August 7, 2023 * dollar rallies while Chuck was gone… * A tsunami of Treasuries hit the streets… Good Day… And a Marvelous Monday to you! I’m back! And full of you know what and vinegar! The U.S. saw a ratings drop, the Fed Heads did hike rates again, and we’re seeing a debt explosion… … Continue reading “He’s Baaaaaccccckkkk!”
July 18, 2023 * currencies and metals rally in the overnight markets * China’s economy slows down, what’s next? Good Day… And a Tom Terrific Tuesday to you! I apologize for the tardiness of the letter yesterday… I had some technical problems that needed to get fixed before the letter could get sent out… Well, … Continue reading “Gold Rises To A 4-week High…”
July 17, 2023 * Currencies & metals rally into the weekend… * Debts soar after the debt escalator agreement! Good Day… and a Marvelous Monday to you! What a great game Saturday night at City Park! My oldest son, Andrew, and I thouroughly enjoyed a 3-0 Stl. City SC win! We arrived at the stadium … Continue reading “Fund Managers Say, Sell Dollars!”
July 13, 2023 *The rout on the dollar was widespread… * Fund Managers think the dollar has peaked… Good Day… And a Tub Thumpin’ Thursday to one and all! Well, we had some major wind, and Thunderstorms move through last evening, and the blew out the power… The power was out for about an hour … Continue reading “CPI Throws A Cat Among The Pigeons….”
July 12, 2023 * Currencies & metals rally on Tuesday & overnight! * China seems to be in trouble with their economy… Good Day… And a Wonderful Wednesday to you! The All Star Game last night was very interesting.. Congrats to the National League who won the game for the fist time in 10 years… I … Continue reading “What Bag-o-Tricks Will CPI Have For Us Today?”
July 11, 2023 * Gold rallies on BRICS announcement.. * Petrol Currencies wake up! Good Day… And a Tom Terrific Tuesday to you! Well, my first day at home by myself was no biggie, I even made myself some yummy pasta with Italian sausage meatballs for dinner last night! See? I’m not totally dependent on the Pizza … Continue reading “BRICKS To Back Their Currency With Gold?”
July 10, 2023 * The dollar gets whacked on Friday! * Gold & Silver’s gains are capped once again… UGH! Good Day… And a Marvelous Monday to you! Well the first half of the baseball season thankfully came to and end yesterday, with my beloved Cardinals in last place… UGH! They just find new ways … Continue reading “Mr. Yen Says Steer Clear Of Yen!”
July 6, 2023 * currencies and metals rally in the overnight markets * Fed Heads Dissenting, who knew that could happen? Good Day… And a Tub Thumpin’ Thursday to one and all! A very short week for me and the Pfennig, and that suits me just fine! I have to say that after 31 years … Continue reading “China To Sell Dollars To Protect The Renminbi?”
July 5, 2023 * lots of short paper trading late last week * Sweden hike rates… Good Day… And a Wonderful Wednesday to you! And even though it’s already the 5th of July… Welcome to July… Pfennig tradition calls for this: There I was… on a July Morning… Looking for love, with a new day … Continue reading “M2 Contracts… What Does That Mean?”