- Ayn Rand Joins Us this Morning
- Tomorrow is Veteran’s Dau
Good Day… And a Tom Terrific Tuesday to you! Well, I made it up the stairs yesterday, you’d have thought I was a 90-year-old man watching me struggle up the stairs… But I’m going to the doctor today, she sent me a note that said she wanted to put a bag if IV in me… Well, something is up in AI or down I should say: A lack of a succession plan was thrown into sharp relief this week after Huang admitted to an affair with a woman suspected of spying on behalf of China. Nvidia is the heart of the AI system, and its problems could spill over to the rest of the AI companies… This is not what I wanted to wake up to this morning… UGH! The Atlanta Rhythm Section band and their song: Imaginary Lover greets me this morning..
The dollar is having a tough time the past two sessions, and after the overnight markets brought the dollar down, the U.S. session brought it down 2 more index points in the BBDXY… This what I would expect to see, given that our fiscal situation is horrible and we just voted in some people that will make our last POTUS look like a saver… and we all know he wasn’t one!
The price of Gold gained yesterday, while the SPTs tried to bring it down, Gold found a way to gain… Gold gained $28 on the day to end the day at $4,141… and Silver gained too, this time was $ 15 cents… Silver closed at $53.57…
The price of Oil slipped again yesterday with the price of Oil ending the day at $86.05.. This price of Oil will look to be on a roll again once the U.S. decided to retaliate and start this war with Iran again… Or, if the new party presses enough to get the POTUS to stop the war altogether then we may have a relief in inflation… The 10-year Treasury stayed at 4.87%. No Fed Head buying going on here yesterday.
In the overnight Markets last night… the markets were different in that they bought dollars and sold Gold / Silver. The dollar gained 1 index point in the BBDXY to 1,223.. No biggie… and Gold starts today down $59 and Silver $1.04…. We can blame the SPTs because Gold had gotten to within its 50-day moving avg. Both Gold & Silver are above the oversold level in the RSI… And that’s a good indication that they are ready to rally…
The Price of Oil slipped again last night and trades this morning with an $85 handle… And the 10-year Treasury perked up overnight as it sits this morning at 4.899%… So, the 10-year is close to 4.90% and that’s only a hop, skip and jump to 5%…
The U.S. held an auction for 3-year bonds yesterday and it was as if it got whacked by the ugly stick… The 3-year had the biggest tail since May.. It just shows to go you that foreign demand for Treasuries is waning… The “Sell America” has started… I’m just saying
Ed Steer has a great quote by Ayn Rand this morning…. “We are fast approaching the phase of Ultimate Inversion the stage where Government is free to do anything it pleases to do, while the citizens may act under permission. Which is the phase of the darkest periods of human history. The stage of rule by, brutal force.” You can find Ed here; www.edsteergoldsilver.com
OK, Chuck Again… this “Sell American” is really a thing folks, and can you blame them? The world order is in shamble, where once the U.S. were the leaders of the world… But they fooled around and fell in love, no wait! The fooled around and dropped Gold from its backing, they had budget deficits that lead up to over $40 Trillion in Debt, that they’ll never repay. They acted as policeman all over the word, and tried to instill the American Way. Among too many other things that have got the globe wondering about the U.S.
The POTUS said yesterday that he plans to hold off, for now, retaliation of the Iranians because of appeals from other countries… as 9 tankers head to the Gulf to help the tankers that are on fire… This is holding off is hurting the price of Oil, and the dollar… Is he too chicken to bomb? Or, is he ready to come to the negotiation table? I think it’s the latter of the two…
The U.S. Data Cupboard has the STUPID CPI for us today… It’s expected to rise .2% which will put the yearly rate at 3.9%… Might as well, call it 4%… But then made up numbers make up the STUPID CPI anyway… Why not make up some more? Then we have a plethora of Fed Speakers on the road to tell us lies and innuendo today… Aren’t we lucky?
To recap…. The dollar got sold yesterday and tried to rally back overnight, but fell short… The “Sell America” mantra is really taking hold and soon it will become a catastrophic event… The 3-year Treasury auction got hit with the ugly stick and the POTUS is holding off the retaliation…
Market Prices 11/10/2026: American Style: A$ .6910, kiwi .5630, C$ .7070, euro 1.1215, sterling $1.3423,Swiss $1.2180, European Style: rand 16.4024, krone 9.4434, SEK 9.7934, forint 323.72, zloty 3.9145, koruna 21.6991, RUB 82.84, yen 158,23, sing 1.2783, HKD 7.8446, INR 93.90, China 6.6708, peso 18.50, BRL 5.8211, BBDXY 1.2222, Dollar Index 101.75, Oil $85.95, 10-year 4.89%, Silver $52.52, Platinum $1,556.00, Palladium $1,054.00, Copper $ 6.30, and Gold… $4,077
That’s it for today and tomorrow, as tomorrow I have to go back to the doctor for my treatment… What a meh football game last night, unless you’re a Buffalo Bills fan… I am going to try to drink a cup of coffee this morning… We will see what happens… This laptop is giving me fits… I figured how to get the text smaller, but now the cursor keeps jumping around and if I don’t look at the screen it could make a word look awfully ugly… Tomorrow is Veterans Day… My dad was a veteran of WWII… He fought in France… and he was a hero to me… He had a work ethic that carried over to me, and for that I thank him… Chicago takes us the finish line today with their song: Does Anybody Know What Time It Is? This was the only song that the band would let me sing because I sounded like Robert Lamm… I hope you have a Tom Terrific Tuesday today, and Please Be Good To Yourself?
Chuck Butler