Rocktober 9, 2023
* Currencies & metals rally on Friday
* What the real Columbus Day holiday is about…
Good Day… And a Marvelous Monday to you! This as mentioned previously will be a much-abbreviated Pfennig today, because… It IS A Holiday! But since I won’t be writing the next two days, I thought I had better at least let you know I’m still here! Well, my beloved Mizzou Tigers couldn’t pull out a win on Saturday, so it’s back to the drawing board… Our Blues had a good exhibition game VS the Stars, so that was good… And my goodness did the temps drop this past weekend! I was shivering, all day yesterday… My 50th Class Reunion was good… I told my wife on the way home, that I can’t believe I went to school with all those “old folks”! HA! Robert Plant greets me this morning with his song: Big Log…
Well, today, is Columbus Day… but soon the woke crowds will eliminate this holiday… They say that Columbus was a bad man… Well, that be, but that’s not what this holiday was all about! It was about celebrating the immigrants that had come to the country and were being mistreated. So… woke crowd, if there are any of you that read this letter, of which I kind of think there aren’t any, that’s the reason for the holiday, not just Columbus… So, put that in your pipe and smoke it! All this “cancelling” of our traditions, really upsets me… Without our pasts, we are nothing… Ok, we’ll gon on to the letter from here, just wanted to get that off my chest today…
The Jobs Jamboree last Friday was a sight to see… That is if you believe in fairy tales… The BLS said that job creation in September was to beat the band… Here’s Yahoo Finance with their thoughts: “The US economy added 336,000 jobs in September, highlighting concern that the labor market isn’t cooling as fast as the Federal Reserve would like in its battle against inflation.
The nonfarm payroll additions were nearly double the 170,000 economists surveyed by Bloomberg had expected. Revisions to the August and July jobs reports released Friday showed there were 119,000 more jobs created during those months than previously reported…
Notice the comment about how 119,000 jobs that were previously reported as created, were reversed? I’m sure that in a few months we’ll see a revision of the Sept. report… But, the report was good enough curb appeal to get the dollar bugs all riled up and they sent the dollar higher on the news of the report. You see, with job creation so strong, that puts a damper on the Fed Heads’ thought that they had inflation on the run, and now the markets believe the Fed / Cabal/ Cartel will hike rates again…
Gold finally saw a n up day on Friday! Gold gained $12.90 to end the week at $1,834.10, and Silver gained $64-cents, to end the week at $21.70… While the thoughts of sugar plums danced in their heads, no, wait! While the thoughts of higher interest rates should have led to metals getting sold, the thought here is that if rates are going higher, the damage to the economy will be greater, and therefore the Chicken Littles, were out in force, and that helped Gold gain on the day…
The 10-year’s yield rose to 4.80% on Friday before closing at 4.79%… The bond boys see rates going higher too… And the price of Oil was steady on Friday and ended the week with an $82 handle.
In the overnight markets last night… Well, the selling of the dollar went to the roadside, and buying it came back with vengeance… The BBDXY has gained 3 index points to start the day and week. The selling of Gold ended last Friday, and overnight Gold has gained $15 to start the week. Silver is down 7-cents to start the day. The war that has started in Israel, has the price of Oil on the rebound, and it trades this morning with an $86 handle, up $3 to start the week. There was no movement in the 10-year’s yield overnight. so we start the week at 4.79%… I can’t help but think that since the 10-year’s yield visited 4.83% last week, that it will return there soon…
The U.S. Data Cupboard today and this week, is lacking at best… There’s nothing on the docket to rock the markets, and only a list of Fed Head speakers fill the docket…
To recap… Gold & Silver finally had positive days on Friday… The Jobs Jamboree said that there were 336,000 jobs created in September… And that had the rate hike boosters on high alert, and that meant that the higher rates would damage the U.S. economy, and that’s what had Gold moving higher on Friday, and the dollar buying sent to the showers for the day… The overnight markets returned to dollar buying.
Or, here’s your snippet: “If you have not yet read the book 1984 by George Orwell, you absolutely must.
I loathed that novel when I read it as a teen, because I hated the entire idea of an authoritarian government controlling its people so deftly. The dystopian world it described was just so depressing, so wrong, from the first page to the last. And yet, here we are, almost 75 years after Orwell first penned the book, and we see how that hellish science fiction novel is now playing out before us.
Even the left-leaning Wikipedia describes the book as a “cautionary tale” whose theme centers on “the consequences of totalitarianism, mass surveillance and repressive regimentation of people and behaviours within society.” Modeled on the authoritarian states of Stalin’s Soviet Union and of Nazi Germany, the book takes a deep dive into the role of truth within a society, and the ways in which truth and facts can be manipulated by government to control the population.
What you saw and heard with your own eyes and your own ears, the government denied and demanded you cast it aside and not believe it.
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
― George Orwell, 1984
Through the Ministry of Truth, the government (referred to in the book as “Big Brother” or “the Party”) engages in endless propaganda, intense surveillance, and the open and obvious negating of historical fact. Individual thought, and questioning of authority led to immediate persecution. Why deny facts and rewrite history? Well, as Orwell says in the book,
“Who controls the past controls the future. Who controls the present controls the past.”
― George Orwell, 1984
Now let’s fast-forward to the present day. I will begin with this profound statement that keeps churning over in my head:
They must really think we are stupid!
The “they” is our government (federal and state). The “we” is you and me, and the other 300+ million Americans across our country.
Alas, here we are, entering the final quarter of 2023, and we have the United States government, and many state governments (including New York’s former Governor Andrew Cuomo, current left-wing Governor Kathy Hochul, and the super-majority Dem legislature) proclaiming for all to hear that they did not force anyone to do anything detrimental these past 3.5 years. UNBELIEVABLE! Did you hear this? They are actually saying with straight faces that they didn’t force you to wear a mask, or lock down and shutter your businesses, or choose between taking an experimental drug or losing your job… Nope! They did none of that. And you – well, you are flat out crazy if you think they did. You are lying. You are exaggerating and totally overreacting.
Unfortunately for Big Brother, ooops, I mean unfortunately for our 100 percent reliable, never-lies-to-us government, we have actual documents (including lawsuits), news stories, social media posts, and videos of the government at all levels mandating and forcing us to do all of those things, and more. Here’s just one example of Biden himself, the “Big Guy,” mandating the C19 shot:”
Chuck again… a long snippet, I know, but this is so important, I think, to let you know not to believe what the Gov’t tells us is the truth, the whole truth, and nothing but the truth… Yes… I’m jaded, regarding the Gov’t…
Market Prices 10/9/2023: American Style: A$ .6364, kiwi .5978, C$ .7320, euro 1.0528, sterling 1.2166, Swiss $1.0989, European Style: rand 19.4002, krone 10.9110, SEK 11.0283, forint 369.19, zloty 4.3503, koruna 23.2684, RUB 101.83, yen 149.16, sing 1.3693, HKD 7.8301, INR 83.27, China 7.2912, peso 18.29, BRL 5.1699, BBDXY 1,274.35, Dollar Index 106.53, Oil $86.25, 10-year 4.79%, Silver $21.63, Platinum $886.00, Palladium $1,147.00, Copper $3.59, and Gold… $1,849.18
That’s it for today… I really am fed up with the lies and videotape of the Gov’t… We need leaders that speak the truth, no matter how damaging it is… Get it out there and let THE PEOPLE decide, and not just the minority groups! As I look back at what I wrote this morning, it wasn’t as “abbreviated” as I thought it would be… That’s not surprising to you is it? I do tend to get carried away at times… Well, my beloved Mizzou Tigers couldn’t hold a lead on Saturday, and ended up losing their first game to LSU… UGH! The NHL regular season starts this week… Go Blues! The Little River Band takes us to the finish line today with their song: Cool Change… I hope you have a Marvelous Monday today, and please Be Good To Yourself!