With TF 23 Comments | 13 Likes It was another crazy, wild and volatile day across the "markets". Comex gold and silver rose and fell with the headlines but the news regarding copper helped prices, as well. For tomorrow? Well, let's just see how things go tonight before worrying about tomorrow. For today, a full summary of where we are as of the recording of this podcast. Here are two links to review. The first is ..read more

By TF 45 Comments | 13 Likes After a busy weekend, we start a busy week today with more economic data, more Goons than you can count and more fears of widening war in the MENA. So, welcome back. I hope you survived your weekend as well as Israel survived Iran's rocket barrage. That event has now come and gone and the only remaining issue is what will be Israel's next move. Will they stand down or will they feel ..read more

With TF 20 Comments | 13 Likes My apologies, everyone, as this is not a very good podcast...at least it didn't feel like it as it was recorded. The events of the day have left me discombobulated and sort of messed up mentally. And of course my fear is that things are only going to get worse over the weekend. Maybe it's not as disconnected and disorganized as I thought but I did almost forget to discuss the CoTs so ..read more

By TF 45 Comments | 6 Likes The Sum of All Fears looks to play out this weekend and global markets are reacting accordingly. We can talk about prices and such today but perhaps it's more important to be reminded that now is the time to remain situationally aware and alert. The markets will still be here on Monday but, beyond that, we can't be sure of much else. I was poolside in Vegas for U2 weekend when I ..read more

With TF 11 Comments | 6 Likes James Anderson is an old friend who works alongside many other old friends at SD Bullion. James does terrific work as a commentator and analyst so it was great fun to have him in for this week's podcast. Of course, SD Bullion has been around for about as long as TFMR and it has been an honor to consider Tyler and the crew as friends over the years. They are also a supporter and ..read more

By TF 6 Comments | 3 Likes It is a quiet day, at least so far. The latest PPI data came in slightly "cooler" than expected and it prompted a quick rally in the Comex PMs...a rally that just as quickly evaporated. Our friend AGXIIK sent in this guest post a few days ago but it has been too busy this week to get it posted. Since today is more clam than I anticipated, I figured now was the time. I'll add more ..read more

By TF 46 Comments | 13 Likes For now, our boy Jerry is having it both ways. He has driven the fed funds rate dramatically higher over the past two years but, on the surface, the U.S. economy has seemed to continue growing. But now inflation is returning and Jerry has said that any weakness in the labor market will bring a rate cut, inflation be damned. So what happens in the months ahead is going to present Jerry with ..read more

With TF 6 Comments | 4 Likes I promised you a wild and volatile week and that is certainly how it's playing out with more to come tomorrow and Friday, too. As such, please be sure to get caught up by giving this podcast a listen. For today, a full recap of the day's events and a look ahead to the rest of the week. Let's start with these four images: Let's conclude with all of these charts ..read more

With TF 16 Comments | 8 Likes Another day where your podcast is recorded and posted later than usual due to string price action on the afternoon Globex. Which, don't get me wrong, is just fine with me! It was a very volatile day but, once again, both CDG and CDS sprang back from their lows and then continued to gain all through the afternoon. Does this set us up for another string night in Shanghai and London? We ..read more

By TF 37 Comments | 10 Likes Well, we've made it to Tuesday. The end of Ramadan and the start of the wider war in the MENA? Yes to the former and a maybe to the latter. What we do know is that there is no scheduled news today. No Goons and no data. But that all changes tomorrow so we'll see where we go from here. Today is a sort of relative quiet...and further rally. But the unknown unknowns begin to arrive ..read more