- the dollar continues to be the cat’s meow
- the Petrol Currencies get out of bed…
Good Day… Marvelous Monday to you! Also, it’s Columbus Day, or Indigenous People’s Day… Normally, back when I worked, we would get off on this day… Hey! How about my beloved Mizzou Tigers? Now they get into the meat of their schedule… Go Tigers! But it was not an all’s good weekend, as my newly found team, the White Sox lost their winner takes all game for entry to the ALCS….The Guess Who greets me this morning with their song: These Eyes…
Well, the dollar went into the weekend up 2 index points to 1,225 in the BBDXY… We can’t seem to be able to put down days for the dollar selling together… UGH! A return to fighting, albeit here and there, is giving the price of Oil some love, and with a rising Oil price we have the rate hikers ready to point to inflation and that adds to dollar strength…
I know, that doesn’t sound exactly right now, does it? If a country is ransacked with inflation and the Central Bank has to raise interest rates to appear fighting the inflation, then that shouldn’t be good for the currency….Oh well, it is what it is…
Gold/Silver found their way through the SPT gauntlet on Friday and Gold gained $62, to end the week at $4,195, and Silver gained $1.64 to end the week at $60.95… I read over the weekend that Wall St. has become bullish on Gold/ Silver… But Mainstreet is still bearish, until they see the latest inflation data… So, now it’s up to Wall street and Central Banks to keep Gold/Silver in rally mode.
Oil rose on Friday to close the week, with the $91 handle… I told you that an Oil tanker got attacked last week, and that’s what I’m talking about when I say here and there…. POTUS assured us that no U.S. attack on Iran will come until after the mid-term elections are over…
And the 10-year Treasury’s yield fell from a 5.34% to enter the weekend at 5.23%.. This big move downward for the 10-year came as a result of Fed Head buying… Reportedly the Fed Heads have been in buying nearly every day…
In the overnight markets last night… The dollar got some love overnight and the BBDXY is up 1 index point this morning at 1,226.. Bot a lot of conviction there, eh? I wonder if the dollar has gone up as much as any trader feels comfortable with… I guess we’ll see, eh?
Gold / Silver are seeing short selling this morning… Gold is down $25 and Silver is down 22-cents… You’d have to think that the short sellers had taken the metals down are far as they willing to go… At some level they already have in their books just how low they will take Gold/Silver before they begin to start buying again..
Anyway, sentiment is a Big Deal folks, I’ve been telling you that since Big Joe was the POTUS… So, hear me now and listen to me later, it’s all about sentiment…
The price of Oil has bumped higher overnight and starts the day/week at $92.98… It’s nearly $93, so let’s call it that!
And the 10-year remained at 5.23% overnight, so no Fed Head buying in the overnight session….
Well, this didn’t happen overnight, it happened last week, but… On Friday, the POTUS revealed that Russia has agreed to supply 300,000 tons of diesel to America and international markets immediately, with more to follow in the coming months. In return, the U.S. has agreed to suspend energy sanctions against Russia.
This is a Big Deal, folks… it once again has put a chink in the U.S’s armor, but it drives wedge between Ukraine and Russia… Already the Ukraine leader, as dissed the agreement, as he’s trying to send drones to refineries to destroy them… And now a county that he depends on is in business with his enemy…
Speaking of Big Deals… Don’t skip the FWIW article today, it’s about how rising prices are placing people behind,,,,
The Chinese currency has taken a Big Ste today, as it was marked at a level below 6.70… China is a European price currency, so as it goes down in number the more it gains VS the dollar…. So, this is a good thing… eh?
I have to say that this has been the summer of belonging to the dollar, but I somehow think that this has stirred people to buy more currencies and Gold/ Silver… At least I hope so… I’m just saying…
The Petrol currencies are looking like they will be first ones out of their sick beds… The Russian ruble is back to the Leader of the Pack, and the rest of the Petrol currencies fall in behind the Leader… Following the leader, we are following the leader…
The U.S. Data Cupboard at least gets some data to report this week, headlined by the STUPID CPI which will print on Wed. Then on Thurs. We will see the color of the Sept. Retail Sales… which from the Butler Household Index (the BHI) we should see a big downward move from August’s 1.2% growth…
To recap… The dollar rebounded on Friday, and saw some lover overnight by 1 index point. In the overnight markets… Gold / Silver found their way through SPT gauntlet on Friday… POTUS says no more missiles until after the elections… I was hoping he would say, no more missiles, period….. The Tigers won VS Texas A&M… And Chuck can’t wait for the elections to be over, so the commercials go away….
For What It’s Worth… Well, I already told you what this article is about, so I won’t take up more of your time here… The article can be found here: Fed survey: U.S. family debt delinquency worst since 2010
Or, here’s your snippet: “The Federal Reserve released results of its 2025 Survey of Consumer Finances on Friday, finding that nearly one in five American families had fallen behind on debt payments by the end of 2025 — a level not reached since the 2010 survey, when the U.S. was emerging from the Great Recession.
That rate jumped to nearly 20%, up from about 12% in the 2022 survey, according to CNBC. The share of families at least two months overdue on payments also increased, reaching more than 8% compared with 5% in 2022, according to CNBC.
The survey, conducted every three years, also showed that the proportion of families whose debt payments consumed more than 40% of their income increased to 8.6% from 6.5% in 2022 — a figure not seen since the 2013 survey, the Fed said.
Despite the deterioration in debt repayment, other financial indicators showed improvement. Real median family income rose 7% to $82,200 between the 2022 and 2025 surveys, while real median net worth rose 2% to $215,900, the Fed said. On a mean basis, real net worth reached $1.24 million, a 7% increase.”
Chuck Again…So, we as a country of citizens are making more these days, but we’re getting behind on our payments.. High Prices have a lot to do with it, but so do credit cards… Don’t forget to pay then off at the end of the month!
Market Prices 10/12/2026: American Style: A$ .6970, kiwi .5598, C$ .7115, euro 1.1176, sterling 1.3240, Swiss $1.2006, European Style: rand 16,5441, krone 9.5690, SEK 10.0200, forint 326.89, zloty 3.9248, koruna 21.8193, RUB 83.91, yen 158.57, sing 1.2804, HKD 7.8474, INR 95.78, China 6.6971, peso 18.35, BRL 4.9187, BBDXY 1,226, Dollar Index 102.42, Oil $92.98, 10-year 5.23%, Silver $60.74, Platinum $1,695.00, Palladium $1,150.00, Copper $6.77, and Gold… $4,170
That’s it for today… I just hope that elementary schools sill go all out for Columbus Day… Hey! I know he didn’t discover America as we know it, But he discovered something and it wasn’t an easy quest! And besides it is tradition in the U.S…. And you know me and tradition! I ordered a pizza Saturday night and It was yummy, and cheap… I got it for only $10… Reminded me of my first data with Kathy, I took her to the movies and then to my favorite Pizza joint… Pizza-A-Go-Go… I think I only spent $20 for the night…. Trooper takes us to the finish line this morning with their song: Round, Round We Go…. I hope you have a Marvelous Columbus Dat today, and Please Be Good To Yourself!
Chuck Butler