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?”
June 28, 2023 * Currencies and metals get sold overnight… * The short positions in Silver surge higher…. Good Day… And a Wonderful Wednesday to you! Well, that was some game last night! My beloved Cardinals got over their Jet lag and beat the Astros 4-2… I had a group of my pals over to … Continue reading “The Overnight Markets Heard You, Jerome Powell…”
June 27, 2023 * currencies & metals rally on Monday & overnight * Indian rupee steps up as a Carry Trade alternative… Good Day… And a Tom Terrific Tuesday to you! Congrats to LSU for their NCAA baseball Championship, winning the rubber game of 3 last night in convincing style too! My beloved Cardinals returned from London … Continue reading “The Debt Time-Bomb Is Ticking…”
June 26, 2023 * currencies & metals rally in the overnight markets * Chuck counts the ways the U.S. economy is in a bind… Good Day… And a Marvelous Monday to you! Whew! What a weekend that I thought I was doing nothing… Friday was my granddaughter, Delaney Grace’s play… She was a lead, and … Continue reading “The Carry Trade Returns!”
June 22, 2023 * currencies rally on Wednesday * Chuck’s crystal ball is hazy… Good Day… And a Tub Thumpin’ Thursday to one and all! Boy, the week went by fast, for me… One day I was recovering from Father’s Day, and the next day seems to be the end of the week! I did … Continue reading “Where’s The Bottom?”
June 21, 2023 * dollar is bought overnight again, not in U.S. session * Gold & Silver get taken down again… When will it end? Good Day, and a Wonderful Wednesday to you! 4 in a row! After all the losses this year, 4 wins in row, feels like my beloved Cardinals have turned corner, … Continue reading “The BRICS Will Throw A Cat Among The Pigeons…”
June 20th, 2023 * the dollar gets bought in the overnight markets * The Fed Heads look backward to decide what to do in the future? Good Day… And a Tom Terrific Tuesday to you! 3 in a row! WOW! Well, my beloved Cardinals, are proving that they are not dead yet, after coming behind … Continue reading “$32 Trillion And Still Counting!”
June 19, 2023 * Currencies & metals rally last week * ECB hikes rates again… Good Day… And a Marvelous Monday to you! Well, how was your Father’s Day? Mine was grand, even through we had to dodge a few rain drops! All the kids were here, and then the sun came out, and it … Continue reading “BOJ Disappoints Again!”