored very closely in the days ahead. So we try to touch all of the bases in this podcast. Again, the action...
Oh boy, do we ever have a hot one today. Could it be the longterm heat wave that your host is dealing with? Could the heat be causing him to lose is mind? Maybe. Just know that there's A LOT of emotion, invective and anger in the first few minutes of this podcast. And I warn you about this because I don't want to get a bunch of emails about how I shouldn't swear and how my occasional profanity...
It turned out to be a pretty good day for the Comex metals, particularly Comex silver. In the past, we've noted silver leading gold both up and down. Could it be preparing to lead the way out of the current morass? I think so. Come on in and let's talk about it. For today, a discussion of all this and the week ahead. Included is this link: https://brics2023.gov.za/brics-summit-publications/ These...
The week has drawn a close and the end of the Dog Days is drawing near, too. As such, let's wrap up the week, check the charts and review the CoTs as the action should begin to pick up a little next week. For today, this link: https://finance.yahoo.com/news/jpmorgan-spoofer-sentencings-delayed-judg... These images: These charts: And, of course, your increasingly-bullish CoTs: I hope you have a...
Comex gold finished down again today, making that nine consecutive red candles and marking its longest losing streak since March of 2017. Yuck! Is there any hope in sight? Of course there is. Come on in and let's discuss. For today, a longer podcast than usual, though I'm not sure why. Just a lot to talk about, I guess. So, after what must have been a lengthy general discussion, we take a...
It's a little early for a daily summary podcast but I need to take advantage of today's weather and get outside this afternoon. The minutes of the July FOMC meeting are pending for 2:00 ET so please give this podcast a listen sometime before or after their release. Toward the end of this podcast, we discuss the short term charts and levels to watch if the Comex PMs are going to break out of their...
It's Groundhog Day in August as today unfolded just like yesterday...which was nearly identical to Friday and just a continuation of what we saw all of last week. So, is there anything interesting to discuss? Of course there is! Come on in and have a listen. For today, no outside links or articles. Just a general discussion of the ongoing Dog Days before we dissect all of the images and charts...
The Dog Days continue. As such, if the POSX keeps mono higher, the Comex PMs are going to keep moving lower. However, the Dog Days won't go on forever and next week is going to bring a whole new set of circumstances to deal with so let's get this new week started with this summary podcast. For today, just a recap of the excruciatingly dull, AlgoHell trading day. The rest of this week may bring...
It was a dismal end to a dreary week but we got some good news as markets were closing so please be sure to come on in and have a listen to this podcast sometime over the weekend. The good news, of course, is the latest update to the CoT report. As usual, a washed out CoT is the only bright side to a prolonged Spec dumping and that's where we are now. The stage isn't set quite yet for another...
The latest CPI report has come and gone with no change in sentiment or price direction for the PMs. After initially falling, the POSX reversed nearly a full point with interest rates rising, too. The result was just another dog day in the barrel. What's new to discuss today? Not much but we found a few items. First, these five images: TF
Wash, rinse, repeat. So how was today different from yesterday? The news flow was dreadful and the mood of all of us in the PM space is just about as bad. We'll now wait for the latest US CPI report tomorrow, knowing in advance that if it comes in even slightly hotter than expected, the Comex PMs are going to get blasted again...for what will be about the tenth day in a row. For a general...
It was another dreary and dreadful "dog day" as Comex silver was slammed again and is now down nearly 9% for August...and it's only the 8th day of the month! I figured the least I could do to cheer you up would be this KWN-style feature photo. So the POSX rallied again today and the Comex PMs were pounded lower. Sounds a lot like every other day from the past three weeks or so. The Banks have...
The new week begins with a continuation of a trend from the past two weeks. Namely, The Banks continuing to apply selling pressure to all of the Spec longs that rushed into Comex silver as the POSX fell back in mid-July. This is the primary topic of today's podcast and we also discuss when this washout and flush might finally end. We also discuss these two links: https://wallstreetonparade.com/...
We first met Lester Esteban back in February and he stops by again today to give us a progress report on his company, Traction Uranium. If you missed our first discussion from earlier this year, here's the link: https://www.tfmetalsreport.com/podcast/11945/special-podcast-lester-este... In the time since we last spoke, there have been a number of positive developments for Traction Uranium...
We survived today's BLSBS just fine and now we set our sights upon next week's CPI data. Let's wrap up this week and prepare for the next with this summary podcast. This is being recorded and posted earlier than usual and I'll be sure to check back later this evening and add the latest CoT data below the charts. For now, though, it was nice to see come so close to the targets we've been...
Tomorrow is another BLSBS Friday and it's going to be a very crazy...and very interesting...day. So please be sure to listen to this podcast as we discuss some specifics on what to expect and how this will impact precious metal prices in the near term. For today, a thorough discussion of how the Fitch downgrade has led to a massive selloff in the long end of the U.S. treasury market. This is...
It was another brutal day for Comex Digital Silver so, as you should expect, it was a brutal day for almost all mining shares, too. And when the POSX is following nominal interest rates higher, you should also expect periods like the one we are currently in. The good news, however, is that this current, 15-day torture session has almost run its course. Why/how can I say that? Well, come on in and...
With the conclusion of Summer Sabbatical, your host returns today with the usual daily podcast summary and review....and there is a lot to discuss. Let's start with these two links. The Fed released the latest Senior Loan Officer Survey today and it was quite revealing in terms of the direction of the overall economy. https://www.federalreserve.gov/data/sloos/sloos-202307.htm https://www...
It has been a crazy week but it's finally over and it's time for a weekly wrap-up podcast. Thanks again to everyone for your patience with the schedule through my annual "summer sabbatical". We'll get back to the usual and regular schedule on Monday but, for now, here's a summary of the week that was and a look ahead to the week to come. After a general discussion, we also review these seven...
It's a big day but that doesn't mean that there's not time for a quick summary podcast to wrap up the week and get you ready for a busy week next. For today, a general discussion of today's events and next week's schedule, followed by a review of the images and charts below. I hope you have a relaxing and peaceful weekend. TF
The Comex day began poorly but ended well as the POSX couldn't mount any sort of sustained rally and the bond market rallied back, too. Tomorrow will bring the latest update on retail sales so expect some volatility but be sure to keep your eye on that POSX. Just the fact that the POSX could fall nearly 4% in six trading days...and then not be able to bounce at all...is noteworthy. However and as...
Back in April, we brought in Max Porterfield to introduce you to his company, Callinex Mines. There have been several, exciting developments in the time since so it seemed like a good idea to get an update. You might start by reviewing the audio from April Here's the link: https://www.tfmetalsreport.com/podcast/12057/special-podcast-max-porterf... From there, please take a look at the latest...
Well, what a week that was. A steep drop in interest rates and the POSX led to strong gains in both Comex precious metals. It's now almost certain that the latest "higher lows" have been painted so, where do we go from here? Come on in and let's talk about it. For today, a wrap up of all that has occurred this week and a reminder that The End Of The Great Keynesian Experiment is upon us. After...
It was a great day for all commodities as the POSX broke down below 100. Comex gold, however, was staunchly capped within a trading range that was often as narrow as just two to three dollars! What will tomorrow bring? Well, the POSX has to bounce at some time, doesn't it? Doesn't it?!? For today, a recap of all of this...a recap that still managed to consume nearly 21 minutes. Hang with and hand...
It was a green day across the board as the metals and miners surged forward on decreased interest rate hike expectations. Bonds rallied and the POSX fell, thus giving the charts the look of a "higher low" with better times ahead. But none of this should come a surprise to all of you here. The recent Fed rhetoric of a "hawkish pause" was nothing but attempt to jawbone rate hike expectations higher...
As expected, it has been a very quiet start to the week. However, all of the calm and low volatility is going to come to a screeching halt tomorrow at 8:30 ET when the latest update on US inflation is reported. So be ready and look sharp. For today, a shorter-than-usual podcast. I'm sure we'll make up for that tomorrow. A discussion of the day's events and then all of these images. Good luck...
It was mostly a typical, light volume summer day with a 1% range in CDG and a 2% range in CDS. Noteworthy? No. A little boring? Yes. Preferable to getting smashed for $30? Absolutely. And today may bring more of the same as there is no economic news on the schedule. However, Wednesday will bring the CPI so we know that the string of dull days is going to end at two. For today, just a general...
GoldMining, Inc. is a company we've profiled before and, like so many other exploration companies, it has had a challenging year thus far. However, the fundamental valuation of this company presents an opportunity unlike its peers so the CEO, Alastair Still, stopped by last week to remind us of what makes GoldMining, Inc. such a unique opportunity. So we go a little old school on this one...back...
Longtime friend and Turdite Tom Luongo stops by today to provide a mid-year update. In our most recent discussion, Tom suggested that The Fed was going to keep rates higher for longer and, thus far, he has been absolutely correct. So where do things head from here? Come on in and have a listen. First of all, here's a link to the podcast we recorded with Tom back in January: https://www...
It was a lousy day but, frankly, it could have been a lot worse as the bond market sold off and the POSX rallied. But today is over. Tomorrow is when the fun starts with an abundance of economic data that will have the potential to really shake things up with volatility in either direction. For today, though, just a recap and look ahead. We discuss these two links: https://www.sprottmoney.com/...
Our old pal, The Golden Jackass, stops by for his annual mid-year update. If you've been around TFMR for any length of time, then you know that we like to bring on Jim Willie whenever we have an extended, U.S. market holiday weekend. Tuesday brings Independence Day but Monday is Canada Day so this means that things are going to be pretty quiet until Wednesday. As such, here's about 45 minutes of...
It's going to be a long holiday weekend and your host is ready to get it started. We've had a nice day and there's no sense in sitting around all afternoon, watching a very quiet Globex trade. So here's your podcast summary, even though the Comex is still open for a another hour or so. We survived all of the data today and are looking to finish the week with a green candle. This sets us up for a...
The day began with a ridiculous jump in the final estimate of Q1 GDP. No one in the financial world seemed to question the 50% increase (from 1.3% to 2.0%!) and this allowed for a massive selloff in bonds and the Comex precious metals. As the day progressed, the bond market continued to dump but at least the Comex PMs were able to bounce back a little while the GDX was actually green and up 1.5...
It's an awkward day so we're morning post with your afternoon podcast. And why was the day awkward? Because I spent about 90 minutes listening to that Q&A session with Jerry, Christine, Andy Bailey and the Japanese guy. It was brutal but I managed to survive. Here's a summary from Bloomberg: https://www.bloomberg.com/news/articles/2023-06-28/powell-lagarde-boe-s-... All of the rhetoric and...
The stage is set for an eventful and possibly volatile Wednesday as Jerry Powell meets with ECB leaders and discusses policy. What will he say and how will the currencies react? Come on in and let's talk about it. For today, a discussion of the day's events and the price action that saw both Comex digital metals close well off their intraday highs. We start with these three images: Next, we cover...
Well, that was a lousy week and the only good thing I can say about it is that it's over. However, when it's all said and done, I've noticed that my stacks are just as shiny and valuable as they were back on Monday so why should I let teh week that was ruin my weekend? And I'm going to have a busy weekend. Already MrsF has a lengthy list of tasks for me to complete...this afternoon! So let's dig...
Today brought more Comex-based selling and, with it, another plunge in price. However, we may be getting close to a sort of "capitulation of patience". What do I mean by that? Come on in and have a listen. For today, we begin with an update on the schedule for tomorrow so please be sure to listen to the first couple of minutes. From there a general discussion that includes these links: https://...
The Comex precious metals were severely beaten for the second consecutive day, this despite stable interest rates and a falling POSX. So, what's the deal? Well, it's that time of the month. No, not that time of the month. It's expiration time! Monthly Comex options expire in a few days and the Jul23 silver contract goes off the board and into "delivery" next week. That alone is incentive enough...
In a clear and obvious manipulated takedown, the Comex precious metals were driven lower today on the report of a surge in US home building. Hmmm, that's interesting. But of the US economy is so "strong and robust", then why were interest rates and industrial commodities lower today? That's a good question. Let's discuss it. For today, that's pretty much it. The LIES, SPIN and MOPE of a corrupt...
When I first got into this precious metals stuff back in 2009, Andrew Maguire was this mythical figure...the "London Trader" who tipped off Bart Chilton, leading to an actual CFTC hearing on precious metal price manipulation. To say that it is an honor to now consider him a dear friend is an understatement. Andy continues the fight against The Banks to this day, tirelessly carrying the flag now...
We made it through the week and a US market holiday weekend awaits but, first, lets wrap up the week and review the charts so that we're all prepared for the week to come. For today, I'm not sure how this podcast ended up clocking in at 22 minutes. I guess we had more to discuss than I originally thought. Regardless, after what must have been a thorough discussion of the events of the day and the...
A change of plans and change of schedule. After the events of the day...and with Monday being another US market holiday...I thought we should record a podcast summary today and slide the Andrew Maguire audio back to Monday. So please come on in and take a few minutes to check out this podcast because today was a very interesting day. No sense dillydallying. Let's just summarize things with a...
Well, thank goodness that's over with. The Fedlines have come and gone and the rhetorical BS was laid on pretty think. But your host managed to survive with his sanity intact so come on in for today's podcast where we lay out what The Fed said versus what The Fed will actually do. For today, it was all about the Fedlines. However, for tomorrow, it's all about The Countess and the datapoints. So...
After a solid start to the day, things turned around after a report in the WSJ that suggested at least one more rate hike was pending from Jerry's Fed. This sent bonds tumbling and the Comex precious metals followed them into the toilet. As we discussed last week, really about the worst case scenario for our mental health would be no hike tomorrow but a suggestion that there would be one in July...
Well, that's over. The last of about six, consecutive quiet days is behind us and now we await four days of madness and volatility. The fun begins tomorrow at 8:30 ET with the latest update on consumer prices in the U.S. so please take a few minutes to listen to this podcast as preparation for a very busy day. For today, though...not so busy. A quiet, light volume day ahead of tomorrow. As such,...
Well, this week is nearly over and a necessary weekend awaits ahead of what will be a wildly volatile week next. So let's put a bow on it and wrap it up so that we can all start the weekend a little early. For today, not much has changed since the morning post. Prices have been mostly sideways in the hours since and, barring any unforeseen circumstances, they should continue mostly sideways...
In a welcome development, both Comex digital metals surged higher today on the back of a very weak initial jobless claims number. The bond market rallied and the POSX fell which allowed both metals to reclaim all of their losses from yesterday...and then some. And now we head into the Friday close with the distinct possibility of green weekly candles for both CDG and CDS. While that may not mean...
What a day. What a very frustrating day. But, as with almost every dark cloud, there is the proverbial silver lining. What is that? Come on in and I'll tell you. For today, here's a ZH link to what drove us all crazy/mad earlier today: https://www.zerohedge.com/markets/bank-canada-ends-pause-unexpected-rate... We discuss that story and the implications via a review of the four images below: Here'...
Today brought a very tight range in Comex gold prices and a general malaise across all markets...but that doesn't mean we have nothing to discuss so please come on in and have a listen to today's podcast. No much economic news today and not much expected tomorrow, either, so we fill this podcast with items you're unlikely to hear anywhere else. First, all of these images: And these five charts:...
It was a quiet day in terms of news but it was an active, healthy day for a bounce in the digital precious metals. After the post-BLSBS beatings of Friday into early today, prices have now recovered more than half their losses. What will tomorrow bring? Come on in and let's talk about it. The key today was the lousy economic data. Just as Friday's BLSBS was seized upon to spark rate hike odds,...
Oh boy, oh boy. Another BLSBS Friday Beatdown as the "jobs report" has now managed to "beat expectations" for a truth-defying, fourteenth consecutive month. And here's a fun fact...Comex gold is now up $135 year-to-date even though the combined losses of the six BLSBS Fridays thus far total $91! LOL! Seriously. LOL! All you can do is laugh. So we begin, of course, with a discussion of all this...
Rate hike expectations are receding, nominal rates are falling, the POSX is tumbling and the Comex PMs are rallying. Sounds good, right? Yes, it does. However, tomorrow brings another BLSBS and, if birth-death history is any guide, then we should expect the 14th consecutive "beat of expectations". How will that impact rates, expectations, the POSX and the PMs? We're just going to have to wait to...
Today was a very interesting day but, really, it was just a warmup for what will be two very volatile days to wrap up the week. As preparation, please be sure to give this podcast a listen. As you've no doubt seen, prices have been volatile today. Spiking higher, plunging lower. Grinding higher, grinding lower. Prices are still up as I type but now well off their highs: For today, a recap but...
It's always fun to have a Monday holiday as it makes the new week start on Tuesday and Friday seems that much closer. Between now and the end of the week, however, there's all sorts of stuff to drive the Comex PMs so please come on in and have a listen to today's podcast. For today, a recap of what has happened and a discussion of what's to come. We first cover these two links and tweet: https://...
With prices being down every day this week, the best thing we can say about tomorrow is that it's a Friday before a 3-day market holiday weekend. Can prices recover a little bit before the weekly close? Yes, they can...but much will be determined by the reaction to the massive economic data dump that's coming at 8:30 ET. For today, a podcast that was recorded before the NYSE closed. And why not?...
It's great to be back at Turdfork but it's definitely not great to have to watch another day on endless selling pressure on the Comex digital metals. It's like February in May! However, this certainly leaves us with no shortage of stuff to discuss so let's dive right in. These four five six links: https://www.investing.com/news/commodities-news/silver-seen-at-30oz-over... https://moneyweek.com/...
The new week begins with renewed selling pressure as many of the same shorts that just got squeezed last Friday appeared to gradually reestablish positions today. Will they get squeezed again this week? Probably...but not without first moving prices back down toward what might become double bottoms on the daily chart. For today, a discussion of all this plus a review of the current madness. We...
The best thing we can say about this week is that it's almost over. To that end, today let's try to summarize where we are and what has changed over the past two weeks. It was just two weeks ago that Jerry seemed lost, rate hikes were finished and the regional bank crisis was worsening. Now, all of those issues have been cast aside. The POSX is rallying, interest rates are soaring and all...
Here's your Thursday conversation...recorded on Tuesday and posted on Wednesday. Our old friend, Mickey Fulp, has been a terrific and independent voice in the mining sector for years. Like all of us, though, he has grown frustrated and a little disillusioned at the junior resource sector and the markets where those shares trade. To that end, he's pulled back some on his efforts and he's here...
It was a No-Fun Tuesday as relentless selling pressure brought about that same old, 45-degree down angle for price. How come we never see any day-long, 45-degree up angle patterns? Well...you know why. For today, it's just another day in the barrel as we wait out The Fed in anticipation of higher prices in the second half of the year. As a reminder...and discussed again in this podcast...in...
Day One of Goon Week is in the books and, hopefully, we all managed to survive it with our sanity intact. However, Tuesday brings another full slate with as many as FIVE scheduled Goon appearances as well as some interesting economic data. Let's get ready with this podcast. For today, just a wrap-up and summary that includes these four images: And then just these five charts: Thanks for listening...
The week has finally come to an end and yours truly has a date with Uncle Tito. First things first, however, so inebriation must wait until after this podcast. So let's not waste any time. Here are two links: https://finance.yahoo.com/news/another-downgrade-of-americas-credit-rati... https://www.zerohedge.com/markets/us-bank-deposit-outflows-continue-smal... Here are three images: Here are nine...
Oh my goodness gracious. After early week doldrums, tight ranges and minimal volatility, suddenly TODAY the urge to dump digital derivatives became overwhelming. In the end, it's just the same old bull market pattern two-steps-forward-one-step-back higher highs and higher lows....but watching it play out in real time is enough to drive you mad. Look, I suppose I could go over AGAIN how this type...
Another very frustrating day in the Comex metals with shades of silver in January as clear Bank price capping was evident through most of the post-CPI trade. How can I recognize clear manipulation efforts after all these years? Well, when all of the Spec HFT algo inputs should lead to buying, yet their bid is relentlessly overwhelmed by matching/exceeding offers, then you know that someone is...
It was another light volume day as machine and carbon-based traders seemed reluctant to place sizable bets ahead of tomorrow's update on consumer inflation in the U.S. That latest CPI report is due tomorrow at 8:30 ET and news...and reaction to it...will drive price all day. Ahead of that, this podcast includes a general discussion of what I expect as well as a review of the seven images below:...
It was a dull, lifeless, light volume Monday but I guess we shouldn't complain, given how busy last week was. However, this week is going to heat up, too, perhaps as soon as tomorrow so please come on in and have a listen to today's podcast. For today, a recap of the day's events...which doesn't take too long given the short list of said "events". We cover these two links on that SLOOS data:...
It's finally Thursday and tomorrow brings the end of a volatile week and the latest "jobs numbers" for the U.S. There's reason to suspect that this report will come in "better than expected" so please be sure to give this podcast a listen ahead of what will be a very interesting Friday. It was another wild day of geopolitical, economic and banking headlines. The bond market rallied again while...
Jeezo-weezo, what a day we had! It's hard to know where to even start with a podcast summary? And then, just a few minutes into recording, news broke that PacWest Bank is exploring "strategic options". It was just two hours earlier that Jerry claimed "a line can be drawn under FRC" as the final of the three possible bank failures! Is he really THAT clueless? Holy Toledo!! https://www.zerohedge...
Oh, boy. Things are getting wild and wacky and The Fed is poised to hike again tomorrow as if everything is simply sunshine and lollipops. What a day ahead we have in store and the remainder of the week will be a doozy, too. So, for today, just settle in. We've got a lot to cover in these 19 minutes. A general discussion of the madness and then all of these images and charts. Please be ready for...
I'd like to take a moment to wish everyone a Happy Socialist Worker's Holiday. Now get back to work. But it was no holiday for The Bankers today where, unless you work for Jamie Dimon, you probably had a pretty tough day. Contrary to well-publicized sentiment, the Banking Crisis of 2023 is NOT over. Instead and as we've been discussing since March, it has only just begun. For today, a discussion...
Here's something new for your weekend enjoyment. We first met Alastair Still a few years back when he became CEO of Gold Mining, Inc. That company has recently spun off a very promising resource and made it into its own company. Why did they do that? Come on in and have a listen. The new company is called U.S. GoldMining and it just went public last week. It's a very compelling situation so I was...
We are just one day away from wrapping up the month of April so come on in and have a listen to this podcast as we prepare for Friday. And it's going to be another interesting/challenging day. We get a bunch of data at 8:30 ET and then, of course, the LBMA options price off the final April PM Fux at 10:00 ET. After that? Maybe we can make a run at painting green candles on the monthly charts. For...
Our friends at APMEX have been longtime supporters of our efforts here at TFMR. What's great is that they often provide "boots on the ground" physical market updates for us, too, and that's what we have for you today. You'll recall that we've had APMEX Director of Business Development, Patrick Yip, on here before and he stopped by again yesterday for this update. Over the course of this call,...
It has been a frustrating day as the Comex PMs failed to pop on a diving POSX but then got pounded as the POSX bounced back. Maddening stuff but likely due to a lack of speculative interest given the pending release of the Q1 GDP data and March PCE. We discuss this today and then speculate on how the PMs might respond should either datapoint come in higher than expected. If they do, we'll likely...
And with that, another Comex option expiration day is finally behinds us with prices closing easily within 1% of where we predicted they'd be eight days ago. Now we move on to the rest of the week and it promises to be quite interesting with all sorts of economic data and renewed concerns for the banking sector in the U.S. We discuss all of that today and try to put it into context. We also...
The new week begins with carryover action from last week as Comex gold is still being aggressively capped into tomorrow's Comex option expiration. It won't stay capped forever, though, and the action later this week and into next will certainly be interesting. For now, though, let's just put this day behind us with a general discussion of the day's events, followed by these twelve screenshots and...
We've known Max Porterfield of Callinex Mines for over seven years now and he has been kind enough to appear on this podcast page on multiple occasions. Max returns today to report some amazing updates and drill results as his company explores for copper, gold and silver in Manitoba. This, of course, comes at a time when copper is an increasing focus for all of us here at TFMR. I've spoken with...
We knew it was going to be a non-fun week and it was. Actually, it wasn't half bad until today, when The Banks took charge and hammered the Comex PMs backward in obvious preparation for today's final PM Fix of the week and next Tuesday's option expiration. So let's just get this over with. For today, these three tweets: These charts: And here are your CoTs: And one more thing...Please be sure to...
Another early podcast as we break from the usual schedule again today. However, this does NOT mean that there's nothing to discuss so please come on in and have a listen as we prepare for tomorrow's weekly close. For today, just your usual discussion of current events and the day's price action. Be sure to follow along with the intraday charts of CDG and CDS, though, as they betray The Banks...
I'm going to be out of the office all afternoon so here's today's podcast...recorded a little earlier than usual and containing a little treat of extra content. For today, a brief summary of the day's events and then a discussion of all the information below: https://www.sprottmoney.com/blog/COMEX-gold-options-sweet-spot-April-18-... https://www.silverinstitute.org/total-global-silver-demand-...
The Comex PMs managed to bounce back a little today despite the interference of a few mic-grabbing Goons. What's next? We cover that today as well as a few other items below the surface that have caught my attention. So let's just dig right in. After a general discussion of price and other curious developments, we take a look at these three links: https://www.zerohedge.com/markets/will-not-be-...
We often joke about "miss a day, miss a lot" but there's an abundance of information in this podcast and on this podcast page so please be sure to take some time to listen and then scroll through all of the links and charts. For today, we begin with these screenshots and Twitter embed: Big multipolar drop from ECB's Christine Lagarde this afternoon signalling the potential suspension of...
The began with a smash and it ended with a smash. In between, it was pretty good leaving a mixed bag of results with CDG down a little but CDS and GDX up a little. What will next week bring? Come on in and let's talk about it. For today, a recap of how The Banks dilute the open interest during price rallies and the look to rinse The Specs from time to time. This is what happened today. It wasn't...
Alasdair Macleod had been a friend of the site for about as long as there has been a site. We like to touch base with him a few times per year as his wisdom and experience is invaluable in these turbulent times. If you're not familiar with Alasdair, you should be. He's Head of Research at GoldMoney and you can find all of his work there: https://www.goldmoney.com/research His latest article,...
We survived the CPI, multiple Goons and the release of the March FOMC minutes. Now can we survive the PPI and the rest of the data to come before the week finishes on Friday or will The Forces of Darkness overtake the Comex and successfully smash price backward? But that's for tomorrow and Friday. For today, let's just wrap things up with the usual general discussion that leads to these five...
A nice bounce back today in the Comex metals ahead of tomorrow's important update on consumer price inflation here in the US. What's most encouraging is how CDG has been able to hold above $2000 while CDS remains above $25. The stage is set for a nice continuation of the rally tomorrow IF we can get the number and POSX reaction we need. We'll see. The fun begins at 8:30 ET. For today, these five...
The new week begins with us playing catch up with the delayed reaction to last Friday's BLSBS. In the end, it seemed to work to out benefit that the US markets were closed that day. So let's dive right in with this podcast as time has gotten away from me and it's getting late. For today, a general discussion of the events since Thursday and the market reaction in the Comex PMs that could have...
It's a three-day market holiday weekend...and that's a good thing, too, considering that the BLSBS came in at expectations and, as such, the Comex metals would likely be down today. But we don't have to worry about that until Sunday evening or Monday. For today, though, if you want to read about the BLSBS, here's the ZH summary: https://www.zerohedge.com/markets/march-payrolls-lowest-27-months-...
The week comes to an end with another set of healthy, green candles for the weekly charts. What will next week bring and what impact, if any, will carry over from tomorrow's BLSBS? And that's the big question? Will the markets "remember" the BLSBS data by the 6:00 pm futures re-open on Sunday evening? Maybe. Of course, if it's another massive beat of expectations, you know that CDG and CDS will...
Comex gold posted its third-highest daily close of all time today after the latest JOLTS jobs data showed a rapidly weakening US employment situation. We'll wait, of course, for Friday's BLSBS, too, however the idea of rate cuts as soon as June is now rapidly taking hold. What a day. Comex Jun23 gold closed at $2038.20 and spot s near $2022. For the sake of comparison, the only two higher closes...
The week begins on an uptick that was muted because it actually began last evening on a rather sharp downtick. It took a lot of effort to recover from the beating that the Comex PMs took in the first three hours of trading on Sunday evening. CDG was able to make it all back and then some by posting a $15 gain on the day. CDS on the other hand just couldn't make it happen...though it tried. For...
The month of March ends with a new all-time closing high on the quarterly chart of Comex gold. This is a very happy and positive development that we should all relish through the weekend...and then come back Monday, ready to go as April and Q2 begin. For today, just a thorough summary of the day and the week before walking through all of these charts: And then I hope you're able to follow along...
Once Mr. Slammy left town this morning, the Comex metals were able to rally back toward some of their highest levels all week. This sets the stage for a very interesting Friday as we paint the tape with monthly and quarterly closes that may be noteworthy. For today, just a general discussion of the day that was and the day to come. After that, these six images and six charts. Thanks for listening...
It's late and time is short...not only for me but probably you, too. So let's just dive right in and sum up the day ahead of what will almost certainly be a volatile end of the month and quarter. Today was pretty quiet, though, which allows us this shorter-than-usual podcast. Just this link and chart: https://www.sprottmoney.com/blog/Continuing-Copper-Coverage-March-29-2023 And then these five...
Jason Burack has been investigating and following The Fed's financial games for over a decade. So, when he reached out last week and offered to share his expertise on the current situation, I was quick to set up this podcast. First of all, if you're not familiar with Jason, now is the time to get acquainted. He maintains multiple platforms for his content. You can find him by visiting his website...
The week begins with expiration selling pressure, particularly in Comex gold. However, as he last week of the month and quarter, you can be certain that it's going to be a volatile and where we are by Friday's close is likely not where we are currently at Monday's close. For today, an earlier-than-usual podcast due to a late afternoon dental appointment for yours truly. With the NYSE about to...
A long and volatile week mercifully comes to an end. So let's sum it up and wrap it up and then begin to prepare for the final week of the month and quarter. For today, your host is eager to call it a week but not first without discussing the week that was and the week to come, specifically the next set of Comex expirations, the looming parade of Goons and the usual end of month/quarter...
Our old pal, Denver Dave, stops by and his timing is perfect. With all that's going on in the banking sector, I can think of no one better to have as a guest today. If you're somehow unfamiliar with Dave, you can find more about his background, experience and newsletters by visiting his website . You heard me repeatedly state the necessity of finding independent and objective voices. Well, Dave's...
The Fedlines came and went then Jerry rambled on. However, all of this was upstaged by a late day appearance by Mother, who proceeded to spook the stonk market with some comments that seemed to directly contradict the "assurances" she gave just a few days ago. What does this all mean? That tomorrow is going to be volatile again. It also means that you should be very happy with your decision to...
As we eagerly await "THE MOST IMPORTANT FOMC DECISION OF ALL TIME!!!", I figured that today might be a great day to go over the CoT reports again. Why? They usually come out late on Friday and they are usually discussed at the end of a very long weekly wrap-up podcast and I probably rush through them too often. So, the audio on this page is a second attempt to explain the changes in the most...
A very crazy week continues. However, your host is somewhat surprised that he was able to pull it together into a reasonably coherent and helpful podcast. It's pretty thorough and more lengthy than usual so please give it a listen ahead of what will be a volatile and eventful Wednesday. For today, there was a lot to discuss so let's just dive right in. First, these two links: https://www...
As what will be a crazy, news-filled week begins, it was somewhat challenging to get my head around things. As such, please bear with me as we sort through the day's events and attempt to get grounded ahead of Wednesday's FOMC. Many thanks again to all of you for your support and prayers over the weekend. We begin this podcast with a little update on personal items and then the primary podcast...
Oh boy, well, who's ready for the weekend? I'm not sure there's going to be much rest and relaxation on my end but I would strongly encourage you to step away until Sunday and catch your breath...but only after you listen to this podcast, of course. For today, just a general discussion that probably only touched upon a third of what is out there but, in for the sake of time, I tried my best...
John Titus has been a friend of the site for quite a while but we've not had an opportunity to visit with him for a couple of years. We fix that issue today and what great timing! With all of the current banking "stress", I can't think of a better guest for this week's Thursday Conversation. You'll likely recall John from all of the forensic analysis he provided on TARP and QE a few years back...
It's a crazy day in CrazyTown so we have this crazy podcast...recorded and posted a little earlier than usual. Please be sure to have a listen. For today, a futile attempt to summarize all that is going on in the general discussion part of the show. And things are moving so fast, it's hard top keep up and stay current, anyway. Next, a mention of these four screenshots: And then all of these...
We survived the latest CPI report with most of our gains from yesterday intact. But again and as always, it's not how you begin the week that matters. To that end, let's look ahead to tomorrow and see what comes next. What comes next is another 8:30 ET data dump of PPI, Retail Sales and the Empire State Manufacturing Index. These will move the markets so look sharp. Remember, the March FOMC...
We have certainly been born into interesting times...and today was one heck of an interesting day! But what does it all mean and how can we begin to plan ahead for the remainder of this year and next? Let's talk about that today. You won't be surprised by the primary points of this podcast. In fact, I thought it worthwhile to go back and discuss again some of the stuff from Friday's podcast. Why...
Well, what a week we had. Some of it played out as expected, some of it did not. And now, how about a good old fashioned banking crisis? I didn't have that on my bingo card for the week. Did you? What a day. And what a week to come with CPI and who knows what else in regards to bank liquidity. I could give you all sorts of links but I think I'll just post this one: https://www.zerohedge.com/...
It has been a pleasure to get to know Steph Pomboy and it's time for everyone here to make her acquaintance, as well. Steph could best be described as a "macro maven" and that's interesting because that's the name of her website, too! Hmmm...Come to think of it, if the name of your website can define who you are and what you do, what does the acronym TFMR say about me? I guess that's a topic for...
A listless, directionless day should not lead to a listless, directionless podcast so we fought hard today to find something compelling to discuss. However, with some interesting charts and a three-week stale CoT to discuss, I think we pulled it off. You be the judge. For today, these four screenshots: These four charts: And this three week-old silver CoT, from the survey taken three weeks ago on...
It was a dreadful, abysmal day on many different levels. But that's life in 2023 and it's consistent with what we warned the first half of this year would be like in our annual macrocast. What left to do before we wrap up March 7, 2023? Post this podcast and then begin drinking heavily. For today, a summary of Jerry and the remainder of the day's events. This includes these three links: https://...
It was a very quiet and listless day at Comex. The digital metals drifted sideways and lower as seemingly every carbon-based trader was reluctant to take a new position prior to Jerry and all the job data to come later this week. So I hope you enjoyed the relative calm today because tomorrow will be decidedly more volatile. The fun begins at 10:00 ET with Jerry on Capitol Hill. For today, these...
Another day and one step closer to finally painting a green weekly candle on the gold chart. Can we pull it off? Maybe. The only thing we know for certain is that tomorrow's podcast will be a part of your latest "Beer with Turd"! For today, let's just be glad to see both CDG and CDS hanging in there with the POSX up 50¢ and the yield on the 10-year note up 7 bps. Maybe both ease back tomorrow and...
Today's podcast was recorded and posted a little earlier than usual today as your host is off to his annual visit with his proctologist accountant. Regardless, there's plenty to discuss as we hope to see the Comex metals retain this current bid through the remainder of the week. For today, these two links are mentioned: https://www.sprottmoney.com/blog/Monthly-Wrap-Up-February-2023 https://www...
In Monday's podcast, we discussed the likelihood (and necessity) that Comex silver would begin to bounce today...and it did. So what happens tomorrow and the rest of the week. Come on in and let's talk about it. For today, no links. Instead, just a general discussion of the days events and a reminder to remain focused upon The Big Picture. These four screenshots: And these seven charts: See you...
Almost everything bounced back today on a lower POSX...everything, that is, except Comex silver. So what's the deal? Why couldn't silver bounce? Was it due to: Mar23 contract going off the board? Month end LBMA option expiry tomorrow? Technical selling after busting the 200-day last Friday? All of the above. So let's watch to see what happens tomorrow for, as we explain through this podcast,...
Another red candle to finish another lousy week. But they can't be red candles forever and, after four in a row in CDG and six in a row in CDS, we're due to break the streak pretty soon...which can't come quickly enough for you, me and everyone else here at TFMR. For today, let's just get this over with. A general discussion of the day's events, including these two links: https://www.zerohedge...
You might think that another day of a steady grind lower would leave us with mot much to discuss...but you'd be wrong as this podcast still clocks in at almost twenty minutes. If anything, please be sure to listen to the final minutes where we take a slightly different look at the daily chart of Comex gold. For today, this link and chart: https://www.zerohedge.com/markets/all-recessions-were-...
It was another day of downward pressure on the Comex precious metals and, though the worst of the current storm may have passed, prices may continue to drift and consolidate for a while longer until we get into the always important month of March. For today, things were already sliding before the FOMC minutes...and then the release of the minutes only served to make things worse. Not there was...
The new week begins with a mostly quiet trade in the Comex PMs with CDS up a little while CDG was down a little. It likely won't stay this way all week, though, so I hope you enjoyed the relative calm. For today's podcast, just the usual general recap followed by a discussion of this link and three screenshots: https://www.zerohedge.com/markets/fed-just-hinted-new-inflation-target-w... And then...
So, who's ready for another three-day, U.S. market holiday weekend. Your host sure is! So let's wrap up a week that really wasn't as bad as it felt and get ready for a bounce next week. For today, no CoTs and the derelicts as the CFTC simply roll over and play dead: https://silverseek.com/article/cftc-announces-ongoing-postponement-commi... And then, after a lengthy general discussion, we close...
If you listened to yesterday's podcast, the you'll recall how we discussed the idea that the worst of this current Spec washout pullback was likely behind us. Today's Comex price action paints a picture that seems to confirm that notion. And how strange was it to see a rally during Comex hours? It sure seems like a long time since that happened! So now, can we claw a little higher still tomorrow...
Your host returns with the first daily podcast in six days...six days! Has it really been that long? Yes, it has. So come on in and have a listen as we've got a lot of catching up to do. First of all, thanks again for your patience with my unusual schedule this week. Things should be mostly back to normal from here so let's just try to get caught up via a lengthy general discussion and then a...
In part two of our discussion recorded last week, Frank and I go into detail regarding the prospects for Aris Mining, a company where he is a Strategic Advisor and major shareholder. Be sure to note that yours truly is also a shareholder...though I own just a few shares less than Frank! For this call, Frank and I address: major developments for the company over the past few months the extremely...
Something a little different today as I am away from my office and unable to record your regular daily podcast. So, rather than no podcast at all, here's part one of a conversation I had last week with Frank Giustra. Many of you are already familiar with Frank as he's one of the most successful natural resource investors and mining executives of all time. If you're not familiar with Frank, here's...
As you're aware, we like to get to know various exploration companies by visiting with their CEOs and, most of the time, we focus upon precious metal explorers. Today, however, we have something different. It was Rick Rule who first turned me on to the compelling supply/demand dynamics for uranium over the next decade. As I learned more, I began to diversify my holdings a little and now own a few...
Your host has had it. Days like today are the worst and infuriate him like no other. You've heard it before and now, if you choose to listen, you're going to hear it again. So, I don't know what to tell you. Sometimes it's therapeutic for me to get some things off my chest but, today, not so much. Having everything driven by computer eliminates all thought, analysis and fundamental factors and...
We did it! We survived The Goon Barrage!! So let's take a deep breath, collect our thoughts and get ready for whatever the rest of the week has in store for us. For today, just a recap of the day's events and a look ahead to tomorrow and Friday. Be sure to catch the programming update that's discussed a few minutes in as you're going to see some deviations from the normal schedule over the next...
Well, we survived Jerry Duty with nothing more than skid marks as CDS was ramped higher and then reversed lower, all to the gain of Bank traders. But it may only get worse tomorrow as there are five... FIVE!!! ...Fed Goons on tap. Some folks have nightmares of ghouls and goblins. Some have nightmares of natural disasters. For me, FIVE Fed Goons in one day is the worst kind of nightmare! But that'...
The last three days have been crazy with wild moves in the bond market and the POSX. Tomorrow brings another speech from Jerry so who knows what's going to happen next? For today, though, let's just try to get our arms around the scale and scope of the moves in interest rates and the POSX. Once you take time to consider the size of the price changes over the past 72 hours, you get a feel for why...
I'm not sure what's left to discuss that hasn't already been said after a crazy, volatile week that saw our first true rug-pull and Spec washout of the year. But we'll give it a try, anyway. You already know how I feel about the BLSBS so there's no sense rehashing that. And the price action is right in line with what we projected/expected in this year's macrocast. Yes, prices will break out...
Jim Iuorio is a veteran trader with over three decades of experience trading just about everything. He's here today to share some of his hard-earned wisdom so that you are better prepared for the volatility to come as 2023 progresses. Jim is a managing director at TJM Institutional Services in Chicago. At present, he primarily focuses upon interest rate products but he also trades equities, forex...
Well, that was quite a day. The economic data was terrible...as we've been predicting it would be. Powell was considered to be "dovish"...as we've been predicting he would be. And now, CDG and CDS are rallying...as we've been predicting they would be. Look, if you took the time to read this year's macrocast, then you'll quickly realize that already the year 2023 is playing out in the manner we...
The stage is set for a very busy Wednesday....followed by a very busy Thursday and a very busy Friday. So come on in and have a listen to this podcast in preparation for some significant volatility. For today, prices recovered from an overnight beating as the POSX fell backward and the bond market rallied. However, let's not spend too much time discussing today when tomorrow is going to be crazy...
It was a quiet start to a busy week. Let's wrap it up and get ready for Tuesday. No sense dragging this one out. Rate hike expectations have risen slightly over the past few days and, as such, Comex gold prices have fallen. But all of that will be impacted by Jerry on Wednesday and, anything that happened today will have been forgotten. So to that end, just a general discussion as prep for the...
For the next installment of our "special podcast" series, I thought I'd investigate a company that always I've heard of, but never owned. Eric Sprott owns some shares. You may own some shares. And now that I've learned the whole story of Dolly Varden, I'm going to own some, too. We begin, of course, with the most important question...What's the deal with the name "Dolly Varden"? Is the company...
The week finally comes to an end and you'd better get some rest over the weekend because next week promises to be even more busy and volatile. And what's next week? The two big events will be the FOMC/Jerry on Wednesday and the BLSBS on Friday. But that's next week and let's worry about that come Monday. For today, let's just put this week to bed and then get ready for some football. Let's start...
This week's conversation is with the legendary natural resource investor, Rick Rule. Rick's here to discuss the precious metals, the fundamental "wind in their sales" and the potential for position changes in the futures markets following the turbulent year of 2022. But, first and foremost, Rick and I discuss the format and timeliness of his upcoming "Silver Investors Bootcamp" . Similar to last...
It was a nice quiet day with very few headlines and a green board. However, with GDP and durable goods data pending for Thursday, don't expect the same environment tomorrow. And since it was such a quiet day, there's not a lot of extra stuff to discuss in this podcast...though, somehow, it still clocks in at 20+ minutes. It's a general discussion of what to expect on Thursday and then a review of...
What a long day this was. However, it turned out to be a pretty solid one for the Comex digital precious metals. So come on in and let's discuss it. But it was, truly, a long day and I'm beat so lets just right to it. After a general discussion with hit this link, this embed and this screenshot. https://uk.finance.yahoo.com/news/switzerland-sent-524-tonnes-gold-12524... The chart below shows why...
It was a crazy day of overt, option-related price manipulation in Comex silver. How can we determine that greedy manipulation was behind the 6% intraday price drop? Come on in and have a listen. As usual, I hope that I explain all of this in an understandable manner. The chart you need for following along is this one. That discussion alone consumes about 2/3 of the podcast. Once that's done, we...
Our old friend John Rubino stops by today to give us an update on the economy, The Fed, monetary policy and the new way you can access his work. As with most Thursday Conversations, I think you'll really enjoy listening to this podcast. John always does a great job of eloquently explaining his position while thoughtfully answering any question posed. So please give this audio a listen. When you'...
Your noticeably agitated and frustrated host checks in with a daily podcast that is filled with more bitching and complaining than usual. Is this is not your particular brand of bourbon, feel free to skip the audio and just review the charts, instead. As you'll here, I ABSOLUTELY DESPISE days like these. I hate them with every fabric of my being. It's not that prices are down....that just is what...
It was a quiet day but tomorrow won't be. At 8:30 ET we'll get the latest update on retail sales and wholesale inflation so be ready for a volatile session. For today, a late start compiling and recording due to an interview this afternoon with Greg Hunter. And since it was such a quiet day anyway, let's have a shorter-than-usual podcast. Just this link: https://www.sprottmoney.com/blog/No-...
For our first CEO podcast of 2023, I found a company that is very intriguing. Please carve out some time over this U.S. market holiday weekend to give this audio a listen. As you know, I'm quite confident in regards to the direction of precious metal prices in 2023 and 2024. Part of that is due to a return of physical commodity demand and a renewed commodity bull market. In turn, part of that...
It was another great week for the Comex precious metals. Comex digital gold is now up nearly $100 since the year began and Comex silver is finally showing signs of renewed life, too. So, what should we expect once U.S. trading resumes on Tuesday? Come on in and let's talk about it. For today, a recap of the day and the week. Bonds were up and the POSX was down so you'd have expected a great week...
Our old friend, Tom Luongo, stops by today to give us his perspective on life, liberty and the pursuit of happiness in 2023. OK, it's more than that. Actually, Tom and I have a rollicking discussion of Fed policy, inflation and interest rates...what drives all of this and where things are headed from here. It's less an interview and more of a discussion between two friends with slightly differing...
As we prepare for two Goons and the CPI tomorrow, it's good to be reminded that Comex silver has often led the way over the past nine months. With that in mind, we take some time to consider today where prices are likely headed into month end and February. For today, a general discussion that includes a mention of these two links: https://www.sprottmoney.com/blog/Watching-Dr-Copper-January-11-...
Comex gold and the mining shares continued their strong 2023 performance today so its time to stop and take a minute to consider what they may be telling us and, if they don't pause and consolidate soon, what they may be signalling about the near future. For today, these two items which were posted to the comments section of the morning update. Watch this. This guy works for a Bank called...
After a great week to start the year, the Comex metals looked tired today and in need of a breather. Same goes for the stink market. So we should probably expect more weakness tomorrow, especially with Chief Goon Powell scheduled to speak at 9:00 am ET. And it just is what it is. As much as we'd like the metals and miners to go UP every day, there are too many forces aligned against them to allow...
Your noticeably frustrated, over-caffeinated and delayed host finally has your weekly wrap-up podcast for you. Here are your charts. And here are your CoTs: See you Monday, TF
Tyler Wall has been a friend and friend of the site since the beginning back in 2010 and he has helped build SD Bullion into one of the largest online bullion dealers in the U.S. But running a public website, in particular a blog, has become extremely challenging over the years so Tyler is here today to discuss several interesting developments. First and foremost, none of the changes mentioned...
The Comex metals were slammed hard today after a better-than-expected ADP jobs report prompted a spike in the POSX. However, tomorrow brings the far more important BLSBS and, after today's ADP number, the bar to "beat expectations" may have been reset too high. So what leads us to think that the BLSBS may "disappoint", regardless of the expectations? Well, don't forget about the major BS...
If your subscription has lapsed, renew today to gain access to our latest featured podcasts. If you believe your subscription is still valid, ensure the URL used for this feed was added correctly. For more information, visit our website or contact us at info@tfmetalsreport.com.
Well we sure had a week, didn't we? Along the way, we navigated economic and inflation data as well as one of the most BS-filled BLSBSs we've ever seen...and still the Comex PMs painted green weekly candles! So let's sum it all up. Not much use for links and headlines on a Saturday morning. Instead, just a general discussion of the week that was and the week that's to come. And then we work our...
What a day and Comex gold notches its largest one-day dollar gain since March 24, 2020. And what was happening back then? CovidQE∞ had been announced the day before! So, what does a move like today tell you about where things are going to head from here? You'll recall our 2019 macrocast entitled "2010+9". I'm just going to leave this link here as 2010 and 2019 are analogous to where we're no...
The month of November comes to an end and, boy oh boy, did we have a day. All kinds of lousy data and some comments from Jerry led to a steep drop in the POSX and sharp rallies in CDG and CDS. Tomorrow will bring even more data so buckle in for more volatility. For today, I knew it was going to be difficult to sum everything up in under twenty minutes but I gave it my best shot. We begin with a...
It was an unusual afternoon with much of my attention being diverted from the hyper-boring precious metals markets to the hyper-stressful USA World Cup match. To that end, here's a shorter than usual podcast because I have something else I want you to hear today. And what's that? Here's some audio that I recorded earlier today with Denver Dave. We discuss the economy, The Fed, the crypto collapse...
A triple whammy hit our Comex precious metals today and prices swung sharply lower after earlier gains. However, as we wrote this morning, it's only Monday and the rest of this week is going to be volatile and consequential. And what was that triple whammy? the POSX finally hit its 200-day MA and promptly bounced liquidation pressure of the Dec22 contracts the dunces Bullard and Williams spewing...
With the U.S. holiday of Thanksgiving behind us, "Black Friday" typically marks the beginning of the holiday season...and holiday shopping. To that end, here's a helpful podcast with our friends from APMEX. Joining me today are Patrick Yip, who is Director of Business Development and Michael Steinhardt, who is a Divisional Merchandise Manager. I think you'll enjoy hearing what they have to say...
We've been big fans of the Kinesis Monetary System since its inception and its CEO, Tom Coughlin, has been a friend and member of TFMR for years. Tom stopped by earlier this week to provide this update. With the U.S. markets closed on Thursday, you should take some time and give this free public podcast a listen. For starters, this isn't the first time that Tom has appeared at TFMR to discuss...
Comex option expiration is finally behind us and it's almost time for us Americans to celebrate Thanksgiving...but we're not there yet and there's still work to be done. To that end, here's your daily podcast. It's a summary of the day's events and the price action into the Comex close. We also discuss what's pending for tomorrow and the schedule around here for the rest of the week. Along the...
The holiday week begins with a typical holiday week trade....namely, low volume and headline-driven where the HFT algos drive the flows. And, if anything, there's nothing unusual or surprising about the direction of price. We've been warning for over a week that we were headed into a period pf price weakness due to an expected bounce in the POSX and the looming Dec22 expirations...and here we are...
The week draws to a close and I, for one, am ready for a holiday-shortened week next. But before we get there, we need to sum up this week and put it to bed. So let's do that. It was a mostly quiet day of algo-related selling and the Comex PMs both finished in the red on the day and the week. With the Dec22 expirations looming, we shoudl expect more of the same next week. For today, though, we...
We finally got the expiration-related pullback started today...and it's likely to continue into next week. Before we get there, though, we have the weekly closes tomorrow and there remains the possibility of a few green candles. Not much happened today that wasn't covered in the morning post. But that doesn't mean that we are short of things to discuss! So, after a general discussion of where we...
With WWIII averted...at least for today...we can return our focus to the Comex precious metals, the POSX and the likelihood of a price shakeout prior to next Tuesday's option expirations. Let's get straight to it today. A general discussion and then these two links: https://www.zerohedge.com/markets/poland-nato-agree-deadly-poland-border... https://www.vox.com/future-perfect/23462333/sam-bankman-...
Now that prices have turned around and we seem poised for a solid 2023, I though it would be fun to restart our series of special podcasts. For today, we start with a silver explorer and mine developer with which you're probably unfamiliar. Silver Mountain Resources is a company that I'm eager to follow in 2023 and beyond. The company is in Peru which, as you likely know, is the second-largest...
Well, that was a crazy day! I can't remember the last time Comex gold moved up to the same HOD on three separate occasions over 12 hours. But as you listen to this podcast as we recap the day's events, you'll begin to understand why it did. Here's the latest on the geopolitical situation that drove all the volatility this afternoon: https://www.zerohedge.com/markets/futures-tumble-after-report-...
The week begins with an extension of last week's rally and squeeze, even though the POSX and interest rates were both up today. So could we be getting close to a short-term top? Perhaps we should check the Comex calendar for clues. The action picks up tomorrow with the latest Producer Price Index and then it really gets going with a retail sales update and multiple Goons later this week. Today's...
What a crazy week! Let's sum it up and put it to bed with this podcast. Once again, there's so much to cover that it's difficult to know where to start. Let's just dive right in. No links today, just a lengthy general discussion followed by these images in order. And no CoTs today due to the US .gov holiday. We'll look at them on Monday. Have a great weekend! TF
Now safely back at Turdfork, let's get it on with a podcast that details the whys and hows of today's huge drop in the POSX that sparked massive rallies in nearly all "risk assets". What a day...what a long day! MrsF and I left Kaua'i at 12:30 am CST last evening, flew overnight and, after a lengthy connection and flight change, finally arrived back at Turdfork 14 hours later. So if I seem a...
All good things always seem to come to an end and so it is with MrsF's Hawaii sojourn. We begin our trip back to Turdfork today so here's an earlier-than-usual daily podcast. I don't like to record podcasts while the NYSE is still open because too much can change in the final hours of trading, making the news and charts obsolete. This is what happened today as I had all of my charts printed as of...
Wow, what an interesting day this turned out to be. We got a crypto/shitcoin meltdown and a beautiful short squeeze spike in CDG. Can't ask for more than that as smiles cross many faces here at TFMR. LOTS to talk about today. So much so that it was hard to decide where to start. But I tried to keep this to about 20 minutes so that as many as possible take time to listen. First, these two links:...
The week begins with a small extension of Friday's gains. However, both Comex digital metals are struggling with key resistance points so the remainder of the week...particularly Thursday...will be pretty important. And what are those key resistance points? Well, you should already know the answer to that. CDG must successfully pass its 50-day MA and its downtrend line from the March highs. CDS...
What a beautiful day for a short squeeze as the POSX falls over two full points after a terrible, goal-seeked BLSBS report. This provided the fuel for an epic squeeze of the smartypant hedge fund shorts and led to the best day in Comex gold in two years. But not just Comex gold. All other commodities rallied, too, but the real pain was felt by the hedge funds that are short Comex silver. Since 8:...
After the fiasco of the bullish fedlines but bearish presser yesterday, the POSX continued to power higher today. Curiously, however, the Comex digital metals did not continue to power lower and instead, reversed rather nicely. What does this signal for tomorrow's weekly close? It's hard to say since so much will hinge upon the BLSBS. So, for today, just a recap of the events of the past 24 hours...
Another pre-FOMC, light volume day where the algos were in charge and they swung prices while being almost entirely driven by moves in the POSX. As usual, it was frustrating to watch but it also just is what it is. Tomorrow will be much the same...that is until the FOMC fedlines at 2:00 pm ET and then Jerry's presser at 2:30 ET. The latest ADP jobs report at 8:15 ET may provide some additional...
It was a drab start to the week as the POSX and bond yields rose, despite some lousy economic data and a stark increase in the geopolitical tension. But, whatever, it was all on pretty light volume, too, as few carbon-based traders seem willing to make substantial bets ahead of Wednesday's fedlines and Friday's BLSBS. For today, these two links: https://www.ft.com/content/d281665f-0444-4cd8-b616-...
The end of the week draws closer and, with it, our next Cocktail Party. But there's still work to be done and tomorrow promises to be a very interesting day. What will make it interesting? A number of items discussed in this podcast including today's AMZN "earnings" as well as tomorrow's update on PCE. In preparation, these two links and four images: https://www.zerohedge.com/markets/amazon-...
Bonds rallied and the POSX puked so you would have expected the Comex metals to rally today. And they did. However, not as much as we would have liked. As discussed yesterday, this is not unusual at lows for price and sentiment. Rallies are sold into by liquidating longs and adding shorts. This will turn...eventually...but it obviously hasn't turned yet, as shown in today's price action. Tomorrow...
The POSX took a plunge today and now rests upon the important support of its 50-day moving average. Any move lower from here...and below the 110 level...will prompt another decent short squeeze in the Comex digital metals so watch it closely again tomorrow. For today, just a summary of the current situation and a review of these five screenshots... ...these three links... https://www.zerohedge...
The week begins wildly, yet calmly at the same time. How is that possible? Come on in and let's talk about it. For today, many things are discussed in the first half of this podcast, including the latest yentervention by the BoJ. This impacts the PBOC yuan, as well, which you can see below in this tweet from Tavi: As for links, I only ask that you look this one over today: https://www.bullionstar...
What a crazy day to end the week. In what appeared to be a coordinated action, some slightly less hawkish sentiment from The Fed was combined with another massive yentervention. The result was a downward reversal in the POSX and a series of upward reversals across all "risk assets", including Comex Digital Gold and Silver. As we wrote this morning, the global markets were at the edge and staring...
James Kunstler is someone whom I've followed from afar for years so it was a great pleasure to finally makes his acquaintance through this podcast. I'm confident that you'll enjoy getting to know him, too. Jim has been a writer and author for most of his adult life. He began in the newspaper business before becoming a staff writer at Rolling Stone in the 1970s. But he "dropped out" in the mid-70s...
Just more of the same today as interest rates and the POSX traded higher while the Comex digital metals traded lower. Will there be more selling to come as we move toward the end of the week? Will Comex gold paint a bearish weekly candle and foreshadow more weakness to come? Come on in and let's discuss. For today, your general discussion attempts to cover all of the questions posed above as well...
Another oddly quiet and uneventful day allows us to discuss a few different things today. We also review some different charts, too, so come on in and let's have at it. Again, after the way last week unfolded...with global signals pointing toward toward some sort of peak volatility event...the start of this week has been tame, lame, quiet and mundane. Will this continue tomorrow through Friday?...
It was an odd and frustrating day that can only make you wonder where in the heck this week is going to lead. So come on in and let's talk about it. For today, it's a little later than usual so we get right down to it with a general discussion that includes this link ,screenshot and chart: https://www.zerohedge.com/markets/japanese-jawboning-wont-stop-yens-expl... And then these updates on the...
Please be sure to listen to this podcast sometime over the weekend. Why? Look, you know that I don't like to get overly worried. You've heard me state 100 times that "you don't want to go around predicting the end of the world because you're only going to be right once" . If you go running around all Chicken Littleish and spouting hyperbole all of the time, you end up with very little credibility...
It was a crazy day and your host is flummoxed, frustrated and flabbergasted. But it is what it is so all we can do is attempt to make some sense of it through this podcast. And I'm not sure I succeeded. It was just a stupid day. This one tick...in one minute...in USDJPY seemed to set off a cascading surge of short-covering and profit-taking, which ultimately led to an incredible upside reversal...
It was a mostly quiet day...which was somewhat unexpected given how yesterday ended. But tomorrow brings the latest update on US inflation so expect much more volatility before the week comes to an end on Friday. For today, my voice is better but still tires out as the podcast progresses. Therefore, here's another podcast that's a tad more brief than usual. These links: https://www.zerohedge.com/...
I'm still having some trouble with my voice as allergy season where Turd lives is playing heck with my ability to rehab and rest it. So today's podcast is a little more brief than usual but we still manage to cover the most important topics. Some of those topics were covered earlier today with Trevor Hall so, if you'd like some additional audio today, you might check this link: https://open...
The week begins with a mini-holiday in the U.S. How will it end? Your guess is as good as mine at this point but we take some time to discuss things today, regardless. With the US Banks, government offices and treasury markets closed today, the "markets" are quieter and less liquid than usual. But it will be all hands on deck as soon as the Globex reopen this evening at 6:00 pm ET and heaven...
The week did not end well for the Comex precious metals but it ended even worse for the stonk market. As such, we enter next week still on Crash Warning and still somewhat cautious regarding the road ahead. For today, just your usual daily summary and review. Keep in mind that China returns Sunday evening but the US Banks and treasury markets will be closed. Then, please follow along with all of...
The POSX has now recovered all of its early week losses. Interest rates are back to where they finished last Friday, too. However, the Comex Digital Metals are still well into the green on the week with CDG up $50 and CDS up $1.50. So, can we hold these gains into tomorrow's weekly close? It all depends upon on the usual monthly foray into statistical guesswork and gamesmanship...the BLSBS. And...
The voice is better again today but you'll certainly notice it fade away over the course of this podcast. But no matter. Instead, please give this a listen as we wrap up the day and begin to look forward to what will be an eventful end of the week. For today, these two links: https://www.zerohedge.com/commodities/white-house-panics-prices-rebound-... https://www.jmbullion.com/queens-death-spurs-...
Well, we gave it a go. My voice sounds a bit like a cross between John Dutton and The Cookie Monster but here's your daily podcast, regardless, though it's a little shorter than usual by necessity. For today, a general summary of what has taken place since last Wednesday and the temporary (permanent?) capitulation by the Bank of England. Those English Goons set off one heckuva "risk on" rally but...
It's one of those rare, caffeine-driven Saturday podcasts but it comes with a wrinkle...yours truly is quite hoarse and has very little functioning voice. So the audio quality may be tough to endure but if I deem it important enough to record under these circumstances, I hope you deem it important enough to listen. For today, short and to the point. These two screenshots lead to the link below...
Our old pal, Ned Naylor-Leyland stops by today to give us his perspective on the BoE moves of Wednesday as well as his outlook for the weeks and months to come. Ned has been a part of this site since its inception and we're blessed to have him as a close ally in our daily battles. His day job makes him one of the most influential members of the global sound money community but, to us, he's just...
The jolly old Bank of England provided us all with a brief respite today and a glimpse of what's to come once the global central bankers eventually move into full capitulation mode. But it's likely just that...a brief respite. So please give this podcast a listen in preparation for the remainder of what will remain a volatile week. For today, a general discussion that includes these two links and...
Storm clouds loom on the horizon, both figuratively and literally. Let's sum up the current situation today and begin to assess where the week is likely to take us from here. An earlier-than-usual podcast today as I have to get out of the office and accomplish some other things this afternoon. As I type, there are still about 50 minutes left before the NYSE close and anything can happen. Speaking...
The new week began where last week left off and now, with markets in turmoil across the board, it's finally time to update our "Crash Watch" to a full on Crash Warning. Why the change and sudden increase of concern? Look around. Do you really have to ask? And while many markets are decidedly oversold and ripe for a sharp, counter-trend bounce, the obstinance of your Monetary Masters makes any...
Well, what do we have here? We've been on Crash Watch all month and your civil defense department is very close to changing it to a Crash Warning. Only a last hour NYSE stick save kept the DJIA and S&P from closing at new 2022 weekly lows. Will that be enough to forestall a further collapse on Monday? And who knows what unknown unknowns the weekend will bring? So, as long as The Fed stays the...
The situation in stinks is seemingly growing more perilous by the day. If they begin to move sharply lower and our Crash Watch becomes a Crash Warning, what will be the impact on the Comex digital metals? Let's talk about that today. Well, we certainly do live in interesting times. For today, a discussion of this, that, all that and everything in between and then we review the images and charts...
Jerry reverted to the light purple necktie today in an obvious attempt to assuage the markets while he spouted more nonsense about "pain", "losses" and "terminal rates". It didn't work. And frankly, after watching all of the theater, I'm not really sure where to start today. The Fed acts as if they are omnipotent and the financial media treats them as demigods. The FOMC now forecasts an...
Day One of the September FOMC is in the books and now we await Chief Goon Powell and his Fedlines tomorrow. The only question at this point? Will Putin upstage him some forward-looking statements of his own? To that end, I waited all morning and into the afternoon for a speech from Putin that ended up being postponed. It's now expected sometime on Wednesday. What will he say? Stay tuned to find...
Global Goon Week begins with a quiet day where the Comex precious metals traded mostly higher, along with the mining shares. Something tells me that the rest if the week is unlikely to play out in a similar manner. With that in mind, let's keep this podcast rather simple and straightforward. A general discussion of the day and what's ahead, followed by these three links: https://www.zerohedge.com...
As you know, APMEX and OneGold have been longtime supporters of this site and I am a very happy and satisfied customer of both. Well now they have something new and exciting to offer...a credit card that allows you to earn points toward physical gold and silver! All of us probably have at least one credit card and it's likely something that earns you points toward air travel, or hotels or simply...
We avoided a washout today as Dec22 Comex gold rebounded to close above $1680. But that still marked the first weekly close below $1700 since early June of 2020 so we must not let our guard down next week, especially as the FOMC convenes and Jerry holds another press conference. No extra links or screenshots today. Instead, just 21 minutes of uninterrupted and unscripted monologue. If that's not...
It was a doozy of a day and it sets up a very, very interesting Friday as we remain on "Crash Watch" for a downdraft in stonks and margin call liquidations in other markets. Only another late day ramp job saved the S&P from closing below 3900 so watch the futures closely overnight to see how they respond. The concern has been that sharp selling in stonks could lead to a drop below $1680 in...
Though stonks and Comex silver were higher today after yesterday's post-CPI smash, Comex gold continued lower with little buying interest through the day and the Dec22 contract posted its lowest close of the year. For the past two weeks or so, we've been concerned about a smash/drop through $1680 and a sell-stop run lower. It hasn't happened yet but it remains a possibility and we discuss this...
It was a very busy and volatile day and now it has gotten late. Let's attempt to summarize the day and look forward in this podcast. Because time has gotten away from me, I had to keep today's podcast a little more brief and to the point. The day's news and events mean that we remain on Crash Watch and that is the focus of this podcast. No links or tweets. Just a general discussion and these...
Our old pal, Jim Willie, stops by for a visit today and this discussion could not be more timely so please be sure to carve out some time over the weekend to have a listen. Since I'm out this afternoon, this audio will serve as your Friday podcast. I'll try to stop by the comments section over the weekend to add some information on the CoTs and the weekly charts but this is the only podcast...
Our old friend, Dave Collum, is a professor of organic chemistry at Cornell University. He's also an astute observer and analyst of global economic and political events. To that end, you're going to find this podcast...at this particular time...to be of great interest. You'll recall that Dave is the author of the annual "Year In Review" that we so look forward to every December. The most recent...
We finally got a momentary reprieve today as the POSX and bonds reversed, which allowed "risk assets" to stage a short-covering bounce. Now whether this is the start of something more significant remains to be seen but it sure felt good to see some green for once. For today, a discussion of the day's events and a look ahead to the podcast schedule for the remainder of the week. After that, a...
The US markets mostly survived Tuesday but tomorrow is another day and energy situation in Europe continues to worsen. Will it soon result in a global market crash? Let's talk about that today. For this podcast, just a general review of the events since Friday and then a discussion of these two links: https://www.zerohedge.com/commodities/europes-nightmare-scenario-comes-t... https://www...
The new month begins in the same manner as the old month ended...with commodities in the red across the board amidst a general liquidation as the POSX soars to new 20-year highs. Yuck. But we'll see what tomorrow brings as this next BLSBS is a real wildcard. If it comes in dramatically below expectations, we're likely to get a brief respite in the selling. However, almost all "markets" are on the...
The month of August draws to a close and we are officially done with 2/3 of a year that we expected to be "wildly volatile and unpredictable"...at least we got that part right. For today, these four links: https://open.spotify.com/episode/4AQwcN2xN0HN7bBeHbRPBc?si=87e799e742814... https://www.bullionstar.com/blogs/ronan-manly/eurasian-alliance-plans-a-... https://lawliberty.org/the-feds-tough-...
It was another dreary day and sea of red in the commodity sector as prices fell on expectations of a global economic collapse caused by the madness of your politicians and their monetary masters. There's really not much more to say. All commodities were hammered today, even though the POSX was mostly unchanged all day. See below: It all looks pretty bleak for us, at present, and we must be alert...
As the markets reeled for a second consecutive day following Chief Goon Powell's Jackson Hole remarks, the price of Comex Digital Gold held firm and was mostly unchanged. With all of the important economic data that's pending for later this week, I wouldn't expect that to continue. The question is...Will the data help CDG recover some of the losses inflicted over the past two weeks? Maybe. But it...
Jerry and his Goons were out in full force today and their message of "pain" was enough to crush all markets, not just Comex gold and silver. So, with more "pain" on the horizon, is there anything that can lift the metals and shares out of the abyss? We'll talk about that today. There's another BLSBS next Friday and maybe, just maybe, it will be bad enough to surprise all of the shorts. But, for...
As you know, this week has been a little different due to my travel schedule. As such, here's something I don't ever recall doing in twelve years of TFMR. My schedule is such that there's no time again today to record a daily podcast summary. Tomorrow will be different and will include a full regular schedule of a post in the morning and weekly summary podcast in the afternoon. But for today,...
It has been a mostly dull and lifeless week ahead of Friday's CPE data and Jerry's big speech. So let's summarize and wrap up the first 60% of the week and prepare for the remaining 40%. For today, no extra links, tweets or news. Just a general discussion and then an update on all of the charts below. Thanks for listening and thanks, again, for your patience with my schedule this week. TF
Rather than a regular podcast, here's a little something different to start your week. Most of you know that Tom Luongo is a longtime regular and he has been kicking around this site since the Watchtower days of 2011. And like most of you, Tom is a brilliant analyst who thinks for himself and draws his own conclusions. To that end, he found his own voice several years ago and now offers his...
A lousy week ends the way it began...with a soaring POSX and dumping digital metals. Might next week be any better? That's hard to say but we know for certain that it will be busy and volatile. And why? Because besides a busy datapoint schedule that includes the flash PMIs and latest PCEs, we get Cowboy Jerry's speech at the Jackson Holedown come Friday. How fun, huh? In the meantime, we might as...
Another day of AlgoHell leaves us only hoping to end the week on an uptick with no chance of a green candle. But it is what it is during the summer doldrums. Any other time, it might have been a good day for the Comex precious metals as both nominal and real rates fell. However, since the POSX rallied another point, the metals never had a chance once the paper trading Comex took over. Speaking of...
Not even a short-lived bounce following the FOMC minutes could save us from another dreary, summer doldrum day...and it's remarkable, really, how much sentiment and price have changed since Friday. And why? That's the question. So we attempt to answer that question today but, the problem is, the answer is unknowable. We've gone from optimistic and looking for $40 and $1 rallies to watching 3-day...
It was another lackluster, HFT-driven, summer doldrum day but tomorrow promises to bring a little more action and perhaps a turnaround from the price weakness that has plagued the first two days of this week. And what will tomorrow bring? The latest US retail sales update, another GDPnow update and then the July FOMC minutes in the afternoon. We prepare for all of this during the first half of...
As you know, the past four months have brought some extreme selling to most of the shares in the mining sector. However, there are times when extreme selling leads to extreme opportunity and the situation in Gold Royalty Corp. appears to fit that description. If you're an investor in the sector, then you realize that royalty companies differ greatly from producers and explorers and they often can...
In a surprise twist, Comex precious metal prices rallied consistently through the day on Friday and then closed very near or at their highs of the week. Could/should this set us up for more gains early next week? Come on in and let's talk about it. So, in a sense, today was the opposite of yesterday where Comex PM prices uncharacteristically fell on a falling dollar and rising bond yields. Today...
Today was one of those days where I wish I'd scheduled a Thursday Conversation instead of a daily podcast. But since I didn't, here's a podcast that attempts to summarize what was a very frustrating day in the metals and miners. Now the week's not over yet and we're still working on green candles. Additionally, there will be some market-moving news at 10:00 am ET tomorrow with the latest UMich...
It was an odd and frustrating day after a CPI report showed some slowing of US price inflation. This led bonds to rally but then they reversed and, as such, Comex gold could never sustain a bid, even though the POSX fell by over a point. Like I said...odd and frustrating. But let's not forget that we're still up and green on the week with two days to go so all is not lost. Let's see what tomorrow...
This dull day is behind us and now we await the CPI at 8:30 ET tomorrow. But it's not so much the actual numbers that matter. Instead, it will be the bond market and forex reactions that drive the Comex PMs. So, come on in and get ready by listening to this podcast. For today, just a general discussion as CPI prep and then these two screenshots... ...and these six charts: Lastly, here's that link...
A surprisingly strong day in the precious metals leads to a surprisingly lengthy podcast. But there was a lot to cover so please try to have a listen. For today, there was plenty to discuss. We start with the details of the day and then hit these two links: https://www.zerohedge.com/news/2022-08-08/zoltan-pozsar-deep-recession-l... https://www.bullionstar.com/blogs/ronan-manly/lbma-silver-...
What a week and boy am I glad it's over. But there's much to do before we shut things down for a few days so please carve out some time to listen to this podcast. Today was nonsense with the trade driven by the preposterously ridiculous BLSBS. But, whatever. It is what it is and there are some signs that, though momentum took a step backward today, all is not lost in terms of continuing the short...
A very nice rally today in the precious metals and, finally, the mining shares got in on the act, too. But this could all change tomorrow with the BLSBS so please be sure to give this podcast a listen ahead of the important data at 8:30 ET. With The Fed now in "data dependent mode", the BLSBS will dominate the news and the markets tomorrow. What will it show? Will it beat "expectations"? Well, it...
Another full day of Goonspeak left the markets battered and bruised but ready by bounce by afternoon and now they are well off their lows of the day. This sets up a very interesting end of the week where just about anything is possible. For today, the Goons were out in force but one...Goon Daly of San Francisco...takes the award for the most obnoxious, tone deaf and disgusting. See these links:...
Just trying to play catch-up after a long day so please give a listen to this brief podcast in preparation for the final three days of the week. Just a general discussion and explanation of the weakness in the metals today, followed by a review of these seven images. Thanks again for your patience today. More tomorrow. TF
It was an interesting day and it was just the start of a very interesting and busy week. I've got to get on the road so today's podcast was recorded a little earlier than usual. But there was still plenty to discuss...from the faltering US economy to the collapsing Comex open interest to the exploits and shenanigans of Crazy Nancy. For today, please be sure to review these two links: https://www...
Well, what a week that was. It began poorly and with some historic lows in Newmont. But it ended well after the first hints of Fed reversal and pivot. What will next week bring and what did the latest CoTs reveal? Come on in and let's talk about it. For today, there's a lot to discuss and summarize here at the end of the month. And, frankly, I could record an entire podcast on the extreme...
Please be sure to listen to today's podcast so that you're certain to understand where we are, how we got here and where we're going. The historical precedent is strong and the correlation to rallies past is important. So for today, no links or screenshots of tweets to talk about. Instead, just a general discussion of the significance of yesterday's Fed statements and what they imply for the...
As the U.S. aviation and airline system fractures and fails under the accumulated stresses of Covid, mandatory retirements and forced vaccinations, your host suddenly finds himself with an extra day of "vacation" and the unexpected opportunity to record this podcast. This was a quiet day...the perfect day for traveling home after vacation. But alas, it wasn't meant to be so I guess we'll just try...
It was another difficult Monday as once again the Comex PMs fell and the mining shares got drilled. But it's a long way to Friday and there's a lot of significant news coming so let's wait to see how this week plays out. And the worst news of the day came from Newmont...which was pummeled after their latest earnings report of rising costs and lower production. That's a pretty bad combination. I'm...
Just a quick recap of the week and the charts and a look ahead to what will be a busy week next. I was going to type this up but then I figured I could just as easily record a 10-minute podcast to summarize the week that was and the week that will be. So please give this podcast a listen and then be ready for next week. Have a great weekend! TF
The lies and the fraud of the day almost pushed me over the edge. You probably feel the same way! So let's wrap up the week and get it over with and then take a few days off to clear our heads. For today, a podcast like most of the podcasts of late. A discussion of the day's events and everything else that drove me crazy today. Perhaps... perhaps ...after another period of four, consecutive...
The storm continued today but, even though the POSX eventually pared its gains by half, do not let your guard down for tomorrow as the data that is due to be released between 8:30 and 10:00 ET will likely determine whether or not the PMs can bounce back into the weekly close. Since I was unable to record a podcast yesterday, there was no shortage of stuff to discuss today. So, after a longer than...
It has been another lousy start of a week but the volatility will really ramp up tomorrow with the 8:30 ET release of the latest US consumer inflation data. What will the data show and how will the markets react? No one can say. But come on in and let's talk about it, anyway. For today, a general discussion of the day's events and the fake news of a CPI leak that led to a late day drop in both...
It was a very slow start to the week with both Comex precious metals trading in a tight range while drifting listlessly lower. Tomorrow is likely to bring more of the same before the volatility ramps up later this week. So, for today, there's really not that much to talk about. Oh sure, there were a couple of headlines that caught my eye and the Fed Goons are always good for a few laughs, but the...
Our old pal, DenverDave, stopped by earlier today to discuss the current parallels to 2008 and how this is all impacting the precious metals. You should be sure to have a listen! And the timing of this podcast couldn't be better. Yes, the POSX is soaring while the euro is tanking but is this solely due to Fed and ECB policy or is there something more complicated lurking behind the curtain? See...
It's an earlier-than-usual podcast today as I refuse to sit here and watch this crap all day when there are other things I could be doing. The day is not yet done and the June FOMC minutes might wiggle things a bit this afternoon. If they do, I'll stop by later and update the charts. For now, though, let's recap where we are and how we got here and then look ahead to what might happen next...both...
It was a dreadful start to the holiday-shortened week as the euro currency got completely trashed versus the US pig. This, of course, led to a massive rally in the POSX and this, of course, led The Machines to dump digital gold, digital silver and all of the other financialized commodities. So, anyway, what can you do? After Friday's disaster from the Atlanta Fed, you might have expected some...
It can't be the U.S. Independence Day weekend without fireworks, apple pie and The Jackass. So here you go. An hour of mostly-uninterrupted Jackass consciousness for your holiday listening pleasure. So what do Jim and I discuss here at the mid-point of 2022? To be honest, I don't really remember. It all comes at you so fast and furious that it's not easy to keep up. Jim's got that big old brain...
The week mercifully draws to a close and now we have a three-day, US market holiday weekend to celebrate. But, before you do, please be sure to give this podcast a listen. The lows for Comex silver that we predicted back in early January were hit today and we need to summarize how we got here and where we're headed. I would imagine you already know what happened today. It was a early morning wipe...
It was a lousy month and a lousy quarter. However, it now appears that we are finally getting close to a bottom and turn so please take time today to listen to this podcast. Of course, I could be dead wrong. Maybe it's all just going straight down from here as the global markets swirl the death drain and we all go broke. But I don't think so. I think that the next Powell Pivot is closer than most...
Another day of Jul22 silver liquidations dragged prices lower once again. Tomorrow brings what is alleged to be "The Fed's favorite indicator", the PCE. Maybe the latter part of the week will be better than the first three days? We'll see... For today, just a general discussion of the day's events, the CoT structure and the current forecast of rate CUTS beginning as soon as Q1 2023. After that,...
Today was just the latest in a long string of painful, torturous days that stretch back to early November of 2020. Unfortunately, to reach the point on "max pain" that finally forces a Powell Pivot, it appears that our pain level is going to need to be ramped up even higher. And that's the message for today. Maybe things will unexpectedly get better? Maybe?? But the charts look terrible and it...
It was a snoozer of a day as Comex option expiration kept a lid on prices and the news flow was pretty light. That will not be the case for the remainder of the week, however, as we move toward the end of the month and quarter. But today was quiet...a real summer doldrum day. So this is a pretty quiet podcast, too. We discuss this link: https://www.zerohedge.com/markets/welcome-qt-terrible-5y-...
We first introduced you to Starr Peak Mining last August and, like nearly every other mining company, the months since have not been kind to its shares. But sometimes, indiscriminate selling presents opportunity and, with that in mind, it seemed a good idea to take another look at this company. Before we begin, it might be a good idea to review the podcast from last summer when we first spoke...
The week draws to a close and, even though rates and the POSX were lower, Comex gold and silver were down, too. Next week brings the end of the month and end of the quarter so the selling pressure may continue to be an issue for most of next week. But that's for next week. For today, I'm just happy that the day is over and I'm ready for the weekend. In preparation for next week, however, we have...
It was another drag of a day with the entire commodity board in a deep shade of red. What will tomorrow bring and what would a lousy weekly close foreshadow for the weeks ahead? Come on in and have a listen. No links of outside screenshots today. Instead, just a lengthy general discussion and a review of the charts below. And that is all. TF
Bonds rallied and the POSX sold off but neither development was able to lift the Comex metals out of their ongoing malaise. So it is what it is as we patiently await the eventual Powell Pivot II and the aftermath. For today, though, it was just more of the same with an overnight rally in Asia and London, followed by sustained and relentless paper selling in New York. We discuss all of this in...
It was a dreary start to the week as higher interest rates and a rallying POSX weighed upon the precious metals through the Comex session and onto the afternoon Globex? Might tomorrow be a better day? Maybe. We'll just have to wait to see what Chief Goon Powell has in store for us at his appearance before the US Senate Banking Committee. But today felt a lot like a summer doldrum, dog day. Just...
It has been a very difficult two months for the precious metals and the mining shares. However, I'm confident that things will soon change as global central banks are forced to resume debt monetization and rate cuts. If I'm right about that, then there are a few mining companies that present incredible bargains at these current prices and GoldMining Inc would certainly seem to be one of them...
Oh thank heavens that's over with. What a long and challenging week. And now I urge you to clear your mind and relax over the weekend and next week brings a nauseating list of publicity-seeking Fed Goons...so many that it may set a new record one-week total. Yesterday at this time, there was hope that we'd finish the week strong. However, just as in countless other instances in the past two...
Well, things have sure gotten interesting, haven't they? The Fed proves their ineptness, the POSX tanks, bonds soar and stonks tumble. That's a tasty brew for the PMs and we had another pretty solid day. So we talk about all of that today but begin by asking you to pay special attention to the Japanese and Asian open this evening. Lots of talk about JGBs this afternoon and some crazy yield quotes...
There were two big surprises in Chief Goon Powell's post-FOMC "press conference" today. First, Powell admitted that the FOMC is mainly just making it up as they go along and flying by the seats of their pants. And second, he wore a necktie that was not some shade of purple! What the heck?!? By now you've probably read all about the fedlines and the 75 basis point fed funds hike. But what really...
As it turns out, there was no respite today. Yes, the stock market quieted down a little bit but volatility reigned in other places as bonds sold off sharply once again and those higher nominal yields wrought more havoc upon the Comex precious metals. And tomorrow brings the latest US retail sales update and other data, an update from GDPnow and then the FOMC fedlines and Powell presser. It's...
What a day. What an amazing day. And it's going to be a long week. No one can predict where things will head in the short term but there's still a lot to discuss so please have a listen to this podcast. For today, just a recap of the remarkable events and some thoughts on tomorrow's PPI and the Fedlines that are due Wednesday. We discuss these two screenshots: And all of these charts: And now we'...
Oh boy, what a day...and it's not even over yet! But my schedule today dictates this earlier-than-usual podcast. I'm going to be out all afternoon and unavailable tomorrow morning, too, so I figured that I'd better just get this recorded and posted now. Later this evening or tomorrow, I'll add the weekly charts and the CoTs to the bottom of this podcast page. For now, though, let's just summarize...
After being out all day, it's time to play catch up and prepare for tomorrow's CPI. So please come on in and give this podcast a listen. Having missed most of the day, I don't have the usual collection of links and tweets. And that's OK as most of it would just be noise ahead of tomorrow's CPI. So, in preparation for the end of the week, let's just recap the inevitability of Lagarde's dovishness...
The week is 60% over but the remaining 40% is going to be volatile ahead of the weekly chart painting so be sure you're paying attention over the next two days. For today, another earlier-than-usual podcast which means that the NYSE is still open as I'm typing this. However, not much has changed in the past hour so the information we discuss is still current. To that end, see this link: https://...
It was an interesting day that rather surprisingly brought a decent amount of interesting news. So, let's talk about it as there's a lot to discuss. First, check these screenshots: Next, please check these links: https://www.zerohedge.com/economics/shocking-consumer-credit-numbers-eve... https://seekingalpha.com/news/3846428-us-reportedly-seeking-funds-to-pur... https://www.zerohedge.com/markets/...
The new begins in much the same manner as the old week ended....bonds selling off, the POSX rallying and Comex gold under pressure. And tomorrow may bring more of the same as there's not much scheduled news until the ECB rate decision on Thursday. So for today, just a recap and general discussion that includes these three screenshots: And then these charts: More tomorrow, TF
Almost all of our CEO interviews involve leaders in the precious metals sector. However, when Kerry Lutz asked me to consider a natural gas company, I decided to give it a look. I'm glad I did and I think you'll be glad, too. The guest today is Art Halleran, the CEO of a natural gas producer called Trillion Energy. As you know, the Ukraine War has led to soaring natural gas prices across Europe...
A new month begins and the Comex metals actually rallied a little despite further losses in stonks and bonds. The POSX was up nearly a full point, too. So what will June bring? More of the same, I suppose, but that does not impact the expected gains discussed in the macrocast we posted back in January. The U.S. economy is now clearly grinding to a halt...and The Fed has barely even begun to hike...
The month of May has finally drawn to a close so let's wrap it up, check the monthly charts and then attempt to move on with June and the end of Q2. The last day of the month was dominated by light volume and low liquidity, combined with some lame headlines out of a meeting between PETUS, CGP and Mother. All of this led to a drop in bonds, a rally in the POSX and some steady selling in the Comex...
The week ends and a three-day US market holiday begins. So let's wrap this up, review the charts, check the CoTs and call it a week. For today, just a recap and general discussion where we note how much the general narrative has changed since last Friday and how little impact that change has made on our precious precious. And then these charts: And we wrap the week with a look at your better-than...
I was able to find a few minutes within all of the graduation hoopla so here's a podcast to get you ready for tomorrow with some levels to watch ahead of the 3-day US market holiday weekend. Time was short so straight to it today with a general discussion and a mention of this link: https://www.zerohedge.com/markets/rabobank-if-you-believe-fed-will-pause... And then these four charts: As...
With the investing world slowly coming to terms with the idea that Powell Pivot II may be closer than most realize, the Comex PMS rallied again today on the back of falling interest rates and a lower POSX. Tomorrow will be another day, though, with FOMC minutes and the latest update on durable goods sales. It's also option expiration day for the Jun22 Comex gold contract. For today, please review...
It was a quiet start to what will be a busy week. So let's put this day behind us so that we can focus upon where we go from here. For today, there's not much news to discuss that wasn't covered this morning. The Comex PMs remained pressured through the session and only managed to eek out minimal gains, despite the POSX being down a full point. Your podcast discusses all of this and the five...
The week began with an early Monday smash in London. We had hoped at the time that those lows would be the worst of the week and, as it turned out, they were! So now we enter the final week of the month of May in the hope that we can build on this week's momentum. But it's going to be a very busy and volatile week next. There will be lots of economic data, the May FOMC minutes and the Jun22...
What an interesting day. Bonds rallied and the POSX sold off sharply. This allowed for a nice bid in both CDG and CDS. And now we await tomorrow. Will the stonk market hold up? If it doesn't, how will the bond market react? It's going to be an interesting day. For today, though, just a recap in preparation for the end of the week...and a little bit about the week to come. And then a review of...
The stonk market sits again on the verge of collapse. However, on several occasions of late, it has immediately reversed and saved itself. Will it do so again tomorrow? If not, what will be the implications? Time is short so let's get right to it. We discuss stonks, the eventual Powell Pivot II and a safe haven bid for treasuries and CDG. We note this: https://www.zerohedge.com/markets/cisco-...
Today may have finally pushed your host over the edge and into the sanatorium. I hope they have nice rooms there. Do you suppose they have ice cream? I really like ice cream. OK, maybe I'm not ready to be institutionalized just yet...but...this past month has worn me out. So, for today, a more brief podcast than usual. Just this link: https://www.sprottmoney.com/blog/COMEX-TAS-Games-Craig-Hemke-...
In what may go down as a trend change and reversal day, Comex Digital Gold fully recovered from an overnight London Monkey raid to post a high that was $41 above the low. Could it be that the lows for this brutal, four-week downtrend are in? Ask me again tomorrow at this time. And why wait for confirmation tomorrow? Because Goon Bullard is scheduled to speak at 8:00 am ET and Chief Goon Powell...
If your subscription has lapsed, renew today to gain access to our latest featured podcasts. If you believe your subscription is still valid, ensure the URL used for this feed was added correctly. For more information, visit our website or contact us at info@tfmetalsreport.com.
It was another dreadful and dreary week, making four weeks in a row where the Comex digital metals have been pounded lower. Some small glimmers of hope have begun to appear, however, so let's wrap up this week and begin to look forward. No links today. No screenshots of tweets, either. Just a general discussion of the week that was and then a look at all of these charts: And we wrap the week as...
Larry Lepard is a Boston-based money manager and sound money advocate. He's also a longtime member of this site, going back to The Watchtower days so I think it's safe to say that you're going to enjoy this podcast. Larry's day job is a money manager at Equity Management Associates in Boston. You can learn more about Larry and the services his firm offers by visiting their website . Larry is also...
The CPI has come and gone and now we await tomorrow's report on inflation at the producer/wholesale level. In between, the action in the PMs and mining shares was pretty uninspiring so the concern still exists that the lows are not yet in...at least for Comex silver, the GDX and the GDXJ. For today, just a general recap of the day's events and a look ahead to the remainder of the week and this...
We are now very close to making the lows of 2022...though it's not like we should get any bonus points for stating the obvious. But we did warn in this year's macrocast that the lows for 2022 would come during the first third of the year and, since we're only going to be off by a few days, I think we'll end up calling that prediction a success. So please take some time to listen to today's...
With Friday's breakdown in the S&P, we worried that today would bring another surge of general liquidations where everything with a bid...and especially with a trading gain...gets liquidated in order to avoid margin calls in other sectors. And here we are. And it's far from over. Oh, of course there will be sharp, oversold rallies within the general equity downtrend. But Former Goon Dudley...
It was a day of celebration for the for MrsF and I yesterday but it's back to work, doom and gloom today. You may think of me as a contrary indicator and that's fine. However, I'm beginning to feel like Sarah Connor and, if you know the movie reference, this podcast will make clear why I feel that way. First of all, congratulations to member "SilentButDadly" for his most excellent prediction in...
I don't even know what to say...but I managed to fill up 21 minutes, regardless. At least it's Cinco de Mayo so, if you feel like it, no one is going to look at you sideways if you go out and get stinking drunk. And who could blame you? This is madness. Absolutely crazy. So we'll try to take stock of where we are and... though I've never been more certain of where we're headed in the long term...
The May FOMC has come and gone and, with it, any remaining sense of Fed credibility. What a joke. What a painful joke. As your friendly host, it's always incumbent upon me to pay attention and monitor events like today's "press conference" and, what did I hear today? Not much, but this doozy sure caught my attention: Powell: "The US economy is doing fairly well. It's a strong economy". Q1 US GDP...
T'was the day before the May FOMC and all was pretty quiet so let's put this day behind us and focus upon what will be a volatile next three days to end the week. As per usual on a FOMC Tuesday, there's not a lot to discuss. This will definitely not be the case tomorrow. For today, these three links: https://www.sprottmoney.com/blog/Fed-Perception-vs-Fed-Reality-Craig-Hem... https://news.antiwar...
Oh my goodness. Where do we even start after the way Friday ended and today began? And then how about the way today ended? So, today we try to maintain some level of sanity through mental self-preservation. What does that mean? I guess you'll have to listen to find out. Here are two links that provide further color to topics we mentioned in this morning's post: https://www.dailymail.co.uk/news/...
Your host has had enough and next week promises to be very, very busy with the May FOMC and your latest BLSBS. So let's call it a week a little earlier than usual. And I've had enough of today. As has been the recent norm, the PMs rallied in London on physical demand and then were smashed on Comex through paper supply. The farce has become comical and it's increasingly difficult to take it...
Our friend and fellow Turdite, John Adams, has been missing in action and keeping a low profile these past few months. However, that does not mean that he hasn't been doing his part to help unravel and expose the global fractional reserve and digital derivative pricing scheme. So it's good to hear from John again. As you may know, he lives Sydney so he is keenly wired in to the Australian bullion...
The stage is set for a very interesting end of the week and month. And then, of course, next week brings the May FOMC so there's definitely no shortage of topics to discuss today. But all that really matters is how lousy the PMs and miners have been for six days running. It stinks, sucks and angers. But it also clears the deck for another stab higher and, as you know, I'm sitting on some dry...
Oooohhhh. Well, things are starting to get pretty interesting. The S&P went out at its low of the day and below 4200. This sets up a very interesting Wednesday so please take the time to listen to this podcast. For today, we try to cram as much as possible into twenty minutes and before my voice gives out. We start with these two links: https://www.sprottmoney.com/blog/Concern-For-Stonks-Pt-2...
We first discovered Altaley Mining in October of last year. It's an interesting company but I didn't take a position in it back then. However, after this update, I'm ready to pull the trigger. Let's start by taking you back to October of 2021. Our first introduction to Altaley came from David Rhodes, who sits on the company's board of directors. Here's a link to that podcast if you want to go...
The week begins with some crazy volatility and it will likely continue this way all through Friday. We've got some thoughts on how this might all play out from here as the May FOMC comes over the horizon so please take some time to give this podcast a listen. For today, a general discussion of the day that was and a mention of this link: https://realinvestmentadvice.com/recession-warnings-rise-...
It hasn't just been a crazy week in the precious metals miners, the uranium stocks have been hard hit, too. On the surface, this makes zero fundamental sense so I tracked down Scott Melbye today in order to get an explanation. Again, Scott is CEO of Uranium Royalty Corp. I'm a shareholder and Scott has been a guest on these podcasts before. Here are two links: This from February of 2021: https://...
It was a lousy day but, for once, it wasn't just us. It was lousy everywhere! The bond market was down. The general stock market was down. The energy sector was down even though crude oil was up. And, of course, the mining shares got hammered even though CDG finished the day down just a few bucks. Tomorrow promises to be a very interesting final day of the week. No links today. Just an Omi-...
It was has now become the pattern, the precious metals and mining shares bounced back today from their early-week beatings. Can they continue to recover into Friday? We'll see. We're first going to have to deal with Chief Goon Powell on Thursday. For today, yours truly is a bit under the weather so I tried to cobble this together in some sort of sensible fashion. You can decide if I was...
Right on cue, massive selling of Comex paper kicked in today. This was blamed, of course, on comments made yesterday by Goon Bullard regarding the coming fed funds rate hikes. Isn't it interesting that those comments had no impact on stonks, though. Oh my gosh. It's all such a scam. For the fourth week in a row, a Monday-Tuesday punch has hammered the shares lower and today's price smash comes...
The began almost identically to the previous two. A surge of optimism over the weekend led to a bout of early buying. However, that soon faded prices retreated, leading to a reversal in the shares, too. However, by the end of the last two weeks, prices have been higher. So perhaps we'll get a repeat of that, too? Time will tell. For today, no links. Just a lengthy general discussion that includes...
It was just two months ago that we last spoke with Andrew Lee regarding his company, York Harbour Metals. I've since become a shareholder so I thought it would be good to get another update today. The last time we spoke, Andrew and I were joined by Bruce Durham, the executive chairman of the company. For background, here's the link to that discussion: https://www.tfmetalsreport.com/podcast/11395/...
It's a market holiday weekend so you know what that means.... So, as per tradition, here is an update from our old friend, The Golden Jackass himself, Jim Willie. It's always fun to venture off the beaten path when Jim stops by and his particular brand of out-of-the-box thinking and looks over the horizon can be very helpful in these volatile times. For today's call, I asked Jim to focus upon the...
The week draws to a premature end as the US markets are closed tomorrow in observance of the Good Friday holiday. So let's wrap things up and check the charts in order to mentally prepare for the weeks ahead. For today, there's a lot to talk about but not a lot of time. So after a general discussion of how the day went and, more importantly, how it ended, we discuss first the items below: And...
It was a busy day as US price inflation soared to its highest level in decades. This is not a problem that simple monetary policy can fix but you know that The Fed will try, anyway. If you'd like to read a summary of where we are and where we're headed, see this link from ZH: https://www.zerohedge.com/economics/top-washington-think-tank-sees-globa... And please follow along as we assess today's...
The week began as a near mirror image to last Monday. The Comex metals were slammed shortly after the NYSE open and then The Monolith took over and shoved the mining shares lower, too. However and unlike last Monday, prices were at least able to recover some of those losses and now we're poised for a volatile CPI Tuesday. For today, just a recap of the day's events and a discussion of the markets...
The week ends on an uptick and a positive resolution to the pennant/base in Comex Digital Gold. So what happens next? Maybe a rally next week? We'll see. What we know for certain is that the week will be busy with all sorts of US inflation data. Please give this a podcast a listen so that you're ready when things get going again on Sunday. For today, these links: https://www.zerohedge.com/...
As we head toward Friday, both Comex digital metals are slightly in the green and up on the week. What will tomorrow bring? Who knows? Did anyone know what today would bring? In these unprecedented times, we simply need to take each day at a time. To that end, check these links for some of the important items of the day: https://www.zerohedge.com/military/kremlin-spox-admits-significant-troop.....
The March FOMC minutes have come and gone and they've left the price of Comex Digital Gold completely unchanged on the week thus far. So do we have a shot at a rally into week end? It was another crazy day across all markets as a former Fed Goon, Horseface Dudley, basically stated that The Fed wants to create a reverse wealth effect by killing the stonk market. Can you even believe that? Crazy...
For the second consecutive day, the silver price was smashed on Comex and, unlike yesterday, today it took Comex gold along for the ride. The reason give was some utter nonsense spewed forth by Goon Braindead. Oh, well. Whatever. I will choose to live in reality and use the lower prices to once again add to my stack. So, anyway, all was well and fine until Goon Braindead grabbed an open mic and...
It was a somewhat frustrating day where trading was dominated by a deliberately manipulative smash in Comex Digital Silver that appeared shortly after the NYSE open. As if often the case, the hammering of silver led to a dumping of shares and now we begin the week with losses after what had been a positive close back on Friday. So, for today, just a recap of the day's frustration and a look at...
It what seemed like an April Fools joke, the week ended with a downward dump in the Comex metals but an upward pump in the mining shares. What the heck? Come on in and let's talk about it. For today, just a summary of the day and week that was. We focus much of the general discussion on the bond market and the yield curve but we also mention this link: https://www.bullionstar.com/blogs/ronan-...
It was an odd day of trading as almost everything sold off in the last hour before the quarterly close. So what will tomorrow bring? More of the same or a reversal of today's flows? And what about the BLSBS? Come on in and let's talk about it. Today was dominated by the latest PETUS plan to release some the US strategic petroleum reserves. Was this bullish or bearish for energy? Was this...
With just one day to go before the end of the first quarter, PM prices rallied today and appear poised to paint very nice candles onto the monthly and quarterly charts. But the week is far from over. Tomorrow brings a host of economic data as well as LBMA option expiration. Friday, of course, brings the latest BLSBS. So buckle in and be ready for more volatility. For today, a discussion of these...
A day that began with a smash actually ended with a bounce. Combine that with some stellar performance out of the mining sector and suddenly we have an interesting setup for the remainder of the week. For today, a discussion of the day's events and the links and tweet below. https://www.zerohedge.com/geopolitical/russia-signals-intent-cut-militar... https://www.sprottmoney.com/blog/Looking-Ahead-...
It was a very busy start to what will be a volatile and challenging week so come on in and have a listen to your daily podcast summary. For today, we try to make some sense of all the we saw...from soaring stonks to smashing Comex gold. The yield curve is now flat and very nearly inverted as stonks focus on rate cuts to come while CDG gets smashed on rate hikes to come. It's maddening. We try to...
It was a surprisingly good week so let's wrap it up with this summary podcast and then get ready for another very busy week to come. And what made it a surprisingly good week? Consider that we exited last week getting our tails kicked and driven backward from above $2000 in Comex gold. This week then brought a massive dump in the bond market, a selloff in the TIP (higher real rates) and a rally...
As you know, Keith Neumeyer is President and CEO of First Majestic Silver. He's also a longtime friend of TFMR but someone we've not had a chance to record with for over a year so please take some time today or over the weekend to give this podcast a listen. First of all, you should know that First Majestic has been a primary holding of mine for years. Keith does a great job, he's a tireless...
The Comex digital metals rallied today but for uniquely different reasons. Both are now substantially higher on the week so we'll watch closely tomorrow to see if the gains can be held and if solid green candles can be painted onto the weekly charts. For today, a general discussion of the four links below as well as the embedded pdf. https://www.bloombergquint.com/markets/nickel-tycoon-covered-...
Wednesday turned out to be a rather intriguing day. After some usual morning Comex shenanigans, precious metal prices rose steadily through the day along with most of the other commodities, all while stonks and bond yields fell. So now the question becomes: What will tomorrow bring? We know for certain that it will bring two key economic datapoints...the latest Durable Goods report and the flash...
It was a listless CoT Tuesday where, as is usually the case, the Comex precious metals were driven lower in price. But that doesn't mean there's a shortage of things to discuss so please come on in and have a listen to today's podcast. Tuesday also means that it's time for the weekly post at Sprott Money. This week focused on the bond market and the selloff in treasuries since the US and EU...
It was a weird day that began with a dump in the Comex metals and some more hawkish nonsense from Chief Goon Powell. But then an interesting set of headlines emerged regarding cyberattacks and the PMs rallied. However, with just ten minutes to go in the NYSE session, the S&P suddenly and mysteriously surged into the green. Maybe those "cyberattacks" are actually Russian buy programs? Again,...
It was a long and grueling week made worse by a quad-witching selloff that reversed much of the gains the Comex metals had made over the previous two days. But, whatever. Let's put thsi week behind us and try to keep our eyes on the bigger picture. To that end, here's a link to that Zoltan Pozsar article that was all the rage about a week ago: CS Poszar link And, if you're interested in...
The fedlines and presser have come and gone and the reaction to both has been remarkable to watch....which sets us up for a very interesting market reaction into the end of the week. Here is the full red-lined edition of the FOMC fedlines: After a discussion of this and further discussion of Powell's presser, we conclude with a look at the images below. You'll notice that the charts for today are...
It was another lousy day in the Comex metals as it's now quite clear that there has been a deliberate effort made to crash backward both crude oil and gold after the soaring prices of last week. We can't have those rascally rooskis profiting from their misdeeds, now can we. So it just is what it is. Tomorrow brings the conclusion of the long-awaited March FOMC so perhaps the tide will turn as we...
It feels like 2021 all over again as the bond bears took over and expectations were renewed for as many as EIGHT fed funds rate hikes in 2022. While this is utterly laughable on the surface, that didn't prevent a thorough rout of nearly everything today and the Comex precious metals were no exception. So, anyway, it is what it is and was what it was. It's going to be a very long week and all of...
It's always good to hear from our old friend, Alasdair. He's an expert on London gold trading, global markets and macroeconomics so what a great time to get his thoughts on all that's currently going on in the world. This podcast was actually recorded on Wednesday but the topics covered are just as relevant today. You'll note that Alasdair mentions his new piece for GoldMoney which was set to be...
In the end, it was just "a day". Just like Monday was "a day", last Tuesday was "a day" and Friday the 25th was "a day". Tomorrow is a new day and prices are very likely to soon recover as none of the economic realities of Ukraine Crisis have changed. So let's put this day behind us and begin to focus on tomorrow's CPI and the weekly close on Friday. We begin today with a general recap and a...
Oh boy, what a day. And tomorrow may be more of the same so please be sure to give this podcast a listen when you can spare the time. There's just a lot going on and it's very important that you stay connected. I tried to do my best summation over these 22 minutes but there's so much out there that getting through it all is nearly impossible. So, after a general discussion of the day's events,...
It was another day where again there was so much going on, it's almost impossible to know where to start a recap. But that's just how it is in 2022. Welcome to the new world, Admiral Ramius. So, anyway, I tried my best to sum things up and recap the day's events in under 20 minutes. We start with a discussion of the links, images, embeds and screenshots below: https://www.zerohedge.com/...
And now for something completely different. Well, sort of. As you know, I've been adding some uranium exposure for about the past year but I've been wanting to get into lithium, too, as demand for the metal would seem to be quite strong in the years to come. So, to that end, I jumped at the opportunity to get acquainted with Steve Cochrane, president and CEO of Lithium Chile. Chile and Argentine...
It was a crazy end to a crazy week and next week promises more of the same. So please take some time this weekend to get caught up by listening to this weekly wrap-up podcast. As you may know, I'm headed to a Saturday conference so this podcast is being recorded and posted a little earlier than usual today. Later, I'll add headlines, links and CoT thoughts to the comments section but, for now,...
Tom Luongo is an old friend and an original "Turdite" from way back when as this site first got started in 2010 and 2011. He's now the proprietor of his own site and a clear, intelligent voice in warning as many as possible regarding the monetary events to come. You should be certain to check out Tom's website . Add it to your favorites list and then become a Patreon sponsor, too. His expertise...
It was a day where The Banks and the BIS threw the proverbial kitchen sink and Comex gold in desperate attempts to flush out some Specs and allow The Evil Ones to cover some shorts. They had some limited success but not much has changed in the geopolitical or economic environment so their gains may be short lived. And we had to navigate Chief Goon Powell, too, whom I've come to dislike more and...
Jeez, Louise. Another crazy day. Do you realize that the entire commodity board, without exception, was green? And how about the moved in the bond market where yields fell by double digits again today?? And what will tomorrow bring??? Come on in and let's talk about it. And I forgot to mention that PETUS is scheduled to give his annual State of The Union address tonight. My gosh, what might he...
Well, that was one crazy Monday. Now we wait to see where things go from here. One thing we know for certain is that war is a Pandora's Box that, once opened, leads to all sorts of unforeseen consequences and unknown unknowns. The title picture of this post is one I took back on Saturday during my one-day ski vacation to Colorado. It was a beautiful day and one during which I enjoyed the peace of...
It was a crazy week and it's finally over. However, we knew it would be crazy and that, given the circumstances, the Comex metals were likely to come under multiple bouts of selling pressure. And they did. But all in all, the weekly changes were about as expected. Comex gold was down $12, Comex silver was down just 1¢ and the GDX was off only 12¢. So we head into next week, still concerned about...
We first introduced you to Phoenix Gold in March of 2021. The past year has been a period of remarkable growth for the company where further results and progress have led to a name change. So with us today to discuss York Harbour Metals are CEO, Andrew Lee and Chairman, Bruce Durham. Again, this has been a tremendous year for this company. Since we first spoke with Andrew in March 2021, the share...
Add another day to the long list of long days of late. And if you've seen some of the recent headlines, tomorrow promises to be more of the same. But some exciting price movements have hit the PMs and mining shares so come on in and have a listen. We've got a lot to discuss. We try to cover all of this in our general discussion today but I'm not certain I got it all. Too much to discuss, too...
Well, was a crazy day 2/22/22 turned out to be. The day was full of geopolitical and military maneuvering but it was also full of the usual Comex option expiry shenanigans. So come on in and have a listen as we get ready for what will be a bust remainder of the week. For today, a full summary of the day's events that includes a discussion of this link and chart: https://www.sprottmoney.com/blog/...
Regular readers know that we post these podcasts every week in an effort to provide an honest and fair discussion regarding Ukraine Crisis. The program last evening was perhaps the most sober and thought-provoking episode yet. Please make the time today to listen to this podcast.
Blue Lagoon Resources is a company we first discovered about a year ago. We've since had three podcasts with the company CEO, Rana Vig, but today we go in a different direction. Many of you are familiar with the renowned geologist, Dr. Quinton Hennigh. Many companies seek out Quinton's opinion on their resources and properties so when Quinton discovers something compelling, it always gets my...
Well, a 3-day weekend is upon us and it's hard to believe that US futures markets won't resume trading until 6:00 pm ET on Monday. That's over 72 hours from now and it seems like an eternity, given all that's going on. I just caught the back half of PETUS' latest speech on Ukraine Crisis. He remarked that he thinks Putin has already decided to attack/invade but that diplomatic off-ramps still...
There's a lot going on and tomorrow is the last trading day before a 3-day US market holiday weekend. Therefore, please be sure to listen to today's podcast. No links today as there's too much other stuff to cover. After a lengthy general discussion of today, tomorrow and what may be ahead for next week, we discuss these six charts. Thanks for listening, TF
After last month's brutal reaction to the December FOMC minutes, we were a bit skittish today ahead of the release of the January FOMC minutes. However, all turned out well and CDG is now back into the green on the week. In the end, it seems that all the jawboning and gumflapping that Goon Bullard spewed over the past seemed to take the potential shock value our of the minutes. In fact, some of...
As you know, I've been a supporter of OneGold since its inception in 2018. I've also maintained a long relationship with APMEX as one of our primary advertisers. So, every now and then, it's fun to get an update directly from the companies. My guest for this call is Patrick Yip, Director of Business Development for OneGold and APMEX. As head of that department, Patrick is involved in many aspects...
There was a lot to cover today and I think I've git a few things for you that you're not going to hear anywhere else so please be sure to give this podcast a listen. With the Ukraine fears easing a bit, anything that is considered a "safe haven" was back down today. But it's not time yet to exhale a sigh of relief and we discuss this in today's podcast. We also discuss my latest Sprott Money post...
As many of you know, the old stockbroker in me can't help but advocate a balanced portfolio. In the mining shares, a balanced portfolio might include producers, explorers and royalty companies. To that end, it's great to welcome back David Garofalo for an update on his company, Gold Royalty Corp. We first discovered Gold Royalty Corp. last year, not long after its IPO onto the NYSE. Our most...
It was a wild end to a volatile week as geo-political tensions bubbled over late Friday. The Comex metals soared during the afternoon Globex session and ended the week nervous but poised for whatever Monday might bring. There's really not a whole lot of extra news to discuss this morning. The Friday afternoon trade really amped up into the weekly close and now we must all wait and watch the...
Wow, what a day! The highest CPI print in 40 years sent markets careening off in all directions. Bonds crashed, stocks plummeted and the POSX oscillated. Our Comex precious metals hung in very well until Goon Bullard suddenly appeared and seemed to lay the groundwork for fed fund rate hikes that might not wait until the next FOMC meeting in March. So, anyway, what a crazy day. I tried to make...
At least our string of three quiet days will finally come to an end tomorrow with the 8:30 am ET release of the latest US consumer price index. Will our streak of three up days in the Comex metals come to an end, as well? Well, I guess we'll just have to wait and see. In the meantime, all there is to do is update a few of the key charts and wait for the news tomorrow morning. So, after a general...
It was a quiet day but it was a positive day and finishing in the green is always preferable to finishing in the red. So there's really not a lot of news to cover in today's podcast. The main thing to notice was the CDG and CDS both rose again in the face of higher interest rates. The yields on the 2-year and 10-year notes were both up five basis points but CDG was up $5 and CDS was up 12¢. There...
It was a quiet day but a solid day in the Comex metals. With no scheduled news pending until Thursday, can we hold these gains and extend from here? Well, much of that will depend upon how the HFT algo inputs trade so come on in and let's talk about it. Again, there really wasn't much news today. So for today's podcast, just a general recap and then a discussion of these two links: https://www...
The week is nearly complete but it's not over yet. Tomorrow not only brings the latest BLSBS but also the latest BwT! So give this podcast a listen so that you're prepared for both. For today, a general recap which mentions the link, tweets and screenshots below: https://mises.org/wire/fed-trapped-it-has-no-room-taper-or-raise-rates#.... Again, The Fed has been blatantly lying to you for over a...
Groundhog Day was true to its name today as we lived another day that resembled so many on the past. A capping at key technical levels. Comex paper dumping. An afternoon Globex washback. And a price range that has now lasted nearly seven months. For today, there's not much left to say that hasn't already been covered in the morning thread comments. So, after a general discussion that left your...
Today was very likely the quietest day of the week and the Comex metals took advantage of a falling POSX to post some solid gains. The gains could have been more substantial but another MRC in the TIP...the 6th this month!...signaled higher real rates and this served to keep a lid on PM prices. But, anyway, for a Tuesday, this wasn't too bad. Tomorrow brings the ADP jobs report and Thursday will...
January is finally over and it ended with a nice bounce in the Comex metals. Maybe not quite as much of a bump as we might have expected, given the sharp drop in the POSX, but we'll take it and now we'll wait to see what February has in store for us. So the month is over and today we take a look at the monthly charts. But there's a lot of other stuff to cover so please check out the general...
It was at about this time last year when we first introduced you to John Lee and his company, Silver Elephant. Well, it has been a very busy year for the company and there is all sorts of progress to report so, whether or not you're a current shareholder, you should take some time this weekend to listen to this podcast. If you don't recall our first discussion from last February, here's the link...
It was a very frustrating week but it is what it is and it isn't as if we all couldn't see it coming. However and this is important, the understanding that The Fed is too late and the US economy has already into stagflation was reinforced today and, while the impact won't be immediate in the trend of precious metals, this is certainly going to help keep them from falling much lower in price. So,...
It was dreadful day and not just for our precious precious as the stonkmarket failed to hold its early gains and reversed lower, too. About the only items higher we longer-term treasuries and the POSX. So what will tomorrow bring? Well, first of all, there's a rash of data due at 8:30 ET and this will move the markets. After that, who knows how things will get positioned ahead of the weekend so...
Gosh, it's difficult to maintain your sanity on days like this. It was a doublewhammy of Bank price manipulation into option expiry and Fed Goon doublespeak from Chief Goon Powell. The only bright side is that the day is over and it's nearly time for an adult beverage. I'm sure there's not much more I can tell you than you already know...especially if you've been following along with the comments...
'Twas the night before the January FOMC and all through the markets, barely a stock was up and this presented quite the challenge to Santa Powell. So tomorrow finally brings the dreaded January FOMC. What will Chief Goon Powell say and how will he say it? Those are the chief questions for tomorrow. For today, though, just a general discussion in preparation for the big event and then a review of...
If today was any indicator of the week that is to come, then we definitely chose the right week to have another Hat Contest. The stonk market fell over 1,100 Dow points before rallying all the way back into the green. The stonk rally only commenced after rate hike expectations fell. So what happens now that stonks have bounced back? Well, I suppose that rate hike expectations will soon rise again...
Well, we knew this day would be interesting and volatile, particularly as it pertained to the stonk market...and the day did not disappoint. So now we head into the January FOMC week with stonks teetering into correction territory so it looks like next week will be crazy, too. So what drove stonks down today? Was it the Russia situation? Maybe The Fed? How about option expiration? Actually, it...
It was a very interesting day. I had a pretty good idea and plan for this podcast and then the final hour of trading on the NYSE brought a sharp selloff. A miserable earnings report from Netflix then accelerated the losses and now, all of a sudden, we have a very interesting Friday ahead. So the stonk market had already reversed and was trending sharply lower into the close and then this news hit...
It was a second, consecutive day of strong gains across the commodity sector following the surprise Chinese announcement of a rate cut early Monday. So what comes next? Are we now due for a period of consolidation or are more gains possible? Come on in and have a listen. For today, a general discussion of global events which included a mention of this link that several of you posted earlier today...
What a wild way to start the week! The bond market sold off sharply and stonks tanked. The POSX soared and yet, commodities rallied with crude oil and Comex silver both up 2.6%. What the heck is going on here? While it's hard to say for certain, what appears to be going on is a trend toward some of the items we discussed in this year's macrocast. Bonds selling off and higher yields driving a Fed...
As you know, from time to time we like to interview key executives at mining, exploration and royalty companies. The insights these people provide have proven invaluable in discovering and researching investment opportunities. Today we kick off the new year with a visit from Alastair Still, CEO of Gold Mining, Inc. This is not the first time we've discussed Gold Mining, Inc. This company has been...
It was a busy and volatile week but we made it through with CDG up over 1% and CDS up over 2%. Next week should be a bit more quiet but the January FOMC follows in the last week of January. So please give this podcast a listen as there's lots to discuss, including an update to the CoTs and some TAS footprints that were left behind. Since it's late and there's a lot to unpack on the latest CoTs,...
It was been a volatile week full of news and headlines and it finally draws to a close tomorrow. But don't give up on the week just yet as tomorrow promises to be a pretty important day for painting the weekly charts. Ahead of that, we spend most of this podcast recapping the day's events but also the the impact this week's data will have on markets in the days ahead. The US has a 3-day market...
The CPI has come and gone and now we await tomorrow's PPI as well as Goon Braindead's confirmation hearing. The week is far from over so be sure to check this podcast in order to be fully prepared for the days to come. Again, if you haven't heard the news regarding today's CPI, check the morning thread for a full recap and discussion. For today's podcast, we summarize the news of the day and look...
As Chief Goon Powell through cold water on the notion that his Fed was actively preparing to sell down its balance sheet, the POSX and real interest rates fell while the Comex digital metals rose. So now what will we see tomorrow? As you know, the next update on U.S. consumer prices gets released at 8:30 EST. It's going to be another crazy day on Wednesday so I suggest you look sharp and prepare...
It's going to be a wild and crazy week but the fun doesn't really begin until tomorrow so today saw some pretty tight price ranges for Comex gold and silver. Even the stonk market bounced back today from an early session loss of over 600 Dow points. It was if everyone wanted to square some positions and get light-footed ahead of the next few days. For tomorrow, check all the Fed Goons surrounding...
As you know, it's tradition to have The Golden Jackass stop by in December to give us his thoughts on the year that was and the year to come. Internet connectivity issues precluded us from having this conversation last week but we finally got it done yesterday. So here's a full hour of Jackass. Over the course of this call, Jim and I discuss all sorts of things, with primary emphasis on the...
LOL. So now we're supposed to believe that The Fed stands ready to not only taper QE and hike the fed funds rate, they're going to start "aggressively" drawing down their balance sheet, too. Oh my goodness. Here they are...playing the same mind tricks that they played five years ago...and yet the "markets" and media run around as if they've never heard these lies before. So, whatever. It is what...
It was an interesting day and I think you'll find this to be an interesting podcast. So come on in and have a listen as we have a number of things to discuss. For today, a general discussion of inflation and a mention of these three links: https://www.sprottmoney.com/blog/A-New-Year-For-Comex-Gold-Craig-Hemke-J... https://mishtalk.com/economics/trimmed-mean-inflation-is-the-ultimate-ab... https...
It was a dreary way to start the new year but, in all honesty, it could have been worse. So let's watch to see what happens overnight and then try to build back some of what was lost today as we progress through the week. For today, a recap of the day's events and an explanation of how/why it could have been worse. We also discuss this one ray of sunshine for the day: https://www.zerohedge.com/...
At long last, we can finally put 2021 behind us. The new year begins with a flourish with a busy first week so, if you can find the time, please give this podcast a listen over the weekend. For today, just a discussion of the week that was and how it played out almost precisely as expected, with the POSX falling back into its channel and the Comex PMs rallying as a result. Will that momentum...
The penultimate trading day of 2021 brought a pleasant surprise of a decent rally as both CDG again found support and bounced intraday. Now the question becomes...Can they hold these gains and extend on Friday and, in doing so, provide some momentum into the new year? Of course, the key will be the bond market and the POSX. Both provided some help today but will they do so again tomorrow? I think...
The theme this week has been to wrap up 2021 and look ahead to 2022. With that in mind, today's podcast features special guest, Lior Gantz. Lior and I discuss what worked in 2021 and what didn't but we also look ahead to the factors for 2022 that should finally reverse the consolidation and downtrends of 2021. If you're not familiar with Lior, you can find his work at his website . While on his...
It was another frustrating CoT Tuesday after prices rallied overnight, only to be smashed backward as soon as Comex trading began. We were hoping for a brief respite and rally this week...and it may still happen. But today's smashes were so blatant that they reeked of a Bank attempt to keep a lid on price going into the month-end, quarter-end and year-end charts. We'll see. Tomorrow is another...
It was an extremely light trading day and this was reflected in price as AlgoHell took over. Tomorrow may be a little busier but the key to the week will be the POSX as any sustained drop below 96 should bring the buying impetus needed to finish the year on an UPtick. For today, just a recap of the trading day and a reference to this link and three screenshots below: https://www.federalreserve...
Since there was no trading at all today as it's Christmas Eve, I figured we should just move on from yesterday's thread and start this new one. Not much to discuss today other than the usual daily and weekly charts. However, please be sure to give this a listen and follow along if you can. We appear poised to finish the year on an uptick but whether or not that momentum can be sustained into...
We'll try to keep this brief today because I've got stuff to do and I'm sure you have stuff to do, too. But today was an interesting day as it was somewhat surprising to see the Comex Digital Metals rally a bit when the algo inputs would have normally driven them both lower. YOUR IDIOT HOST MISREAD THE TRADING CALENDAR AND JUST REALIZED THAT THERE IS NO TRADING AT ALL TOMORROW AND...
Another solid day for the precious metals and commodities as the POSX fell along with interest rates. But tomorrow will be a busy day full of economic datapoints that will move the "markets" so please be sure to listen to this podcast in preparation. Since we're approaching Christmas and since news is light, today's podcast is just a rambling general discussion, followed by a review of the images...
In a stunning development, Comex gold prices fell on a Tuesday. How many times has that happened over the past few months? But there's all sorts of good news and positive vibes today so come on in and give this podcast a listen when you can. As you may know, I'm currently with MrsF and the LTs. We are at my in-law's home, helping MrsF's mother and preparing for Christmas. This is taking some of...
It was a frustrating Friday as seemingly every single uptick in the POSX led to two downticks in CDG and CDS. However, if I'd told you last Friday that we'd successfully navigate this FOMC week with a 1+% gain in CDG and 2+% gain in CDS, I think you'd have taken it. So let's wrap up this week with a focus upon the good and not the bad, the hopeful and not the hopeless. It's the holiday season,...
It was a very constructive day in the precious metals and the very real possibility exists that we've seen a trend change and a rally into year end has begun. So, please take some time to listen to today's podcast. For today, I tried to cover a lot of information in a short amount of time so please follow along as we discuss the events of the day and a few other important items that are on my...
It has been a crazy day...and it's not over yet...but my schedule is such that this podcast needed to be recorded and posted before Chief Goon Powell could finish his "press conference". As mentioned this morning, I'll be leaving momentarily to take MrsF to the airport. However, I'll return later this afternoon and will post updated daily charts at the bottom of this page. As for the Fedlines......
A weird and unusual day concludes with this weird and unusual podcast that is recorded and posted at a weird and unusual time. But we live in a weird and unusual word of fake markets, fake news and fake prices so I guess it just is what it is. For today, a totally unscripted flow of consciousness that may be hard to follow at times. But I had a lot on my mind and very little time to spit it out...
The week begins with a tighter-than-usual range for both Comex gold and Comex silver. So let's take some time today to discuss two other very important topics...tax-loss selling and inflation expectations. Both of these topics are important as the year draws to a close so please be sure to listen to this podcast so that we're all on the same page. You might also review this link and chart from ZH...
The week ends but it's not time to call it a year just yet. Next week brings the PPI, retail sales and the much-anticipated December FOMC meeting. So come on in and give this podcast a listen in order to prepare for one more volatile 2021 week. For today, just a general discussion of the day's events, including the latest US inflation data...what it means historically and how it impacts the...
Our old friend James Turk stops by today to discuss the global gold market, the coming implementation of Basel3 on the LBMA and his new book, " Money and Liberty ". If you listened to the Thursday Conversation last week, then you likely heard the end of the call where Alasdair Macleod mentioned James Turk's new book. Given that we are still three weeks away from the LBMA's Basel3 deadline, I...
As we slouch toward Friday and the latest update on CPI inflation in the US, today was a quiet day. And you know what happens on quiet days? The computers take over and we spend a day in AlgoHell. So there's not a lot new to discuss today that we didn't already cover this morning. To that end, we have a brief, general discussion before moving to a review of the charts below. Please stick around...
Tuesday, December 7, 2021...a date which will not live in infamy...and that's just fine with me. Instead, it was a day of "risk asset" recovery as more reports indicate that Omi may not be as deadly as first feared. So it was "risk on" as the stockroaches used to like to say. We saw this in stonks, bonds, the POSX and the commodities. Will this sort of trade continue into tomorrow and Thursday?...
It was a quiet start to a week that is destined to not end quietly. Maybe we should simply enjoy the respite? Maybe. So, for today, there is no pressing news and no need for outside links. Instead, just a general discussion of current events and then we note the ongoing Bullion Bank disdain of position limits, this time from Bank of America. And then just these four charts, which come with a...
The week ends in intriguing fashion as the bond market soared through the day, which inspired very nice bounces and rallies in both Comex digital metals. So now we enter a very volatile period with at least a little bit of wiggle room on the chart. Again, it was a crazy day as "the markets" begin to look past the next round for Fed rate hikes and ahead to the round of rate cuts that would follow...
During our Q&A session last week, I noticed that many of you still had questions about Basel3 and its impact on the LBMA after 1/1/22. So I again sought out Alasdair in the hope that we could once more seek some clarity on what to expect once the calendar flips into the new year. I had thought that this might be a brief conversation but, once Alasdair got going, he provided so much extra...
It was another challenging day across all "markets" as stonks fell sharply, bonds rallies, the POSX was flat, CDG was solid but CDS was routed. So please take the time to listen to today's podcast but also please take the time to watch the video that embedded here, too. Today's podcast begins with a general recap of the day's events and another warning that things look pretty dicey at present and...
In another crazy, frustrating day of trading, almost everything with a bid was sold today with the exception of longer term treasuries, which rallied again on fears of a Fed "policy error" and future deflation. You and I both know how nonsensical those fears are but that makes zero difference in the grand scheme of things. Chief Goon Powell can wave off the "transitory" BS while making verbal...
Here's another new name for you to consider in the exploration space. Nick Luksha is president of Prospect Ridge Resources and he stops by today to explain why he and his team are so excited about the company's prospects in 2022 and beyond. This is another company with which I was unfamiliar until a few weeks ago but what do we always state as two important metrics in exploration? Jurisdiction...
It was a frustrating day made even more aggravating by some technical difficulties with this podcast. But tomorrow is another day and it will be a volatile on, at that. So, about those technical difficulties...Four times during the recording of this podcast, my GarageBand app froze up and stopped recording. I tried to carry on but having to restart from where it left off each time messed with my...
What an unexpected and wildly volatile day to end the week as news of a new Covid mutation grips the world with concerns of new lockdowns. Just about everything with a bid was sold and the only thing green was Comex gold and the bond market. What happens come Monday? Your guess is as good as mine but please be sure to have a listen to this podcast over the weekend. As we've discussed all week,...
It was a mostly quiet, pre-holiday trading day and tomorrow brings the US market holiday of Thanksgiving. So here's just a brief summary podcast of the day's events and a chart reset with levels to watch through the Friday close. For today, a discussion of the news that has come in since the data dump this morning. And what news was that? Primarily just this...the minutes to the "taper FOMC...
It was a very busy news day...much busier than I would have expected given that it's a holiday week here in the US. So come on in and have a listen as we try to bring you up-to-speed with all that is taking place and we discuss some week end price goals for the Comex metals, too. Again, there was no shortage of things to cover today so let's just dive right in. When you can, please be sure to...
After PETUS moved to reinstall Chief Goon Powell for another four years, the POSX soared, the bond market tanked, real rates moved higher and the Comex digital metals got smashed...and conveniently, right before the big Dec21 option expiration day. So today's podcast was just a summary and summation of the day's events. There was a lot going on and no shortage of things to discuss...and most all...
Be warned, this is not a happy podcast. In fact, your host has found himself in a dark place this afternoon and it seems almost impossible to record something light and cheery as the world around is deliberately made to spin out of control. The lies, fraud and criminality are pervasive and how do we escape? Can we escape with our safety, our love of mankind and our civilization intact? These are...
Man, what a worthless day. Even though we got the euro rally and POSX drop that we discussed yesterday, Comex gold and silver still sold off as Bank shenanigans began to increase ahead of next week's Dec21 option expirations. Maybe tomorrow will be better? Maybe, but I'm not holding my breath. Instead, with Goon Chlamydia on the docket for 12:15 ET, The Banks will likely use anything they can...
Well, we've made it through the first three days of Goon week with our collective sanity intact. Unfortunately, there are still 48 hours to go before we can shut things down and paint the weekly charts. So come on in and have a listen to today's podcast as we hope to end the week on an UP note. For today, no new links or news items. Instead, just a general discussion and a mention of these three...
As you know, we've been supporters of the OneGold system since its introduction back in 2018. However, I still get questions from time to time about how OneGold operates so I thought it would be a good idea to record this Q&A session with Patrick Yip, who is Director of Business Development for both OneGold and APMEX. And let's not forget about APMEX, too. They've been a longtime supporter of...
It was an OK day, which is somewhat surprising given the massive Bank short positions and the rising POSX. But what will tomorrow bring? Let's talk about it. So the week is underway with the Comex metals slightly down while most of the mining shares were slightly higher. Tomorrow brings the latest US retail sales data at 8:30 am EST so be on the lookout for that, as well as any random Fed Goon...
When we were first introduced to Kevin Smith and Gold Mountain back in early June, the slate of goals laid out for the remainder of 2021 seemed aggressive. However, Kevin and his team have achieved all of those goals and now lead Gold Mountain into 2022 with a solid balance sheet and actual gold production to back it up. In fact, there have been several exciting developments in just the past few...
It was a great week and Comex gold has now painted seven, consecutive green candles onto its daily chart. While that winning streak won't go on forever, the stage appears set for a challenge of $1900 and beyond in the days to come. So have a listen to this podcast recap and then go enjoy your weekend. For today, we somehow avoided the smash that I felt was almost certainly coming. Oh sure, CDG...
With no Banks around to muck things up, it was a quiet and peaceful day in the Comex metals and mining shares. Too bad they can't take the rest of the week off, too! Instead it will be all hands on deck tomorrow as we close the week and you can be almost certain that prices will get raided and smashed at least once before the weekly charts get painted. But that's for tomorrow. For today, let's...
What a crazy day! The investment world is finally waking up to the fact that price inflation is NOT transitory...and this has sent rippling impacts through the forex, treasury and precious metals markets. The most important point I can make today is perspective. Yes, CPI inflation went screaming higher today but we already knew that was the case. What we didn't know was how the other markets...
It was another fascinating day in the treasury and gold markets. The latest PPI showed an annualized rate of producer inflation at 8.6%...yet the bond market RALLIED on the news. Are more folks beginning to read the tea leaves regarding Chief Goon Powell? Maybe. Come on in and let's talk about it. The first thing to see is the post I wrote up for Sprott Money this week. I wanted to get publicly...
It was the third consecutive day of solid gains for the Comex digital metals and we're starting to think we may be onto something as for why this rally has begun. So come on in and have a listen as we attempt again to connect some dots. (Yes, the cover image is one of the dots!) Anyway, it was a busy day with the Comex metals generally following a pattern if upticks, despite some marginally...
We first learned of Nevada King at about this time last year and then followed up last May by bringing in Dr. Hennigh to discuss the company's resources. It's time to revisit things today with this new podcast featuring Collin Kettell, the company's founder and CEO. And you definitely need to understand something before you listen. Not only is Collin the CEO of Nevada King, but he's also...
It was a fantastic end of the week with Comex Digital Gold surging over 3% over just the past two days. And so now what's next. The week to come promises to be eventful and the charts appear set up for more upside so come on in and have a listen to this week's summary podcast. First of all, it was a great day...and on BLSBS Day, too! But, to me, there's no doubt that some very significant things...
The Comex digital metals soared higher today as global bond markets rallied on the latest news of no interest rate hikes in the U.K. But tomorrow is another day and, with it, comes the latest BLSBS so please be sure to give this podcast a listen in preparation. To that end, no links or outside information today. Just a thorough discussion of the day's events followed by a review of the charts...
Chief Goon Powell has come and gone and left in his wake the taper schedule that we all expected as well as a rare peek behind the curtain at just how insidious and evil the current central banking monetary regime really is. If you want a full summary of what CGP said and didn't say, of course you should always check Zerohedge. Here's their link: https://www.zerohedge.com/markets/fomc-0 And...
It was a quiet news day but that didn't stop the usual Tuesday whacking of Comex gold and silver with CDS at one time being down as much as 3%! But tomorrow will be another day as it's full of datapoints and then it concludes with the November fedlines and CGP press conference. There really wasn't much actual news today. Yours truly took one for the team today and actually sat through PETUS's...
The week begins with the Comex metals recapturing a large percentage of what they had taken away from them back on Friday...and that's nice. But the real action will be coming later this week with the November FOMC and BLSBS. It's a long way to Friday so let's get the week started with today's summary podcast. For today, just a general discussion of the week to come and one last look at the week...
It was a day of crosscurrents and continuous offer by the bullion banks. So, despite a steep drop in the POSX, neither Comex digital metal was able to crank out a gain. The Q3 GDP came and went and, with it, any hope for a sustained US economic recovery. As the US economy slouches toward its inevitable stagflationary recession, bond rates spiked a little while the POSX puked. These two...
It was deja vu all over again today with price action that closely resembled last Friday, all the way down to the printed CDG low of $1784. So now what comes next? Will price recover on Wednesday the way it did on Monday? We'll see about that and the 8:30 am ET durable goods report will have an impact. If anything, though, it is worth stating again that today's low in Dec21 CDG was almost...
The week begins with a rally...which is nice, given how last week ended. And we're likely to move even higher in the days leading up to the November FOMC meeting. How much higher? Come on in and have a listen. No links again today as the news flow was pretty light. Just a general discussion of the day's events, followed by a thorough examination of the charts below. And I just discovered this on...
Ask and you shall receive and, as you know, at TFMR we aim to please. Several of you wrote to ask for a few new silver names and last week we brought you Altaley Mining, a silver exploration company that's about to begin production in Mexico. Well today we bring you another silver company with interest in Mexico but this one is much smaller and farther under the radar. The idea is that, some day...
Yes, yesterday was one of the most overt and cruel bouts of price manipulation we've seen in quite some time. But it's important to remember that the new trend remains in our favor and that The Banks have switched from offense into defense. To that end, please take some time this weekend to listen to this podcast. It's Saturday morning and, as I type this, it's already after noon on the US east...
An old friend of TFMR, Tom Luongo, stops by today for this week's Thursday Conversation. Tom first visited with us back in May and the response was so positive that I was under orders to get him back here on a regular basis...so here he is. If you're not familiar with Tom and his website , you should be. Tom does a great job analyzing current events, connecting the dots and then making forecasts...
The Comex Digital Metals staged a solid rebound and rally today after another early-session attack by The Banks. So now we are once again set up for a very interesting late week before painting the charts come Friday. No extra links today. Just a general discussion and a review of the charts below. That's all for now. TF
A solid morning turned into a dreary afternoon as Bank algos chewed up a large portion of the earlier gains. But don't let your heart be troubled. The Fed is falling further and further behind in their attempts to manage the situation and this will all soon have an impact on our precious precious. So here we are again today...behind schedule. And, as I explain in this podcast, it's likely to...
The week begins with a yawn but it's unlikely to remain dull and listless in the days ahead. So let's assess where we are and where we might be headed from here. It has been a long day of shuttling and doctor appointments and this has put me behind the eight-ball in terms of time. So let's get right to it today with this podcast. First, please be sure to review these links when you get a chance:...
As you know, we like to record one or two of these special podcasts per month. Recently, we've tried to branch out into royalty companies and other metals such as uranium. However, we still focus on precious metals here and I'd gotten some feedback and requests for new silver mining ideas...and that's what we have for you today. David Rhodes is Chairman and Director at Altaley Mining and this is...
It was another brutal day of Bullion Bank Cartel gold price manipulation but all is not lost. And yes, we did finish the week with green candles on the weekly charts so let's put this week behind us and begin to look ahead to the rest of the month. Just as we saw back on September 7...and just as we feared would happen yesterday or today...The Banks acted swiftly overnight to smash the gold price...
The week is 80% over and a very interesting Friday remains before we can paint the weekly charts. Will they be painted with big green candles or will The Forces of Darkness attack and drive us backward? We'll know soon enough, I guess. For today, a general discussion of the day's events and a reminder of all the things we've been watching as we await the inevitable turnaround and trend change...
It was a volatile and potentially significant day in the Comex precious metals but now it will be very important to see where things head tomorrow and Friday. And why is that? Come on in and let's talk about it. So for today, no extra links or news items. We'll worry about that tomorrow. Instead, just a 20-minute monologue that explains the significance of today's price action....and the looming...
Things began to get more interesting today with the first initial recognition by a Fed official that inflation may not be so "transitory". And what have we always warned about the market reaction once this reality finally takes hold? The move will be gradual and then all at once. So for today, a general discussion that includes these four links. Please scroll through all of them: https://www.msn...
It was a dull, listless and useless day as many market participants were on holiday and that left The Machines to dominate the action. Tomorrow will be better in terms of volatility but perhaps not in price. So for today, just a holiday-shortened summary of the day's events and a request that you review these two links: https://www.zerohedge.com/markets/its-disastrous-day-all-hell-breaks-loo.....
BLSBS Day comes and goes and, after a strong early rally, the prices of both Comex digital precious metals fell back to slightly down on the day and nearly unchanged on the week. So what comes next? Next week begins with a holiday and then Wednesday brings both the latest CPI and the FOMC minutes from last month. Therefore, expect another week where the jackbooted thugs of the bullion banks keep...
Our old pal Rob Kirby stops by today to share his thoughts on the craziness apparent everywhere in the capital markets of 2021. If you're not familiar with Rob, you should be. He's a former bond trader turned analyst and forensic economist. His website, Kirby Analytics , offers a unique subscription service that you might enjoy. Be sure to check it out. For today's call, Rob and I mainly focused...
It was another day in our long national nightmare as we progress toward the debt default our politicians warn us is most certainly coming if the "other side" doesn't soon come to its senses. As you know, this is all simple political BS but that didn't stop the headlines from wiggling the "markets" all day long. So for today, just this summary of the nonsense from ZH: https://www.zerohedge.com/...
It was an odd day of crosscurrents in the Comex precious metals with the POSX and interest rates rising but also a big jump in inflation expectations due to another rally in the energy sector. So for today, just a lengthy general discussion that covers all of these links and tweets: https://www.sprottmoney.com/blog/Ahead-of-the-BLSBS-Craig-Hemke-October-... https://www.axios.com/trillion-dollar-...
What an interesting day this turned out to be. The Comex digital metals were down early but an acknowledgement from Goon Bullard seemed to discredit Powell's "transitory" narrative. And then Facebook crashed...which ruined Zuck's day but likely made more than a few of you smile. For today, just a summary and recap that included these two links: https://www.reuters.com/world/us/feds-bullard-us-...
It has been a difficult year in the mining shares so when I invited Joe Mazumdar for this podcast, I knew we had a lot to discuss. However, this week's merger announcement between Kirkland Lake and Agnico Eagle certainly makes this podcast quite timely for anyone interested in the sector. If you've been around here for a while, then you know I have great respect for the work done at Exploration...
Expecting the selloff doesn't make it any easier to watch, that's for sure. However, the bright side is that we are now much closer to a tradable and stackable low....so there's that. It was simply a No Fun Day here at the No Fun Zone. The POSX rallied all day on identical comments made by Goon after Goon...as if somehow this is all news that was being heard/read for the first time. And the short...
It was a day of melodrama on Capitol Hill as Mother took center stage and inserted herself into The Great Debt Ceiling Debate. And as we wrote this morning...whatever. They can talk all they want but here's the only chart that matters: https://www.zerohedge.com/political/chaos-hill-progressives-threaten-nuk... And speaking of charts that matter, here are the six we review today: Thanks for...
The week began slowly that but doesn't mean it was a slow day so please take a few minutes to get caught up with your daily podcast. There was certainly no shortage of news to discuss today and, even with the Comex PMs quiet and rangebound, there are other markets and names that deserve some attention. We begin today with a discussion of these three links: https://www.cnbc.com/2021/09/27/fed-...
You may recall that we first met David Garofalo back in June when Gold Royalty Corp was in the process of acquiring Ely Gold Royalties. With that merger now complete, I thought it was time to hear from David again so that he could bring us up-to-speed on all of the exciting new developments at his company. Again, Gold Royalty Corp is a fascinating company and I've a proud shareholder. David...
It was a long and difficult week but, while the lows for the year may not be in yet, the CoT reports indicate that we are getting awfully close. On that note, let's wrap this week and put it away. No news or links today, just a general discussion of what is expected to come next and then a review of the charts below: And we try to close the week on an emotional uptick with a review of your latest...
It was another dismal day and the hopes for near-term improvement appear to be dismal, as well. But it is what it is and we have to talk about it. So, for today, a sober assessment of where we are and where we appear headed in the weeks to come. We begin with this link and tweet: https://decentralizedlegalsystem.com/us-congress-central-bank-digital-cu... “We’re investing heavily right now in...