TF Metals Report

TFMR Podcast - Tuesday, November 10

info@tfmetalsreport.com (TF Metals Report) — Tue, 10 Nov 2026 17:40:02 -0500

With TF

Some days are just disappointing and stupid and today was one of them. Just like last Friday in a way and what was the common denominator? Data from the BLS...everyone's favorite useless .gov agency!

The good news is that we won't have to worry about useless .gov data tomorrow as it will be Armistice/Veterans Day and all .gov offices and agencies will be closed. Throw on a holiday...

CPI Tuesday

info@tfmetalsreport.com (TF Metals Report) — Tue, 10 Nov 2026 08:00:00 -0500

By TF

50 Comments | 17 Likes

Here's a thread to start your day as we wait to see the CPI numbers and then watch to see how the "markets" react. Hotter, cooler or right in line, it's bound to be another volatile day.

Let's start with some forecasts of what's expected out of the October report. And a reminder...since the US .gov was shut down last October, the BLS feels that it can't accurately post a YoY number...

TFMR Podcast - Monday, November 9

info@tfmetalsreport.com (TF Metals Report) — Mon, 09 Nov 2026 17:31:15 -0500

With TF

23 Comments | 19 Likes

The week is 20% kaput and if we could just repeat today's performance four more times this week, we'd really have something. Alas, that's unlikely and tomorrow will brings its own set of challenges so please give this podcast a listen as we summarize and look ahead.

For today, a full general discussion regarding number of pertinent issues and then these images:

Followed by...

It's Not How You Begin...

info@tfmetalsreport.com (TF Metals Report) — Mon, 09 Nov 2026 10:23:34 -0500

By TF

37 Comments | 19 Likes

A new week dawns and, with it, some optimism for peace, a falling POSX and rising PMs. But, as you know, it's not how you begin the week that matters and another long slog to Friday awaits.

Let's start with what we know is coming. Below is the list of scheduled news where emphasis will quite obviously be placed upon the CPI and PPI.

But and as usual, it's the unscheduled...

TFMR Podcast - Friday, November 6

info@tfmetalsreport.com (TF Metals Report) — Fri, 06 Nov 2026 17:30:42 -0500

With TF

79 Comments | 23 Likes

If anything, this week was another instance of undisputed proof of TFMR Adage #1. Yes, we had a good week but have you already forgotten just how bleak things appeared one week ago today?

As such, let's just be happy that we successfully navigated this week with a gain of over 4% in gold, over 5% in silver and over 10% in the GDX. Not too shabby. As for next week? Ooof. Let's see how...

Useless Information

info@tfmetalsreport.com (TF Metals Report) — Fri, 06 Nov 2026 09:56:26 -0500

By TF

43 Comments | 21 Likes

At this particular hour in history, the uselessness of a particular government statistic is hardly something with which we should be concerning ourselves. But, since it has been a pet peeve of mine for over a decade, let's start with the latest edition of what we appropriately call the BLSBS.

We've joked this week that after the wild swings of the past several months...and after last...

TFMR Podcast - Thursday, November 5

info@tfmetalsreport.com (TF Metals Report) — Thu, 05 Nov 2026 16:26:46 -0500

With TF

36 Comments | 14 Likes

It was one of the rarest of days where stonks got absolutely smashed yet gold and the mining shares were pleasantly green and higher. We have no way of knowing how things might change tomorrow but, at least for today, it was kind of fun to watch the stonkroaches run around in panic as they experience the sort of hammering to which precious metal enthusiasts have unfortunately become...

Thursday Morning

info@tfmetalsreport.com (TF Metals Report) — Thu, 05 Nov 2026 08:00:00 -0500

By TF

52 Comments | 18 Likes

I'm going to get a late start on Thursday morning so I'm taking some time late Wednesday evening to write up this new thread. I'll be around, however, and adding thoughts and charts to the comments section as the day continues.

First up, where are we as I type this? It's a little after midnight ET and the Shanghai and Asian markets have been open for several hours. As of this moment...

TFMR Podcast - Wednesday, November 4

info@tfmetalsreport.com (TF Metals Report) — Wed, 04 Nov 2026 17:18:39 -0500

With TF

25 Comments | 18 Likes

Whether or not you're happy with the US election results, I think we can all agree that we're happy with the market reaction as the PMs surge and the GDX posts a gain of 9%. So, that's nice. But it's also just one day so the price action the remainder of this week will be key in determining whether or not this week is marking a turnaround and the start of a year-end rally.

All of...

Feeling Blue

info@tfmetalsreport.com (TF Metals Report) — Wed, 04 Nov 2026 10:18:02 -0500

By TF

38 Comments | 23 Likes

As we've discussed over the past few days, it appeared that Trump was going to receive a massive repudiation in the midterm results...and, boy, did he ever with the Blue Team taking majority control of both sides of the U.S. Congress. What comes next? How about two years of endless subpoenas, investigations and impeachments. If you thought that 2019 ands 2020 were ugly and divisive, that...

TFMR "Podcast" - Tuesday, November 3

info@tfmetalsreport.com (TF Metals Report) — Tue, 03 Nov 2026 15:47:00 -0500

By TF

50 Comments | 20 Likes

As mentioned this morning, my schedule is such today that I'll be unable to record or post a timely audio podcast. Instead, here's just a brief chart update with some audio and video links for your listening pleasure...or pain, depending upon your point of view.

First of all and as for the US elections, there are an abundance of posts on X regarding exit polls and what they might...

Election Day

info@tfmetalsreport.com (TF Metals Report) — Tue, 03 Nov 2026 11:14:00 -0500

By TF

25 Comments | 15 Likes

We've reached mid-term Election Day in the U.S. and no one knows for certain how it will turn out. A much more pressing concern is what happens tomorrow or the day after as Trump and Bibi had promised for weeks that no new attacks on Iran would occur until after today.

And that seems to be the most important driver today...uncertainty. That and some prolonged silver liquidation...

TFMR Podcast - Monday, November 2

info@tfmetalsreport.com (TF Metals Report) — Mon, 02 Nov 2026 17:26:47 -0500

With TF

42 Comments | 18 Likes

After the events of late last week, any kind of selling respite is welcome, regardless of the rationale for it. As such, today's price action was very welcome. But it's going to be a VERY long week and the next 96 hours are going to be as consequential as they are volatile so please take the time to review the information contained on this page and in this podcast.

Let's dig right in...

A Hopeful Uptick

info@tfmetalsreport.com (TF Metals Report) — Mon, 02 Nov 2026 10:21:14 -0500

By TF

36 Comments | 21 Likes

The new week begins unusually...with some possible good news. How long has it been since we've been able to say that? But there might be some hope for a real breakthrough in the Iran War and, though it's likely to all blow up again by tomorrow, the optimism is prompting some green candles as the week begins.

Let's start there. Here are some headlines:

TFMR "Podcast" - Friday, October 30

info@tfmetalsreport.com (TF Metals Report) — Fri, 30 Oct 2026 17:43:55 -0400

By TF

86 Comments | 20 Likes

Let's see....When have we seen this before? Why does this feel like deja vu, all over again? And how many times this month has Comex silver fallen by over 5% in a day?

Let's start with the volatility, which we all know has been exacerbated by the near-record low open interest and lack of market depth. Since the January but particularly since the Iran War began, the end of the month...