June 9, 2021 * Currencies & metals end up getting sold on Tuesday * The price of Oil rises to $70! Good day… and a Wonderful Wednesday to you! I’m going to start the letter today acknowledging the birthday of one of my fave people in the world… Happy Birthday Laura Baur! Whenever I mention … Continue reading “Who Will Be Our Next Paul Volcker?”
June 8, 2021 * Currencies & metals rallied in the U.S. on Monday * Wages in the U.S. are soaring higher… Good day… And a Tom Terrific Tuesday to you! Well, the doc called yesterday after my bloodwork was run through the gauntlet, and told me that I’m no longer bleeding, and that my blood … Continue reading “Could Basel 3, Send Gold To Higher Ground?”
June 7, 2021 * Another engineered takedown on Thursday… * Russia announces they will remove dollars from their SFW… Good day… And a Marvelous Monday to you! I have some news this morning, I was not thinking on Thursday last week, and failed to alert you to the fact that I had a hospital appointment … Continue reading “Weak Data On Friday, Gives Currencies & Metals Room To Rally”
June 3, 2021 * Currencies & metals rally on Wednesday… * But give back those gains in the overnight markets last night… Good Day… And a Tub Thumpin’ Thursday to one and all! What an awful game last night for my beloved Cardinals… The starting pitcher gave up 11 runs in the first inning, and … Continue reading “As Dollar Weakens, You’re Buying Power Does Too!”
June 2, 2021 * The PPT spends The ESF’s funds to defend the dollar… * Inflation is not transitory… Good Day… And a Wonderful Wednesday to you! I like holiday shortened weeks! And I’m not even employed any longer! Day one of being by myself wasn’t unlike most days… I read, I researched, I napped, … Continue reading “Eurozone Inflation Hits 2%, What Will The ECB Do?”
June 1, 2021 * dollar gets sold to end the week last week * Yesterday’s U.S. holiday, left markets without any direction… Good day… And a Tom Terrific Tuesday to you! And welcome to June! Pfennig Tradition calls for this: June is busting out all over, all over the meadow and the hill… I sure … Continue reading “Gold Moves Past Its Line Drawn In The Sand…”
May 27, 2021 * Dollar gets bought on Wednesday… * Chuck takes us back to the 70’s… Good Day… And a Tub Thumpin’ Thursday to you… I won’t be joining anyone doing any Tub Thumpin’ today, as I’m still weak, but… getting stronger each day, which means my blood loss is being restored, or at … Continue reading “Inflation, Stagflation, They’re Both Bad…”
May 26, 2021 *Currencies are sloth-like in their moves VS the dollar * Gold finally moves back above $1,900! Good Day… And a Wonderful Wednesday to you! Thank you, thank you, thank you (in my best Gomer Pyle voice) for all the get well wishes sent to me this week… I didn’t mean to scare … Continue reading “The Erosion Of The Dollar Continues…”
May 19, 2021 * Currencies & metals drift on Tuesday * And start today in the red… Good Day… And a Wonderful Wednesday to you…. This is the last Pfennig of this week, as tomorrow, bright and early I have to report to the hospital for a new set of scans… Cardinals got back on … Continue reading “China To Ban Cryptos?”