Author: admin

• The dollar goes up 1 and down 1 and becomes boring
• The Petrol Currencies don’t care about any dollar strength

Good Day… And a Tom Terrific Tuesday to you! Well, I did it again… I wrote about ½ of  the letter and then it was gone! So, I have to remember what I wrote about! Outlook should have a file that contains all of the drafts, not just the ones that are real drafts…  Alice in Chains greets me this morning with their song: Dow In A Hole… 

Well, the dollar saw a 1 index point gain yesterday, in the BBDX which closed the day at 1,227…  Like I said yest the dollar traders are not of conviction to drive the dollar higher right now, they’ve done enough,,,I had written something really witty here, but now the thought has passed, so that’s all you get regarding the dolar….

Gold /Silver saw much interference from the SPTs yesterday… Gold gained a whopping $2 and Silver lost 29-cents… Gold close at $4,172, and Silver closed at $60.45… I wrote yesterday about how Wall St. had turned bullish on Gold/Silver… Well, they need to buck up and show that they are bullish because yesterday’s  performance was lackluster at best…. I’m  just saying…

Oil  is trading in the same clothes as yesterday, with the price having a $92 handle… And the 10-year Treasury saw more Fed Hea buying, and its Yield drop to 5.19%… 

In the overnight market last night… Well, the dollar got sold by 1 index point in the BBDXY as it sits 1,226 this morning… The dollar has been going back and forth 1 index point, and this really points out the call I made that Traders have no conviction to take the dollar higher right now… This could all change, but for now, their sentiment Is that the dollar is fine right here…  I object… I think the dollar should be near the cliff… But then that’s just my take… 

Gold/Silver are both up this morning, with Gold rising $13 and Silver rising 3-cents… Copper is really taking on the dollar recently and this morning its $6.75… 

The price of Oil remained in the $92 handle overnight… No news from the Gulf so Oil traders are sitting still.. And the 10-year Treasury remained in yesterday’s clothes and sits 5.19% this morning…

Yesterday, I told you that POTUS had announced a deal with Russia for 300,000 gals of Diesel fuel. And we’ll drop some sanctions on Russia… What? You didn’t think they were doing this out of the kindness of their heart, did you?

U.S. Treasury Secretary Besset, had this to say about the deal: “This is good for Americans” Anything to get voters that on the fence to vote for the REP party candidate… He didn’t mention that this isn’t a good deal for Ukraine, Iran, and most importantly the U.S. national security… But then our recent trade deficits have done the heavy lifting here… I’m just saying… 

I told you that the Chinese renminbi had gone below the 6.70 figure, and that this was a Big Deal… Well, the Chinese are going to continue marking down the renminbi I can feel it.. 

I talked about the Petrol Currencies and how the Russian Ruble had moved back to the lead here… The Brazilian real Is really pushing the envelope on becoming the leader… But the Norwegian krone has that an once the euro gets going higher again, the krone will move out ahead of the other Petrol Currencies… 

Speaking of the euro… There are all kinds of writers out there dissing the euro and calling for it to fall to parity with the dollar, but I’m not one, for I see the dollar will return to its underlying weak trend, soon, and that will lift the euro and in turn the Norwegian krone… 

The U.S. Dat Cupboard doesn’t have anything of importance for us today, but tomorrows STUPID CPI will dictate how the markets move… I may not pay much attention to the STUPID CPI, but the markets sure do, so I have to give it its due… 

To recap… yesterday was a sort of bad day, as the dollar gained 1 index point in the BBDXY, Gold gained $2 and Silver lost $29-cents… The price of Oil remained trading with a $92 handle and the 10-year saw Fed Head buying with the 10-year’s yield dropping to 5.19%

For What It’s Worth… Yesterday I told you about how so many Americans were behind in their payments… Well, today I have the great Alastair Macleod an can be found here: Oil is now driving gold higher — Goldmoney

Or here’s your snippet: “There’s a growing correlation between oil and gold. Higher oil leads to higher bond yields, destabilising the dollar’s value. The debasement trade is back on.

“This is little doubt that the dollar’s purchasing power and credibility will be severely undermined, and that gold will therefore run higher with a significantly higher oil price. This change in sentiment could be sudden and dramatic.”

Paper bulls of gold and silver may be down in the dumps, but there’s a quiet evolution in progress. And this is now evident in the relationship between gold and oil over the last three months:

After oil’s peak last April, the price started a bottoming process in July, as did gold. Both then rose, not entirely synchronised, but roughly together with gold achieving its high point at end-August and oil three weeks later before both declined to recent lows in the last week

This action questions the macro view which argues that higher oil prices lead to higher inflation and therefore interest rates, raising the cost of holding gold. But on examination this argument doesn’t hold water.

Why is this?

It’s a matter of perception about where risk ultimately lies and it’s here that macroeconomic analysis clashes with evolving facts. It is becoming clear that there is a conflict between US government funding requirements and the reluctance of foreign actors to buy US debt. This is leading to continuing Asian demand for gold, ignoring declines in the dollar price. And it is also becoming clear that with diesel, kerosene, and ship bunker shortages along with other oil derivatives that businesses face significantly higher costs and supply disruptions, leading to a slump in economic activity. At the same time, prices of virtually everything are being driven higher not just for businesses finding them difficult to pass on, but for consumers as well.”

Chuck again… you don’t get this stuff on the evening news… I’m just saying…

Market Prices 10/13/2026: American Style: A$ .6975. kiwi .5614, C$ .7014, euro 1.1192, sterling 1.3245, Swiss $1.2013, European Style: rand 16.4739, krone 9.5332, SEK 9.9808, forint 325.13, zloty 3.0995, koruna 21.7690,     RUB 83.97, yen 158.13, sing 1.2798, HKD 7.8481, INR 95.28, China 6.6933, peso 18.27, BRL 4.9871, BBDXY 1,226, Dollar Index 102.26 , Oil $92.10, 10-year 5.19%, Silver $60.54, Platinum $1,705.00, Palladium $ 1,168.00,    Copper $6.75, and Gold… $4,1484

That’s it for today… A friendly neighborhood reminder that there will be No Pfennig tomorrow, but I’ll be back in the saddle on Thursday…. I’m having problems with my digestive system again… For two weeks it was great but not so great now… The NLCS is heading to L.A. With the Brewers up 2-0 over the mighty Dodgers, while the Indians, I mean the team from Cleveland is up 1-0 … I still call the Indians, and the football team in Washington, the Redskins… HEY! I’m an old man; I don’t care about being politically correct!  Three Dog Night take us to the finish line today with their song: Out In The Country…  I hope you have a Tom Terrific day today and Please Be Good To Yourself!

Chuck Butler

• 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

• The dollar gets old yesterday but gains it right back overnight
• Here we go again…

Good Day… And a Tub Thumpin’ Thursday to one and all… Well, the Dodgers are in the NLCS and await the Brewers who beat the Padres …  The San Diego crowds at the games were wild and loud… I remember when the Cardinals used to draw crowds like that back when they used to make the playoffs! I have to put this chemo cream (It’s what the doctor called it) on my head where they froze all the spots I have on my head… there’s a lot of them, so I have to apply it all over! 10CC greets me this morning with their song: Dreadlock Holiday… 

Well the dollar didn’t get bought any further yesterday, in fact, the dollar got sold a bit with the BBDXY losing 2 index points… and end the day at 1,223 (the same level it was on Tuesday) I keep saying this and maybe someone will step up and notice.. .The dollar is so overbought in the RSI, that it would take 10 days of selling the dollar before it was brought back to neutral… 

Gold/Silver saw those dastardly dudes back at the COMEX yesterday, and they were both short sold throughout the day… Gold lost $52 and Silver not only lost $2.19 but also lost the $60 level.. Aye, Aye, Aye… What the heck is going on here? The SPTs are laughing all the way to the bank… It would take an executive order to stop them… and since there’s nothing coming there, the SPT’s control Silver…  UGH!

The price of Oil slid a bit yesterday and finished the day at $89… Gas that you put in your car hasn’t really budged, for the price setters are waiting for a move either way that’s more than buck or two…

And the 10-year Treasury saw its yield subjected to some Fed Head buying after it had climbed to 5.33%… the 10-year closed yesterday trading with a 5.30% yield…

In the overnight markets last night….  The dollar got bought… UGH! I sorta thought that yesterday’s slippage was going to lead to more selling in the dollar, but I was wrong to think that… The BBDXY gained back the 2 index points it lost yesterday, and sits this morning at 1,225.

Gold is up a bit this morning $11, but Silver continues to get sold… This morning it’s $1.02 as it fell through the $59 handle and sits this morning with a $58 handle… The SPTs haven’t taken any prisoners with the precious metals… Only Copper seems to go through this gauntlet unscathed.. 

The price of Oil bounced higher overnight by $3 as an oil tanker was attacked in the Gulf… signs that things have not changed,,, Here we go again! the 10-year Treasury’s yield saw a slight upward move to 5.34%… 

Well, I read last night that traders are betting that there’s going to be a downward movement in interest rates…  I then received an email from the Fed/ St. Louis, telling me that there will be 3 more rate hikes…  I tend to not believe the Fed / St. Louis because, they are the Fed/ Cabal/ Cartel and they have been wrong so many times that it’s beginning to be funny… 

The FOMC’s meeting minutes said that they most likely will hike rates again before year-end… That’s 12/9 the next FOMC meeting…

But, that’s a strange idea isn’t it? That is of rate cuts…  They had better cut rates or else our bond servicing (interest) will go through the roof! And besides as Bill Bonner told us yesterday and I’ve been saying for decades now. That the Gov’t wants higher inflation to make our debt not seem so bad… They would make $20 turn into $10 and we’ll see what happens then…  

The euro lost the 1.12 figure Tuesday and hasn’t climbed back to 1.12 just yet…And all the other currencies have been sent to their respective sick beds and told to remain there for everyone to figure out that the dollar is overbought! Warning: Broken Record being played here; There’s just one currency holding its ground VS the dollar and it’s the Chinese renminbi..

The yields on bonds Globally are moving higher and here at home we’re seeing them reach 25 years highs… And the idea going around is that no one wants to be long Treasuries…. They can buy Gov’t bonds elsewhere and be able to sleep at night… So, here in the U.S., buying bonds has been tricky…  You buy them and lock in the yield for whatever maturity… And then the next day, the yield on the bond goes up some more.. .Now you have a loss (bond yields move in opposite of price, when the yield goes higher the bond price goes down) 

Try selling the bond down the road cause you need the cash for something else… it won’t be worth the money you paid for it… Uh-Oh!

And regarding the dollar, I believe that when something gets a ton of cash spent on it, there’s going to be problems…  

Look at Gold… at the start of this year, Gold was on everybody’s to buy list.. Shoot Rudy, even taxi drivers were talking about at what price they bought Gold… And then one day, Gold’s price stopped going higher, and it began to lose ground… I was told as a young man that a star burns the brightest right before it burns out… And it played in the sandbox well with Gold…  So, I see the same thing happening with the dollar… Don’t you? If so….

You should be looking for more currencies to buy… I remember Ty Keough on the trading desk tell a customer, “Yes, the currencies are cheaper which means you can buy more of the currency” And when he got off the phone, I told him, Great explanation Ty…. Good job!

The U.S. Data Cupboard saw the Consumer Credit (read  debt) and it actually printed when is was scheduled! The August reading here was interesting because it was only $8.3 Billion when the previous month it was $15 Billion…  this could mean one of two things… The first is that we as consumers spent less because we wanted to… or second, we as consumers have run out of room on our Credit Cards and didn’t have enough cash in the bank…. I suspect that it is the latter of the two… But then I’m jaded…

To recap… The buying of the dollar ended yesterday as the dollar saw some selling and the BBDXY lost 2 index points to 1,223… The euro has fallen below the 1.12 handle… and it’s not because things are so bad in the Eurozone, but because the dollar has been on everyone’s mind… I can imagine traders waking up and singing: When I woke up this morning, the dollar was on Mind, and the dollar was on my mind…. 

For What It’s Worth…. Well one thing that the rising 10-year brings up are higher mortgage rates… And that’s what this article is all about, and it can be found here: From 3-Year Lows To 3-Year Highs In Nine Months: Mortgage Rates Surge To 7.49% As Bond Rout Hits Main Street | ZeroHedge

Or, here’s your snippet: “Last December, we wrote that mortgage rates had dipped to 3-year lows. Nine months, one Middle East war and one global bond rout later, they are at 3-year highs.

According to the latest weekly data from the Mortgage Bankers Association, the average 30-year fixed-rate mortgage jumped another 19bps to 7.49% in the week ended October 2, the highest since November 2023, and up from 7.30% the week before, which itself was a fresh 3-year high.

The culprit is not exactly a mystery. Mortgage rates track the 10Y Treasury, and the 10Y just had its biggest quarterly jump since 1994, hitting 5.34% last week, the highest since 2002. And with the long end leading the latest leg of the selloff, this morning the 30Y climbed to 5.70%, also the highest since 2002, while the 10Y was trading around 5.32%.

Below we look at why the bond rout has finally landed on Main Street, what it is doing to housing (spoiler: nothing good), and why the sell-side’s perennial “yields will fall from here” call is now 0 for 9.

Follow The 10Y (Then Add A War)

As Reuters notes, home borrowing rates are up about 1.4 percentage points since US-Israeli strikes against Iran began in late February, closely tracking the jump in the 10Y yield, which was back above 5.3% on Monday. The drivers are the usual suspects: inflation fears from triple-digit oil (Brent was back above $101 this morning as Iran stepped up attacks on Hormuz tankers), surprisingly resilient growth, a Fed that is now hiking, and a bond market that has to absorb record Treasury supply and the AI debt binge at the same time.

And it’s not just a US story. On Monday, we put out this chart showing that global 10Y+ bond yields are now the highest since 2002.”

Chuck again… This is going to stop home buying sooner or later, and I would bet on sooner… 

Market Prices 10/8/2026: American Style: A$ .6939, kiwi .5584, C$ .7065, euro 1.1178, sterling 1.3196, Swiss $1.1998, European Style: rand 16.6889, krone 9.5887, SEK 10.0237, forint 328.17, zloty 3.9176, koruna 21.8360,  RUB 85.30, yen 158.20, sing 1.2825, HKD 7.8475, INR 96.78, China 6.7038, peso 18.05, BRL 5.0160, BBDXY 1,225, Dollar Index 102.43, Oil $92.67, 10-year 5.34%, Silver $58.92, Platinum $1,652.00, Palladium $1,151.00,  copper $6.62, and Gold… $4,123

That’s it for today… Well, my luncheon wasn at a great place and I had great company… we sat for a long time after the food was cleared and swapped stories… It was a lot of fun! The Dodgers and Brewers are the same teams that vied for the NL crown last year… Do they play baseball in the American League? Just kidding… The White Sox are the surprise team so far in that League…. I was treated by my wife who cooked up a steak filet, cheesy potatoes and made a salad for me for dinner last night… Yummmmmmmmm I would rather I cooked the steak out on the Blackstone grill, but it was still good the way she did it…  The Mamas and the Papas take up to the finish line with their great 60’s song: California Dreamin’… (I used to be able to play that song on my guitar, but I don’t recall the chords now) I hope you have a Tub Thumpin’ Thursday today and Please Be Good To Yourself!

Chuck Butler

• The dollar gets bought by the bushel full
• People are beginning to realize that the story is false…

Good Day… And a Wacky Wednesday to you! I shouldn’t be writing today, but I thought that I could give you a brief recap of the day. Yes, I know that you could’ve gone a day without me, but you’ll have to deal with it! The Climax Blues Band greets me this morning with their song: Couldn’t Get It Right… 

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On with the show!

Well, the dollar did its usual yesterday, gaining 1 index point here in the U.S. and the BBDXY ended the day at 1,221…  Nobody but newsletter writers are calling out that the dollar is overbought, and the debt servicing coming up for is growing like a weed…

Gold/ Silver were allowed to gain on the day… Gold gained $24 and Silver gained only 7-cents. Gold ended the day at $4,164 and Silver $61.50.

The price of Oil rebounded to trade with a $90 handle… Apparently, some people with gray matter saw the report that oil was flowing out of the Gulf for what it was… a smokescreen… 

And the 10-year Treasury’s yield gained a bit yesterday as the day closed with a 5.28% yield.

It’s not a good day for the currencies with the BIG DOG falling to the 1.11 handle and the rest of the currencies falling in behind the euro… Except for 1 currency… The Chinese renminbi…  It sure seems that I keep repeating myself talking about 1 currency… oh well… 

In the overnight markets last night… Well, the pattern of the overnight markets selling the dollar ended last night as the dollar got bought by the bushel full… The BBXY is up 4 index points this morning and sits at 1,225 to start the day… 

The price of Oil remained trading with a $90 handle, and the 10-year Treasury’s yield jumped to 5.33% overnight…  

Our fiscal warning signals are flashing red… Warning, Warning, the ship is in dire need of repair… The Hoover Institution send me an email yesterday that highlighted what I was just talking about and got me thinking… What are we going to, as a country, when the debt is has grown to infinity and beyond, and our debt servicing bill comes due? 

Well, Bill Bonner of Bonner private research, had this to say about when that date becomes reality… here’s Bill “Suppose Scott Bessent and Kevin Warsh held a joint press conference, maybe on Halloween or April 1st. Imagine that they announced ‘An End to the US Debt’…we’re going to let inflation run at 10% per year until we get this monkey off our backs.’ – Bill Bonner

I don’t know if you recall or not but a few times in the past, I’ve said that the Gov’t wants inflation to make our debt go away… And Bill Bonner apparently agrees with me… And Doug Casey, and a few other letter writers that have told their readers the same… 

The U.S. Data Cupboard has the new date for Consumer Credit ( read debt) and it’s today…  The Trade Balance was a deficit of $105 Billion… 

To recap… The dollar got bought by 1 index point yesterday, and overnight the dollar got bought by the bushel full. The BBDXY sits at 1225 to start the day… 

There’s no FWIW article today, because I don’t have time to look for one and then to write one… 

Market Prices 10/7/2026: American Style: A$.6952, kiwi .5545, C$ .7020, euro 1.1183, sterling 1.3211, Swiss $1.2011, European Style: rand 16.6957, krone 9.5761, SEK 10.0367, forint 327.90, zloty 3.9179, koruna 21.8462,    RUB 85.82, yen 158.21, sing 1.2801, HKD 7.883, INR 96.77, China 6.7064, peso 18.08, BRL 5.0055, BBDXY 1,225, Dollar Index 102.29, Oil $90.11, 10-year 5.33%, Silver $60.39, Platinum $1,640.00, Palladium $1,158.00,   Copper $6.65 and Gold… $4,124

That’s it for today… I’m excited about this classmates luncheon today… I love seeing these guys and gals, and it brings back some great memories to me… We all look a bit different now than we did back then, but then these folks are getting old just like me! I feel as though that I’m 10 years older than my actual age, because of Cancer and what I’ve had to deal with… But I’m here, and I’m going to see my some of my classmates today! The Amazing Rhythm Aces take us to the finish line today with their song: Third Rate Romance… I hope you have a Wacky Wednesday today, and Please Be Good To Yourself!

Chuck Butler 

• The dollar runs into overnight selling
• Gold is telling us that’s there are risks…

Good Day… And A Tom Terrific Tuesday to you! Well, if you’re a Red Sox fan, you’re loving what you’re seeing in Tampa Bay… And if you’re a White Sox fan, you’re coming home with a 2-0 lead, so you’re happy and a Lark… You know, my fat fingers don’t work to type without errors like they used to… I continually have to back up and correct something that I’ve already typed! UGH! Its bad enough that I walk with a cane, can’t hear my wife (maybe that’s not too bad) and I’m getting old… Now, I can’t type like is used to! UGH! a-ha greets me this morning with their great 80’s song: Take On Me… 

On a sidebar… I don’t know how the head singer of this group can hit those super high notes in this song…. He’s amazing!

The dollar couldn’t find anyone that wanted to buy it yesterday, so it’s trading in the same clothes at yesterday at 1,223… Now, if only the weak underlying trend came back strongly… Then we’d be in tall cotton! The POTUS has opened his checkbook for the mid-terms, I wonder where he will find the cash to send out to voters? I guess the cash will simply be printed..  Oh boy, may I have another?

That’s just what this country needs is for the FOMC to be hiking rates to combat inflation, while the Treasury prints more currency? I told you weeks ago that Bessent of the Treasury and Warsh of Fed/ Cabal/Cartel don’t care for each other… This would really drive a wedge between the two… 

Gold / Silver was going along merrily when the STPs stepped up their short sales and brought the two metals back to negative for the day…. Gold was down $22 and finished the day at $4,140, and Silver was down 52-cents and finished the day at $61.43… I just don’t get it… what would it hurt to have the precious metals close positive on the day? Apparently it means something to the SPTs   and they are pledged to uphold it!  

The price of Oil slid yesterday, as it is being reported that Arabian Oil is flowing out of the Strait of Hormuz… That’s good news, but it leaves the Iranians in charge of who sails through and who doesn’t… and they (the Iranians) have been quite touchy with this, and they could decide today to close it again… Maybe it’s a good will thought that would keep the POTUS from ordering more Missiles and drones rain down on the Iranians….. Maybe, just Maybe… Cause you never know! (Andujar) 

The 10-year saw Fed Head buying bring the bond’s yield down but, after they were finished the 10-year promptly saw its yield rise once again… This time the day ended with the 10-year’s yield at 5.30%… The 10-year saw Sept. With the greatest yield movement …  on 9/1 the 10-year’s yield was 4.79%… That’s a .51% change in Sept… I recall that in the day when I was in the bond dept, seeing a .2 or .3 % move was special.. I wonder what bond depts are doing with a .7% move in a day?

In the overnight markets last night…. The dollar ran into another roadblock last night, and the BBDXY fell 3 index points to 1,220…  The overnight markets have been cruel to the dollar, while here in the U.S. it just drifts throughout the day this week… Let’s just hope that the overnight markets continue to chip away at the dollar’s armor, because the dollar is so overbought that it would make the RSI invalid if the dollar remained at these levels… 

Gold/Silver are on the positive side of the ledger this morning, but then, the were also on the positive side yesterday before the SPTs showed up… I have to say that my thinking of the history between Bond yields and Gold is not coming to fruition and I especially don’t like saying, this time is different… But it is… And I think that the U.S. hitting $40 Trillion in current debt was the straw that broke the camel’s back…  The bond boys are saying no mas for debt, and if there is, which there’s going to be you can bet your bottom dollar on that, they will continue to sell bonds and mark the yield higher…. While Gold holds on to $4,000…  

The price of Oil is sliding away with the news that Oil is flowing again through the St. of Hormuz…  The paper price of Oil continues to be manipulated and dependent of the news from the Gulf… I’m going on record now that the news is wrong, and tells a story of Oil flowing at rates that were present before the Iran / U.S. war began…  I just don’t see the Iranians giving up their trump card this easily… I’m just saying…   

The yield on the 10-year Treasury ran into some Fed Head buying and the yield fell back to 5.27%.

I think, in fact I know, that Globally Gov’t debt has exceeded what was imaginable 10 years ago… France has some real problems right now and their Gov’t yields are the highest they have been since 2002…  I don’t know what the Eurozone Leaders are going to do about France, but they have to do something because France was one of the big dogs on the Eurozone’s porch and now they’ve been relegated to the yard… German Bond yields are actually going down, so the spread between Germany and France is growing wider and wider… 

In the old days before the euro, I would look at this spread and tell the boys on the Trading Desk to look to sell French and buy German bonds… Spread it’s what we always looked for… 

Speaking of the euro… it has been battered about and still lives… It took a couple of days, but the Swiss franc is back above $1.20 VS the dollar…  And the Swedish krona was getting sold and it was trading with a 10 handle, but no longer… The one currency that surprises me with its strength even when the dollar was so strong, is the Brazilian real… I think Brazil pays a decent coupon, so there’s an option for you… 

The U.S. Data Cupboard is supposed to print the Consumer Credit (read debt) for Aug…. I doubt seriously if it will print today, and probably one day this week under the cover of darkness…

To Recap… The dollar drifted about yesterday, and trades in the same clothes as yesterday… Gold & Silver were up during the early part of the day before the SPTs showed up at the COMEX with their arms full of short trades in the two….

For What It’s Worth….  This is an interesting article about Gold in Africa and how some countries are exporting Gold even having very little of the Texas Oil, (Gold)… and it can be found here:Next Africa: Gold Keeps Flowing From Countries With None – Bloomberg

Or, here’s your snippet: “Tracking the Shadow Gold Trade

When investor demand sent gold prices to all-time highs this year, Africans rushed to cash in.

Exports hit records in multiple countries — sometimes doubling or tripling in value, according to trade data analyzed by Bloomberg.

But many of those nations have barely any gold to mine.

What some have in common are neighbors embroiled in conflict where gold smuggling is supporting some of the worst wars on earth — like Sudan and Democratic Republic of Congo.”

The main destination for that bullion is the United Arab Emirates, a Bloomberg investigation found.

One refiner alone in Uganda was responsible for almost half the value of the nation’s shipments, which reached more than $8 billion in the 12 months through June.

Its supply chain mirrored parts of a network previously run by Belgian gold trader Alain Goetz, who was sanctioned by the US government in 2022 for trading gold out of war-torn eastern Congo.

Goetz denies any role or knowledge of the business, and Bloomberg found no public document showing he personally controls the company or directs its post-sanctions trades.

But the seeming resilience of the system shows how difficult it has been to sever conflict-linked precious metals from the global market, especially once it reaches the UAE, one of the world’s biggest bullion hubs.

The Gulf country’s wealth and growing clout as a geopolitical dealmaker and financial center have complicated any attempt to sanction companies doing business there, a former US sanctions official says.

The UAE told Bloomberg the nation’s regulatory framework complies — and in some cases exceeds — OECD guidelines on responsible sourcing, and that rules extend to refiners, recyclers and trading companies.

Still, the gold from Africa keeps flowing — reaching $99 billion last year.”\

Chuck Again… this is crazy… I don’t have any Gold so I’ll steal it from my neighbor and then ship it as my own…  I guess they have their own rules in Africa eh?

Market Prices 10/6/2026: American Style: A$ 6976, kiwi .5611, C$ .7010, euro 1.1256, sterling 1.3256, Swiss $1.2040, European Style: rand 16.5323, krone 9.5783, SEK 9.9966, forint 324.60, zloty 3.8806, koruna 21.6916,    RUB 85.58, yen 158.84, sing 1.2779, HKD 7.8479, INR 96.42, China 6.7064,     peso 18.01, BRL 4.9931, BBDXY 1,220, Dollar Index 101.95, Oil $87.88, 10-year 5.27%, Silver $61.50, Platinum $1,719.00, Palladium $1,189.00,   Copper $6.63, and Gold… $4,165

That’s it for today… Ok, I got my days all mixed up, it’s tomorrow that I am having lunch with my classmates… I have no idea why I thought it was yesterday… So, there’s another notch in my old man belt…. Then next Thursday I’ll be out of pocket as I go to see my oncologist and get a treatment… I didn’t get one last month because I was so sick…  So, here we go again… It’s been nice not dealing with the effects of a treatment… I watched Baseball last night and not Football, I guess that tells what sport I prefer… The Kinks take us to the finish line today with their song; All of The Day and All of the Night… I hope you have a Tom Terrific Tuesday today, and Please Be Good To Yourself!

Chuck Butler

• what’s going to slow down the dollar?
• There are no longer any markets just interventions

Good Day… And a Tub Thumpin’ Thursday to one and all! Well, the Phillies evened up their series with the Braves… It comes down to 1 game to decide who moves on… The White Sox won 2 of 3 so they do move on… See? I didn’t jinx them!  My friend, Dennis Miller felt like I skipped him and the Cubs over on Tuesday. I didn’t mean to, but now they lost the second game and they are going home… There’s not a lot of anything going on this morning, other than a dollar rampage… That’s why I’m kind of beating around the bush this morning… Marty Balin greets me this morning with some of his solo work: Hearts…(He also was the lead singer in the Jefferson Starship ) 

I used to play a lot of songs on the Touch Tone before our watering hole became so loud! And I used to play a lot of Marty Balin… he has a good voice, and his songs are top notch… It’s amazing that our little watering hole which is a dive, has become so popular… 

Well, the dollar stalled out Tuesday night, as it had to catch its breath from all this running it has been doing, but made up for its pause to rally again yesterday… The dollar gained 2 index points in the BBDXY… I asked the question yesterday about Just What Are These Knuckleheads doing buying all these dollars?  I didn’t get an answer, but then I didn’t expect any… I think we have a case of FOMO… Yes, the fear of missing out should the FOMC hike rates even more than just a 25 Basis point hike… 

The thinking in the markets right now is that the FOMC will hike rates multiple times… The bond boys are on record with that thought, as they have marked/ sold the 10-year to 5.29% Somebody, I forget his name, and I didn’t write it down, said that “the 10-year’s yield will continue to go higher…  So, don’t buy yet… 

The price of Oil remained trading yesterday with a $90 handle…  POTUS wants Diesel fuel that’s scheduled for shipment to remain here in the U.S. that would help the price to slow down… But where’s the free trade in that? I’m just asking the question… do you think the cost of diesel in euro is higher or lower than here in the U.S.?

Why do you think we as a country export diesel to Europe and other places? Because it cost more there, and we make the spread…  There are 3.785 liters to a gallon.. So, doing the math, I get that they pay about $8 after converting euros to dollars…  But we’re going to cut that off and keep diesel here in the U.S.  

I wonder where the Europeans will get heating oil this winter?  For it’s got to scarcer than it was last winter and last winter was moderate in weather…. 

In the overnight markets last night… The dogs of the dollar have been released! The BBDXY is up 5 index points, and there’s nothing to stop it… It’s a runaway bus! Everyone thinks that that the FOMC will hike rates multiple times going forward, and that thought has the dollar getting bought…  

The currencies are getting trashed this morning, the euro has fallen below the 1.13 level… there are two currencies that are bucking the trend… The Chinese renminbi and the Brazilian real… This is crazy folks! The dollar is so overbought that it’s almost off the chart… 

I think that the Chinese renminbi has a lot of room to move higher VS the dollar as the renminbi is poised to capture a significantly larger share of global trade and finance as more Chinese companies expand overseas and as China pushes to internationalize its currency…  it won’t come overnight, folks… You’ll have to be patient… 

The price of Oil has bumped higher and trades this morning with a $92 handle…

And the 10-year Treasury bond remained at 5.29% overnight… But, that’s a 24-year high for the bond, and it just means that borrowing costs have gotten very much higher, folks…. Don’t be trying to buy a house right now, or borrow for anything… 

Well, I received a note yesterday from Reuters that said that Iranian rial was at an all-time low VS the dollar with it taking over 2.5 Million rial to equal a dollar… You would need a wheelbarrow to take your cash to the bank and deposit it… 

And Gold is flat as a pancake (Head East) this morning, and Silver is down 51-cents to start the day… The fake PCE didn’t help things here much as everyone is leery of the BEA’s number… 

I remember years ago, when at EverBank World Markets, we used to get people calling us telling us the Iraqi dinar was to get revalued and ask why we didn’t offer the currency… There was this guy at an Investment Seminar that asked me about dinar, and I told him that it was all a hoax… he didn’t like hearing that because he had put all of his father’s business that his father had left to him, Into dinar… ( I’ve always wondered how he explained this to his family) And now the Iraqis have dropped 3 zeros from the price quote of the dinar… I shake my head in disbelief…. 

OK, enough of that sob story… 

The euro was hanging tough… yes, it was moved down to trade with a 1.13 handle, that was about 10 days ago…  and has moved below the 1.13 handle overnight… UGH! The euro was down further in days past, at one time a guy from Lola (Goldman Sachs) was on TV saying that he believed the euro would fall to less than par…  He was a naysayer for sure… I told the people of the trading desk at EverBank World Markets that I would take that bet, and the euro came storming back…. I wish sometimes I would put money where my mouth is… in other words… make a bet…  But I’m not a betting man other than a shiny quarter… 

The Japanese leaders were out spewing their lies yesterday, telling anyone that would listen that the “carry trade” is dead and not to go back to it…. They’ve taken to jawboning the yen instead of physical intervention to lift the yen…  I still wouldn’t touch yen with your 10-foot pole….

Speaking of intervention… I’ve said this before a few times… that there are no markets any longer, just interventions… its tru, its tru I did see a putty tat! 

And while we are in Asia, let’s talk about a country that I never mention… S. Korea…  it was reported yesterday that S. Korea for the first time in 13 years will buy some physical Gold…  That’s 13 years folks, where the heck have they been? Oh well, they are reported to be buying 1 ton of Physical Gold… add that to the total of Central Bank buying and Gold has a crutch… 

The U.S. Data Cupboard had the ADP Employment Report for Sept, and it showed that 90,000 jobs were added in Sept… Personal Income and Personal Spending printed for Sept, and the report wasn’t good… PI came in at .2%, while PS came in at .9%… I would think that credit cards got a workout in Sept.  And the PCE came in for Aug. at 3.4% yoy… That was down from July’s 3.7%, and that was because of lower Oil prices…  So, don’t for one minute think that inflation is on the run and it won’t be long until the Fed Heads see inflation back within their target of 2%

And tomorrow is a Jobs Jamboree for Sept… you have to wonder what hedonic adjustments the BLS will add to the surveys this month? For since the negative print for Jobs Created the BLS has worked overtime to make certain that doesn’t happen again! Right now the Jobs created for Sept is forecast to be 200,000…

To recap after a night of drifting, the dollar got back to work yesterday gaining once again… Gold was up while Silver was down… And then Chuck relived some of life at EverBank World Markets… That ought to be interesting… NOT!

For What It’s Worth… Well, one of the reasons the dollar is so strong is that everyone and their brother thinks the FOMC will raise rates to fight inflation, multiple times going further… But what happens to those thoughts if inflation comes down a bit by itself? Well, the Fed’s preferred inflation calc. Did just that yesterday according to the propeller heads that put this report together… This is about the PCE coming down some miraculus way and can be found here: Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected

Or, here’s your snippet: “Consumer prices posted a smaller-than-expected increase in August from a year ago, according to the Federal Reserve’s primary inflation gauge, the Commerce Department reported Wednesday.

The personal consumption expenditures price index rose a seasonally adjusted 0.3% for the month, putting the 12-month gain at 3.4%. Economists surveyed by Dow Jones had been looking for increases of 0.3% and 3.7%, respectively.

Excluding food and energy, PCE posted a 0.2% climb that put the annual core level at 3%. The respective forecasts were for 0.3% and 3.3%.

Though the Fed officially follows the headline PCE number, officials generally consider core a better gauge of longer-term trends.

While the annual increases were less than expected, they came as the Bureau of Economic Analysis changed the way it computes several components of the index. The BEA adjusted methodology for how it measures prices for legal services, software and computer accessories and portfolio management.

The revisions lowered the core July PCE level by 0.36 percentage point.

Chuck Again… There you have it… The propeller heads changed the way they calculated PCE… It only takes time to figure out how to get inflation lower and the BEA has taken the first step in Managing Gov’t reports so that we all think that things are better than they are!

Market prices of 9/30/2026: American Style: A$ .6942, kiwi .5607, C$ .7017, euro 1.1283, sterling 1.3283, Swiss $1.1960, European Style: rand 16.5790, krone 9.6372, SEK 10.0487, forint 325.67, zloty 3.8764, koruna 21.6772,    RUB 83.37, yen 158.16, sing 1.2804, HKD 7.8474, INR 96.30, China 6.7044, peso 18.19, BRL 5.1746, BBDXY 1,223, Dollar Index 101.85, Oil $92.28, 10-year 5.29%, Silver $ 61.03, Platinum $1,720.00, Palladium $1,211.00,  Copper $6.65, and Gold… $4,178

That’s it for today and this week…Next week on Wednesday I doubt I’ll have time for a Pfennig, as I’ll be getting ready for a Lunch with my classmates… Then I have another batch of classmates that meet on Saturday… We had a large class!  It’s Homecoming Week at Mizzou th school that held the first Homecoming many years ago… I used to go down on Friday, see the house decs the skits and then watch the parade on Saturday morning and finally the GAME! But since I don’t get around too well, those activities had to stop… Oh well… The Los Bravos take us to the finish line today with their great 60’s song: Black is Black… I hope you have a Tub Thumpin’ Thursday today, and Please Be Good To Yourself!

Chuck Butler

• The dollar continued to rally on Tuesday
• Gold/Silver were allowed to recover a bit on Tuesday

Good Day… And a Wonderful Wednesday to you! Another day… Another dollar rally in the books.. Crazy, I know, but it is what it is… The MLB Playoffs began yesterday, and Atlanta, NY Yankees, and the Padres all won their best of 3 Wild Card games… I went to be long before the Padres/Cubs game, but saw the result at some point in the night as I was awake for most of it…  The White Sox won! And in baseball, it’s some freaky %, of the time that when you win the first of these games, you’ll end up winning the best of 3 Series… For the Sox they’re hoping that it stays true!  The Allman Brothers greet me this morning with their super great song: Melissa…

Well, I already spilled the beans above by telling you that the dollar continued its rally yesterday… The dollar gained 2 index points in the BBDXY, which ended the day at 1,218… 

Gold/Silver found a bid early and often during the day and ended up with gains for the two…. Gold ended the day 54-Cents and Silver ended the day up $1.00… Gold closed at $4,170 and Silver $61.54… Could this be the end for now that is, of the STPs shorting these two metals? Well, they’ll be there no matter what, as Gold/Silver both were higher on the day, but the SPT’s were there to make sure that the two stayed below their respective 200 Day Moving Avg… 

Even Copper was allowed to show a gain on the day… UGH

The price of Oil slipped again. After rallying all last week, the price of Oil ended the day at $89.58. The 10-year Treasury has gone through the Fed buying and come out on the other side at 5.23%…

In the overnight markets last night… The dollar seemed to be drifting lower and lost in the woods… The BBDXY starts today down 1 index point to 1,217… Gold is up this morning, but Silver is down…  I woke up in the middle of the night, and couldn’t get back to sleep, so I looked at the metals and Gold was up $12 and Silver was up too, but then when I woke up this morning, after going back to bed, Silver had been sold by 81-cents… Gold is still up and has gained $16 to start the day. 

The price of Oil recovered a bit in the last 24 hours and starts today with a $90 handle… While the 10-year’s yield was up to 5.29% before the Fed/ Cabal / Cartel showed up to buy the bond… and so, it settled at 5.23% to start our day…

You know it occurred to me yesterday that I haven’t talked about the currencies much lately… Well, sometime ago, I told you I was going to concentrate of writing around Gold and the dollar… For the currencies are not going to find a rally flag to wave, unless the dollar is having problems… Of course there are exceptions to that rule, and right now the Chinese renminbi is on the rally tracs as is the dollar… 

So, if you didn’t believe me when I wrote about switching to Gold/ Silver and the dollar, maybe you do now… But, I’ll try to remedy that today…

This has been a brutal month for bonds, and currencies… and the rise in yields on Treasuries it has put pressure on the dollar to rise, and it has… thus leaving the currencies in its wake…  Except one currency, the Chinese renminbi… It used to be a funny thing (not funny ha ha) to watch every time the leaders of the U.S. and China were scheduled to meet. The Chinese renminbi would soften and get weaker to show the U.S. they are doing what the U.S. wants them to do, and that is weaken the renminbi to allow U.S. exports to be better priced in China… 

But this time, was different… The renminbi continued to get stronger VS the dollar, and I don’t think that the pair was discussed in the meeting between the POTUS and Chinese leader Xi…. So, the level of the currency is a thing of the past for these two… Hmmm…. 

The U.K. Received some good news economically as their latest GDP report showed the economy growing faster than anticipated…  Sterling couldn’t gain VS the dollar on the news, but it did hit a 6-week high VS the euro… 

And in Japan, the leaders of the Country continue to warn the public about shorting the yen and buying a higher yielding currency… The Carry Trade as it is called… I think that the yen is trouble, and traders are looking to take it down VS the dollar, but are waiting for the leaders talk to die down, as it will with Japan… 

And do I have something different for you in the FWIW section today, you won’t want to miss this… I’m just saying…

The U.S. Data Cupboard yesterday had the stupid Consumer Confidence report for Sept, and it was awful… The Report had the biggest drop in a month since April 2014! Consumer appraisals of current business conditions became negative for the first time since September 2024… So, for once in a blue moon, Consumers got it right… I’m just saying… The Case/Shiller Home Price Index for July, came in at 0%… So, housing stopped its rise, and didn’t gain anything in July… And that’s before the rate hike!

The U.S. Data Cupboard is chock-full-o-data today… First up is the ADP Employment Report, and they forecasting 68,000 jobs for Sept… Then we’ll see the color of Personal Income and Spending… Then the PCE will print for Aug. Which was prior to the FOMC’s rate hike, so the outlook for this data is for the PCE on an annual basis to remain at 3.7%… We’ll also see the color of Retail Inventories, in August… 

To recap… The dollar continued to rally and added 2 index points yesterday… Gold/Silver found a bid and was allowed to gain on the day… And today, is chock-full-o-data so get ready for the lies and videotape to come forward… 

For What It’s Worth… This article is very interesting in that what if you were Mr. Rogers’ neighbor and you liked him? Oh well, you’ll have to read it to get what I’m asking… The article can be found here: John Rogers Fed China espionage case: What happened

Or, here’s your snippet: “John Harold Rogers was walking Prada, his tiny spaniel, past a school bus stop in his suburban Washington neighborhood when FBI agents surrounded him. They handcuffed the former senior Federal Reserve official and took him into custody to face charges of spying for China.

An agent took Prada’s leash, and investigators from multiple federal agencies began an intensive search of Rogers’ house.

The now 65-year-old economist was arrested in January 2025, days before he was set to travel to China with his wife, a Chinese national, and their 6-year-old daughter. Investigators believed that Rogers passed information about the Fed to a Chinese government spy, who, over more than a decade, helped him with his career, his finances and his marriage to a woman 24 years his junior.

Rogers’ descent from senior Fed official to espionage suspect appears to have been driven by his desire for female companionship. This desire was exploited by a Chinese government agent, who became increasingly entwined in Rogers’ professional and personal life. Rogers’ indiscretion was later exploited by online blackmail scammers, ultimately leading to his downfall.

“The facts of this case read like a spy novel,” federal prosecutor Nicholas Hunter told the jury at Rogers’ trial in 2026. “There was sex. There was money, manipulation, secret meetings with shady characters in China, fake identities, lies, trickery, and deceit. But this was real life. The events of this case all happened.”

The crucial question, though, was whether Rogers was a spy or a dupe for Chinese intelligence. His lawyers argued that he didn’t pass any information of value to the Chinese and that he was just a naive academic who got caught up in espionage.”

Chuck Again… this is a very interesting article, so if you have time go ahead and click on the link above and read it in its entirety… 

Market Prices 9/30/2026: American Style: A$ .6971, kiwi .5646, C$ .7056, euro 1.1354, sterling 1.3290, Swiss $1.1981, European Style: rand 16.3942, krone 9.5957, SEK 9.9837, forint 322.54, zloty 3.8471, koruna 21.5205,    RUB 83.18, yen 157.05, sing 1.2770, HKD 7.8459, INR 95.82, China 6.7043, peso 18.18, BRL 5.2047, BBDXY 1,217, Dollar Index 101.21, Oil $90.74, 10-year 5.23%, Silver $ 60.77, Platinum $1,711.00, Platinum $1,237.00, Copper $6.62, and Gold… $4,186

That’s it for today… The dermatologist froze 8 spots on my scalp the other day and did that hurt! The sent me a cream to apply to my bald head 2x a day and hopefully, all the spots will go away, and I’ll be left with a smooth scalp… with no chances of any of the spots turning into cancer!  It’ll take a couple of Months before I know… By then, I’ll be getting ready for my winter stay at my winter home in S. Florida… Dawn came to the house on Sunday, and she looked much better after her surgery… And Alex & Grace brought their baby son over and we had a ball trying to get him to “talk”….  Emerson, Lake, and Palmer take us to the finish line today with their song: Still, You Turn Me On…. I hope you have a Wonderful Wednesday today, and Please Be Good To Yourself!

Chuck Butler

• the dollar just keeps gtting bought
• Gold/Silver got assaulted by the SPTs on Monday

Good Day… And a Tom Terrific Tuesday to you! Well, I bet that many readers are glad the regular season has completed, and I won’t be reporting Cardinals” scores any longer this year… All good things must come to an end… HA! With the NHL starting tomorrow night, I’ll switch to Blues’ scores… I went to dinner last night with friends, there were 10 of us! And I got stuffed on trashed wings… Dire Straits greets me this morning with their song: Brothers in Arms… 

Well, Gold/Silver fought back yesterday, but they came up really short, as Gold lost $170 and Silver lost 66-cents…  The physical buyers were in there and tried to offset the short sales, but couldn’t and so the losses on the day… I’m no Fibonacci expert, and the fact that Gold fell below the Fibonacci level of support, must mean something… But I’m a realist and I believe in the power of phsyical buying and that’s why I’ll let the Fibonacci thing pass… 

Central Bank buying is still keeping Gold / Silver from falling even more than the short sellers would like… I’m just saying…

The dollar continued to gain yesterday. This time the dollar picked up 3 index points in the BBDXY and gained even more in the overnight markets…  What’s wrong with these folks? Can’t they see that they are buying dollars when 1; the bond servicing (interest they have to pay) is going to choke off our financials… 2: The U.S. is coming close to running out of Oil… 3: The K status of the economy, is going to show that consumer buying is out… And there are more… But these are the top 3..  So, why are they buying dollars? They are buying them because they see the FOMC raising rates in the future and they want to not miss out of these rate hikes….

Now, if the problems facing the dollar didn’t exist, then buying dollars on rate hike forecasts would be the thing to do… but with every rate hike that sends rates higher, so too, are the bond servicing costs… So, go ahead and buy your dollars now, you’ll be sorry… I’m just saying…

The price of Oil slipped a bit yesterday, and ended the day with a $93 handle… While the 10-year Treasury, continue to rise, ending the day at 4.23% yield… When will the bond boys be happy with the rise in yields? Good question… and one that I don’t have an answer to..

In the overnight markets last night… Like I said above the dollar continued its rally last night gaining 2 more index points and the BBDXY sits at 1,216 to start the day…  Gold is up this morning after yesterday’s assault on it by the SPTs, and is up $43, and Silver is also up this morning, 42-cents… 

The price of Oil has slipped some more and trades this morning with a $91 handle, while the 10-year Treasury saw some Fed Buying and the yield slipped to 4.21%…  

I spent a lot of time above talking about the dollars’ problems, as I see them… You might be one of those that don’t see things the way I see them, and that’s ok… But if you aren’t, then you should be diversifying your investment portfolio… I’m just saying…

This story came from the good folks at GATA, and told me that refiners are not accepting the Venezuelan Gold that was taken from the country in the military take down…  here’s snippet from that article: “all that gold — hundreds of millions of dollars’ worth — sits untouched in warehouses, according to three people with knowledge of the shipments. Refiners would need to guarantee, under international rules, that the gold has not funded gangs, environmental destruction or corruption.”  

Seems that when you bad mouth something but then take it over and you want to make it good again, that there’s that thought of it being bad that hangs over it… And that’s what this administration is finding out… 

Well, China is really picking up the pace of Physical Gold buying… And then we have the Chinese Golden Week coming up… Sept. 30 through Oct. 7, will be a time for looking to buy Gold…  For the Chinese and their allies will most likely be buying physical Gold during that time….  I’m just saying…

I don’t know for a fact that the Chinese will be buying during this Golden Week, it just seems to me that they will…  So, take this with how ever many grams of sand you wish…

There’s not a lot going on this morning or overnight, so that means there is a wanting of articles and there just aren’t any that don’t talk about the Strait of Hormuz or Iran or the U.S. turning down the Iranian peace proposal…  So that means…  this is just about over for today…

The U.S. Data Cupboard has the Case/Shiller Home Price Index for July for us this morning, and the Stupid Consumer Confidence report for this month… Neither one is market moving, but we do have not 1 but 4 Fed Head talks today… So, they can spread more lies… 

To recap… Gold/ Silver tried to come back yesterday, but the hole they were down was too deep… The dollar continued to rally, and Chuck tells us why he thinks that the dollar buyers will be sorry… 

For What It’s Worth… Well, I mentioned above that Central Bank buying of physical Gold was still strong, and the report talks about what China will take in this year, and it can be found here: China on pace to import 1,700 tonnes of gold in 2026, silver price faces key test near $60/oz – Heraeus | Kitco News

Or, here’s your snippet: “China’s 2026 gold imports could be double those of last year, and will set the high-water mark for the 2020s to date, while silver prices are approaching a key test that could determine the gray metal’s near-term direction, according to precious metals analysts at Heraeus.

In their latest update, the analysts noted that China’s gold imports have already exceeded 2025 totals in 2026. “China imported 142 tonnes of gold in August, taking imports during the first eight months of the year to 1,141 tonnes, 72% higher than the 663 tonnes imported over the same period last year, and higher than the 940 tonnes imported during the whole of 2025,” they wrote. “The strong inflows come despite historically high gold prices and reflect continued investment demand, while Chinese jewelry demand remains comparatively weak. These non-monetary imports are separate from purchases by the People’s Bank of China, which added a further 20 tonnes to its official reserves in August.”

“If Chinese gold imports maintain this pace through the rest of 2026, they will total ~1,700 tonnes, which would represent the highest amount this decade.”

Australia’s gold mine production continued to rise in fiscal year 2025-26 as historically high prices continue to support the mining sector. “Australia produced 303 tonnes of gold up to the end of its financial year in June, broadly in line with its long-run production rate of around 300 tonnes p.a.,” the analysts said. “Output improved at most operations during the June quarter, while several smaller producers also began production. The 303 tonnes produced in Australia account for around 8% of total mined gold supply, which was 3,822 tonnes in 2025.”

Chuck Again… well, you have It there, the Chinese are continuing to buy physical Gold and for that the article also talks about Silver buying, so both are on the docket for more Central Bank Buying… 

Market Prices 9/29/2026: American Style: A$ ..7001, kiwi .5653, C$ .7049, euro 1.1343, sterling 1.3242, Swiss $ 1.9997, European Style: rand 16.3759, krone 9.5893, SEK 9.9807, forint 323.01, zloty 3.8474, koruna 21.5115,    RUB 84.12, yen 178.40, sing 12777, HKD 7.8458, INR 95.98, China 6.7042, peso 17.91, BRL 5.2245, BBDXY 1,216, Dollar Index 101.83, Oil $91.77, 10-year 4.21%, Silver $61.12, Platinum $1,697.00, Palladium $1,245.00, Copper $6.62, and Gold… $4,159

That’s it for today… The MLB playoffs start this afternoon… I have a dear reader that’s a HUGE While Sox fan, and so, I’ve adopted the Sox, as my team… I hope I don’t jinx them like I did my beloved Cardinals!  I just don’t know what to think of the playoffs, in the end, I can’t see any other team besides the Dodgers and Yankees the two highest payrolls, to be in the World Series… UGH!  The Rascals take us to the finish line today with their song: Beautiful Morning… Which I hope it is… I hope you have A Tom Terrific Tuesday, and Please Be Good To Yourself!

Chuck Butler

• The dollar continues to be strongish
• The U.S and China agree on $80 Billion in tarrifs

Good Day, and a Marvelous Monday to you! Well, the regular baseball season is over and done… The Playoffs start tomorrow night… The regular season seemed to go very fast… At least for me! My beloved Mizzou Tigers lost on the road on Saturday… C’mon Tigers come back strong! I had my black & Gold on Saturday but it didn’t help…  We’ve been having cloudy days with some rain lately, so no outside reading for me… UGH! Jimmy Ruffin greets me this morning with his great song: What Becomes Of The Broken Hearted…

Well, the week ended on a different note than had been the norm all last week… The dollar saw some selling, and the BBDXY closed the week at 1,212… The Iranians made a peace proposal to the U.S., but was turned down by the POTUS… I would think that’s the reason for the selling of the dollar… besides in the RSI the dollar was overbought, and that used to mean something…

Gold/Silver closed the week up slightly…  Gold was up $10, and $30 off its high for the day, as the SPTs were there… Silver also closed up slightly 42-cents and 80-cents off its high for the day… Those darn SPTs have to gummy things up all the time… 

The price of Oil lost $2 on the day, Friday and closed the week at $92… And the 10-year Treasury saw its yield at 5.16% to close the week… 

In the overnight markets last night… The SPTs have really out done themselves once again… Gold is down $120 and Silver is down $2.72 to start our day/ week… And these two have come back from being down even more overnight… Gold was down $200 at one point… Yes, I was awake all night and couldn’t sleep, especially since I saw what they were doing to Gold… 

The dollar gained 1 index point overnight and starts today at 1,213… The story below will help explain the dollar’s upward move… The dollar has gotten so strong that even the Swiss franc is losing ground so much that the 1.20’s is questionable for the franc…. And the SPTs didn’t stop with Gold/ Silver, they went after Copper too, and Copper is down $12 to start our day/ week… UGH!

The price of Oil has risen again and trades this morning at $95…. I told you that the price of Oil would stay down just a short time before head higher again and looks like I was bang on… 

And the 10-year Treasury’s yield is 5.21% this morning…  What level will the bond boys be happy with for this bond?  5.21% is quite high and it looks as though it won’t stop rising until ?   

Reuters reported this morning that the U.S. and China had agreed to $80 Billion of cuts in tariffs… That’s a good thing, folks…  Now, if only the U.S. and China would agree to actually track these cuts and monitor them…

That’s the problem with Gov’t plans… There’s never any monitoring of the plan and making sure that the plan goes as announced….  I’m just saying…

 A couple of things I want to mention this morning… The RSI tracks the movement of assets and tells traders when the asset is overbought or oversold…  In this case, the dollar is well into the overbought section of the RSI…  Usually, this will play out accordingly… we’ll have to see, eh?

The other thing is that there was a 5-year Treasury auction late last week that didn’t go so well, even though the yield then rose to its highest level (5.07%) since we as a country were still reeling from the 9/11 attacks…  Foreign demand dropped from 60% to 57%.. And there was a HUGE tail that had to be taken in by the Primaries…

Seeing the rot on the auction vine, the 10-year was sold too and its yield rose to 5.18%… This is very bad for or finances folks… How in the world will we be able to pay the bond servicing costs (interest)? Print more money… And Money Supply will go through the roof!

You may have taken exception of something I wrote on Thursday that we as a country need a friend…  Doesn’t this 5-year auction show just that?

Well, this is the last week of September… And Friday will be the first Friday of Rocktober… And that means the BLS will be cooking the books and adding hedonic adjustments they can come up with to make the labor report look better than last month’s 162,000 created in August…  I read where the markets are looking for a major number to print and that would send the yield on the 10-year to new heights…  Remember, August had over 40,000 teachers going back to work that were counted as created… and then the BLS added just for good measure 74,000 jobs out of thin air…  So, to me the actual jobs created in August was 46,000…

And then I couldn’t believe I heard him correctly, but I do believe that Kevin Warsh, the new el jefe at the Fed/ Cabal/ Cartel, said that employment was strong, and therefore his FOMC would concentrate on getting inflation down… 

Strong? He had better look up the definition in the dictionary of the word strong, because he certainly has a different meaning of the word… I’m just saying… 

The euro is leading the rest of the currencies lower…  And the dollar rally has become a real problem… There’s nothing on the Central Bank meeting table, and there’s nothing data wise that could help them right now, so it’s all up to whenever the dollar reacts to the overbought position it has in the RSI… 

The U.S. Data Cupboard is wanting the first two days of this week, and it won’t be until Wednesday that we receive real economic data… Until then, only a Fed Hed speaking today is on the docket… And tomorrow, we’ll see some unemployment data… but not the data that moves the markets…

To recap… The dollar continues to rally and has pushed the currencies so low. How can one sit there and watch this without adding some cheaper currencies?  Gold / Silver are getting whacked in the overnight markets, and Warsh needs to look up the word “strong” in the dictionary…

And in other news… RIP Bob Pettit… died last week at 93… he was a St. Louis area legend in basketball… I watched him play once and marveled at how he was able to move about the court and score at will… RIP…

For What It’s Worth… this article was printed originally last Friday, so it doesn’t take into consideration the more than $2 downward move by Gold last night. But, it’s worthy to read because it talks about diversification and that’s good in my book! You can find the article here: Gold is throwing out the old rulebook | Kitco News]

Or, here’s your snippet: “- By almost every traditional correlation, gold should be substantially lower than it is today – and the fact that it isn’t is telling us something loud and clear. 

The Federal Reserve is tightening monetary policy, the U.S. dollar is strengthening and the 10-year Treasury yield has surged to around 5.2%, its highest level in 20 years.

World Gold Council modeling suggests that, all else being equal, every 25-basis-point increase in the U.S. 10-year Treasury yield translates into roughly a 1.75% decline in gold. With yields surging higher, gold prices should be well below $4,000 an ounce.

Instead, gold is holding around $4,300. This resilience underscores just how dramatically the precious metal has diverged from its traditional relationship with interest rates.

Of course, gold is not immune to higher yields. Prices are down more than 2% this week and have fallen sharply from their recent highs. Rising real yields increase the opportunity cost of holding a non-yielding asset, while a stronger U.S. dollar creates another significant headwind.

But considering the magnitude of these pressures, gold’s losses remain remarkably contained.

Investors are no longer looking at gold simply through the lens of interest rates. Central bank demand remains an important pillar of the market, while investment demand through gold-backed exchange-traded funds remains relatively resilient.”…

Chuck Again… This downward movement in Gold is a tough row to hoe, as I think about all the people that have not bought Gold, and how this is should be an excellent buying opportunity, but with it doing down every day, when do you buy?  I would say, now, because that’s your opportunity… I’m just saying…

Market Prices 9/28/2026: American Style: A$ .7023, kiwi .5667, C$ .7129, euro 1.1379, sterling 1.3265, Swiss $1.2025, European Style: rand 16.3965, krone 9.4975, SEK 9.9467, forint 322.66, zloty 3.8426, koruna 21.4368,   RUB 84.46, yen 156.96, sing 1.2778, HKD 7.8449, INR 9598, China 6.7136, peso 17.76, BRL 5.2012, BBXY 1,213, Dollar Index 101.12, Oil $95.77, 10-year 5.21%, Silver $61.69, Platinum $1,746.00, Palladium $1,253.00, Copper $6.63, and Gold… $4,169

That’s it for today… My beloved Cardinals limped out of the regular season as they got swept by the Brewers… The had a losing record for the second consecutive year in 2026… But they performed better than the forecasters predicted for them, so there’s that…  I go back to the doctor that sent me for the Moh’s surgery, today…  She wants to make sure that the spot is healing correctly… My favorite song by Chicago takes us to the finish line today… Hard Habit To Break… I hope you have a Marvelous Monday today, and Please Be Good To Yourself!

Chuck Butler

• How’s your diversifation going?
• China visits the U.S.

Good Day… And a Tub Thumpin’ Thursday to one and all! My beloved Cardinals woke up last night and won 5-1 VS the Pirates…  There’s only 4 more games for the team since they won’t be in the Playoffs… And then, baseball will be over for me, until Spring Training 2027… Oh, I’ll watch the playoff games and World Series, but without a dog in the hunt it won’t be the same for me…  Kathy came home yesterday and immediately took the stove top off and cleaned it as I had cooked on it for over a week and I guess left it a mess… Oh well, that’s the price you have to pay for being in S. Florida for over a week! The Yardbirds greet me this morning with their song: For Your Love

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Alrighty then let’s get to the meat…  The dollar continued its onslaught on the currencies yesterday with the BBDXY gaining 4 index points to 1,212… All the things I told you about yesterday that were the reasons for this dollar rally still hold true…  The price of Oil did stop to slip downward yesterday though, but it’s still much lower than it had been. 

Gold/Silver didn’t fare well on the day either… The SPTs were hot and heavy in the metals markets yesterday, and Gold lost $42, while Silver lost $1.72…  Gold lost the $4,300 handle it had held for a while, and Silver lost the $65 handle it too had held… I’m sure the tech gurus would point to something on the charts that told you why… But I’m no technical person, although I do check in my tech guru, every now and then to get the skinny of what he’s thinking… 

The price of Oil recovered a bit of its recent losses… You see, there were some rumors that tons of barrels of Petrol had gotten out the strait, but those proved to be false words, and then the POTUS spoke annihilating Iran and that proved to be the spark that the Oil price needed and it ended the day at $91.58… 

And the 10-year saw its biggest one day upward move in yields in a month of Sundays, as the yield rose to 5.12%… I’ve told you before that I was a foreign bond trader at one of my stops in my career, and I moves I see these days are amazing to me… 

In the overnight markets last night… More dollar buying has the currencies on the run to cover… Don’t peek ahead at the Currency Round up because you won’t like what you see… Shoot Rudy, even the Chinese renminbi has weakened to the 6.71 handle, when just a couple of days ago it was trading with a 6.69 handle… The BBDXY gained another 2 index points and starts today at 1,214…  The dollar is taking no prisoners right now, and it pains me to see this going on.. These rate hike thoughts are really fueling the dollar run, and that’s it, because the price of Oil has rallied to a $93 price this morning… 

The 10-year closed above 5% last night, and this morning it’s at 5.13% yield…  The bond boys are thinking that rates will be much higher in the coming months… and that has the dollar on a rampage…

So much so, that the price of Gold is getting whacked again this morning and is down $27 to start the day, while Silver is seeing the same treatment, and is down $1.12 to start the day… This is getting out of hand, folks… Serenity Now! 

Well, what’s going on with the diversification of your investment portfolio? I know it doesn’t look very good right now, but the idea here is that while one asset class in your portfolio is doing bad the other asset class is doing well… So, right now, bonds are doing awful, while stocks continue to be the bubble floating around the room looking for a pin… Currencies were on top of the world 2 weeks ago, and now they are back in their sick beds, with the same scenario following the Gold/Silver around… 

The idea is to not have all your eggs in one basket…  because if the basket gets dropped, the losses will be greater… So, you spread the risks out among asset classes… that way, if your one set of eggs get dropped you have the other eggs to even things out… 

I sure hope after all this time that I’ve written about diversification and talked about it back when I used to travel to conferences and speak about diversification that you’ve done your homework and diversified accordingly… I would hate to think that I spent all the time writing and talking about diversification that nobody followed through… 

The Eagles did a song titled: Wasted Time… and a piece of the lyrics goes like this: You never thought you’d be alone This far down the line But I know what’s been on your mind ….You’re afraid it’s all been wasted time…

Chuck again…So, let’s make sure that I don’t feel like it’s been wasted time…

China continues to take over the Gold market from London and NY, as they came out with a Gold denominated Bond, and now this: “We have recently reactivated our gold contract in the U.S. dollar. But in the future, perhaps sometime early next year, we will be coming up with a yuan-denominated gold futures contract,” said Gregory Yu, managing director and head of markets at HKEX. They are growing up right before our eye… Soon, they’ll be king of the hill, and there’s nothing that’s going to stop them… 

This is BIG folks… From the AP this morning: “Chinese President Xi Jinping arrived in Washington on Wednesday, where he was met with a rare planeside greeting from President Donald Trump after their top officials agreed to extend a trade truce until January.

Trump’s Treasury Secretary Scott Bessent announced the extension of the truce — under which the countries agreed to scale back tariffs and refrain from imposing new trade restrictions — during a Fox News Channel interview as Trump welcomed Xi at Joint Base Andrews just outside Washington.

“I don’t know whether a bigger deal can be done. I don’t know whether we will just roll the current deal,” Bessent said in the interview, noting the extension to Jan. 10 could give the leaders more time to talk about the issues at upcoming international summits in China in November and Florida in December.”

Chuck Again… Are we kowtowing to the Chinese? In my opinion, yes, but we need to at this point, because everybody has a distaste for the U.S. right now and we need a friend…  I’m just saying… 

I don’t have anything else for you today, so we’ll head to the Big Finish and then get ready for Mizzou’s next game at Mississippi St. on Saturday… 

The U.S. Data Cupboard does have the Weekly Initial Jobless Claims for last week to print today, and then that’s it… Tomorrow we’ll see the color of the August Durable Goods Data… We’ll also see the U. Of Michigan’s Consumer Survey, which last month showed a drop from July 51.7 to 47.8… I would expect this data to fall even more in September, for nothing has improved for Consumers…

To recap… The dollar is on a rampage right now, as I read that some believe that there will be 3 more rate hikes coming to us… Can you say more money to be used for Bond servicing should they hike 3 more times… Gold/Silver saw tons of SPTs contracts, and it wasn’t allowed to garner any Long Bids…  And Chuck goes through diversification once again just in case there are new students to class.. 

For What It’s Worth…  This is another person that thinks like do regarding Gold moving higher with higher interest rates and you can find it here: Gold’s bull run isn’t over: TD Securities sees next leg above $5,000 | Kitco News

Or, here’s your snippet: ” Gold continues to struggle as prices fall below critical support at $4,300 an ounce; however, one bank sees limited downside for the precious metal as the environment looks ripe for a renewed drive above $5,000 an ounce.

In his latest market commentary, Ryan McKay, Senior Commodity Strategist at TD Securities, said that although gold continues to face headwinds from higher interest rates, underlying investment demand remains resilient and is starting to strengthen across several important segments of the market.

“The time is coming for the next leg higher in gold,” McKay said. “The yellow metal has shown the ability to hold strong despite Fed hikes, and with investor and central bank appetite growing again, gold looks poised to make a renewed run at prices north of $5,000/oz into 2027.”

Although rising interest rates and elevated real yields would traditionally be expected to weigh on the non-yielding precious metal, McKay said gold’s traditional relationship with interest rates remains broken.

He noted that there is historical precedent for gold prices to rally alongside rising real rates, particularly when other macroeconomic risks dominate investor sentiment. TD Securities sees elevated geopolitical uncertainty, de-dollarization, concerns about currency debasement, deteriorating fiscal conditions and persistent inflation fears continuing to support investment demand.

At the same time, McKay pointed out that markets have already priced in three additional Federal Reserve rate hikes. He said that creates an asymmetric risk for gold, as any failure by the central bank to meet those expectations could accelerate the precious metal’s upside.”

Chuck again… lots of things to take in, but in the end this guy is telling you the same thing I’ve been telling you… So, that’s that!

Market Prices 9/24/2026: American Style: A$ .7066, kiwi .5668, C$ .7059, euro 1.1371, sterling 1.3224, Swiss $ 1.2082, European Style: rand 16.4322, krone 9.4884, SEK 9.9097, forint 322.11, zloty 3.8541, koruna 21.4553,    RUB 85.03, yen 158.88, sing 1.2799, HKD 7.8424, INR 95.96, China 6.7112, peso 17.57, BRL 5.1756, BBDXY 1,214, Dollar Index 101.25, Oil $93.35, 10-year 5.13%, Silver $63.68, Platinum $1,755.00, Palladium $ 1,288.00, Copper $6.81, and Gold… $4,261

That’s it for today and this week… hopefully next week is a better week for the asset classes that we follow… Like I said above, my beloved Mizzou Tigers travel to Starksville Miss. To play Mississippi State on Saturday and their new Heisman level Quarterback… Big game for my Tigers… Let’s  fight Tigers! I woke up the other night with a panic attack, I was scared at first, but then figured out what was going on, but still couldn’t go back to sleep… It was a long day the next day… It must have been a dream, but really, I don’t know what caused it… The great Smokey Bill Robinson takes us to the finish line today with his song: Crusin’ … I hope you have a Tub Thumpin’ Thursday today and Please Be Good To Yourself!

Chuck Butler