Markets Get A Glimpse Of The Recession Train!

A Pfennig For Your Thoughts Rocktober 2, 2019 *dollar gets sold, gold gains, bonds rally… * RBA cuts rate below 1% for first time in history! Good Day… And a Wonderful Wednesday to you! I would bet that the good money was on the Washington Nationals last night to win […]

Is China’s Golden Week To Blame For Gold Selling?

A Pfennig For Your Thoughts Roctober 1, 2019 * Currencies get sold again in the overnight markets… * Apparently Investors don’t really like negative yielding bonds! Good Day… And a Tom Terrific Tuesday to you! And welcome to Rocktober! No baseball for me last night, so I read, but not […]

U.S. Data Prints Bad… Dollar Rallies… What Gives?

A Pfennig For Your Thoughts September 30, 2019 * Currencies and Gold get sold in the overnight markets * Will the Administration put a choke hold on Capital Flows to China? Good Day…. And a Marvelous Monday to you… A Monday that brings us the new Central Division Champions in […]

The Dollar Bugs Return In The Overnight Markets!

A Pfennig For Your Thoughts September 25, 2019 * RBNZ leaves rates unchanged…  * Russian ruble isn’t intimidated by the dollar bugs…  Good Day… And a Wonderful Wednesday to you… Still a bit under the weather yesterday, and ended up sleeping most of the day… I really don’t like wasting […]

Fed Cuts Rates… But What’s Next?

A Pfennig For Your Thoughts September 19, 2019 * Currencies continue to inch higher VS the dollar * BOE meets today, but don’t expect any fireworks…  Good day… And a Tub Thumpin’ Thursday to you! Well… I brought home a winner yesterday, as anyone that knew I was going to […]

It’s A FOMC Day! Again!

A Pfennig For Your Thoughts September 18, 2019 *Currencies get off the mat, but the gains were small! * Chuck dives into his knowledge of Oil… (it won’t take long! HA!) Good day… And a Wonderful Wednesday to you! Well, the team that can’t hit, proved once again last night […]

Are We Revisiting 1973?

A Pfennig For Your Thoughts September 17, 2019 * It’s all about the dollar again this week… * Is the Fed about to disappoint the markets? Good Day… And a Tom Terrific Tuesday to you! My beloved Cardinals got back on the winning side last night, but the problem remains […]

September 16, 2019 Count Draghila Strikes!

A Pfennig For Your Thoughts September 16, 2019 * Saudi Oil supplies take a hit from a drone attack! * Oil soars, the Petrol Currencies follow, and Gold soars… Good day… And a Marvelous Monday to you! What started out to be a great weekend for my beloved Cardinals turned […]

Chuck Reads Draghi’s Mind!

A Pfennig For Your Thoughts September 12, 2019 * Currencies remain in tight ranges… * Trump & Xi decide to not go all-in with tariffs… right now that is! Good Day… And a Tub Thumpin’ Thursday to you! I’m not going to participate today in any Tub Thumpin’, so I […]

Euro Traders Seem To Be Frontrunning The ECB…

A Pfennig For Your Thoughts September 11, 2019 * Currencies trade in tight range, except euros… * Russia believes that the Oil price will fall to $40… Good Day… And a Wonderful Wednesday to you… Well, today is the we observe our 2nd day of infamy… To this day, I […]

Credit Card Debt In The U.S. Soars Higher!

A Pfennig For Your Thoughts September 10, 2019 * It took a day, but rubles finally get bought! * Currencies trade in tight range yesterday, but slip overnight Good Day… And a Tom Terrific Tuesday to you… No baseball for me last night, and I really don’t get excited any […]

Russian Economy Continues To Grow, 5 Years After Sanctions

A Pfennig For Your Thoughts September 9, 2019 *China cuts reserve requirement ratio 50 basis points! * U.K. surprises with a 0.3% GDP growth print for July! Good Day… And a Marvelous Monday to you… Well, my beloved Cardinals have taken over 1st place in the Central Division, and widened […]

Here Goes Silver!

A Pfennig For Your Thoughts September 4, 2019 * Currencies get up off the mat! * Eurozone Retail Sales in July go negative! Good day… And a Wonderful Wednesday to you! Another near no-hitter was pitched by the Cardinals Jack Flaherty last night… he was sailing along, and one mistake […]

The Trade War Goes Into A Higher Gear!

A Pfennig For Your Thoughts September 3, 2019 * But dollar bugs won’t be distracted, they keep buying dollars! * Chuck takes us back to his days as a cashier in Des Moines, Iowa! Good Day… And a Tom Terrific Tuesday to you! What a great weekend here in my […]

A Tale of Taels

A Pfennig For Your Thoughts September 2, 2019 Have I Got A Treat For You Today! Good day… And a Fantastico Friday to you! This is out of the ordinary, me writing on a Friday, but I’m going to do very little of the writing. Instead, I have a special […]

Did Mnuchin Just Give No Intervention A Vote Of Confidence?

A Pfennig For Your Thoughts August 29, 2019 * The dollar continues to rule the roost * Gold fights the dollar bugs, and wins! Good Day… And a Tub Thumpin’ Thursday to you! Well… one of my good friends (Kevin, aka Webbie) said to me last night… “Well, your short-n-sweet, […]

U.K. PM Johnson To Suspend Parliament…

A Pfennig For Your Thoughts August 28, 2019 * Back to the dollar bugs ruling the roost… * But the dollar can’t hold Gold in check! Good Day… And a Wonderful Wednesday to you… A Chamber of Commerce Day here in the St. Louis region yesterday… And I failed to […]

Why Can’t The Powers That Be Allow Markets To Be Markets?

A Pfennig For Your Thoughts August 27, 2019 * Currencies, Gold, bonds all are none events on Monday * Japan’s Fin Min is worried about the yens latest move…. Good Day… And a Tom Terrific Tuesday to you… Back to regular programming today… I drove through what felt and looked […]

Trade War Begins To Get Real Ugly…

A Pfennig For Your Thoughts August 26, 2019 * Gold soars on Fed’s waffling… * Trump Practices singing a Brenda Lee song… Good Day… And a Marvelous Monday to you…. I know, I told you no Pfennig this morning… But I had so many thoughts this weekend I didn’t want […]

Fed’s Meeting Minutes Disappoint The Rate Cut Campers!

A Pfennig For Your Thoughts August 22, 2019 * Currencies remained stuck in the mud yesterday * Eurozone PMI’s remain below 50… Good Day… And a Tub Thumpin’ Thursday to you! I was with a few of my good friends at my fave watering hole yesterday afternoon, and one of […]