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Articles by Daily Pfennig

Where’s The Mousetrap?

4 days ago

A Pfennig For Your Thoughts
January 16, 2020
* Currencies continue to inch upward on Wednesday…* Chuck & Dennis talk… that’s not a good thing for the Fed!
Good day… And a Tub Thumpin’ Thursday to you! It’s been awhile, with the holidays and vacations, since I wished you a Tub Thumpin’ Thursday! But here I am… I’m ready to rock you like a hurricane! I could get in trouble down here saying that “h” word… They’re very sensitive about that here on the east coast! Well, I made my way to the barber yesterday for a head and face shave… It was not what I expected the experience to be, but I got what I came for, so no problemos! I had never had a barber shave my face before… I like it and will return on a regular basis! The band Montrose greets me this morning with their song: Rock Candy…
The

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What Did China Give Up To Get The Currency Manipulator Tag Dropped?

4 days ago

A Pfennig For Your Thoughts
January 15, 2020
* Another day of no movement, but overnight changed that! *Jim Rogers joins us for our daily discussion this morning!
Good day… And a Wonderful Wednesday to you! Another day, another day of nothing happening in the currencies… We’re at a standstill here, just like we were a couple of weeks ago, when I told you that traders are thinking that they shouldn’t be holding dollars, but they can’t think of a currency they would want to own instead, right now… It was at that time that I suggested the Russian ruble, but apparently, they are still stuck in the cold war era when it comes to Russia… So, with that out of the way for today… The band Nazareth greets me this morning with their song: Holiday… Momma, momma please no more facelifts, I don’t know

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U.S. Removes “Currency Manipulator” tag from China

6 days ago

A Pfennig For Your Thoughts
January 14, 2020
* Currencies move sideways throughout the day and night… * Gold gets whacked again! UGH!
Good Day… And a Tom Terrific Tuesday to you! A not so great night, as LSU beat Clemson in the NCAA National Championship Game last night. I say that because my good friend, Rick B. is a diehard Clemson fan… But our Blues won! And extended their new winning streak to 4 games, all at home, with one more home game in this 5-game homestand… I got to my wound center appointment with a few minutes to spare yesterday, and was in and out in record time! Thursday’s visit won’t be like greased tracks but at least I know what to look forward to! So… What’s on your mind today? Mine is blank because of staying up too late to watch the football game. UGH! This is when I

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Last Monday’s Euphoria Has Faded Away…

7 days ago

A Pfennig For Your Thoughts
January 13, 2020
* The dollar comes back with a flurry of punches! * 2020 begins with the same “Opposites trading pattern”… UGH!
Good Day… And a Marvelous Monday to you! Did you watch the Kansas City / Houston playoff game yesterday? WOW! Down 24-0 the K.C. Chiefs came back to win and score 51 points! What a turn around! Before that one, the only one that compares was the old Buffalo / Houston playoff game with Buffalo using their second string quarterback to comeback from a large deficit to win… That was quite a few years ago now… Well, did you hear that the Iranians were blaming the U.S. for them shooting down that passenger plane last week? Strange, but true… Grasping at straws… Oh, I have a correction to something I typed last week, I said that the

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Geopolitical Problems Arise, One Of The Reasons To Own Gold…

11 days ago

A Pfennig For Your Thoughts
January 8, 2020
* Currencies fall back as the dollar rebounds…* Gold soars with the eagles but gets grounded with the turkeys!
Good day… And a Wonderful Wednesday to you! My travel day yesterday went along OK, until… my stomach began to revolt on me… UGH! But we made it here, to S. Florida, to our 2nd home… And I’ll be here until April… I was a happy camper again once we got outside here, and it was sunny and 75… I love warm weather! Well, Gold soared briefly yesterday, as the Iranian retaliated for the airstrike on them last week. Not that I want to see war escalating, but this is one of the reasons you own Gold! So, more on that today, and talk about what happened to the short-lived currency rally… So, pull up a chair, grab a cup of joe… and let’s go! The

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We Simply Refuse To Learn From Our Mistakes!

14 days ago

A Pfennig For Your Thoughts
January 6, 2020
* Airstrike in Iran sends the dollar to the woodshed!* And send Gold soaring higher!
Good Day…. And a Marvelous Monday to you! Welcome to January and 2020! The Roaring 20’s are back! Well, at least in as far as decades go… How was your Christmas and New Year celebrations? I had a fabulous time through it all, even though most days I was feeling like death warmed over… The currencies and metals sure rallied strongly in that time. Tomorrow is a “travel day” for me, so by the time I get to the airport, you’ll still be sleeping, which means no Pfennig tomorrow, but I’ll be back in my home in the south to write on Wednesday… There’s been quite a bit of news since I last talked to you last Monday, so, we’ll talk about some of that, and other things

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A Chuck Was Away Rally For The Currencies!

20 days ago

A Pfennig For Your Thoughts

December 30, 2019

* Silver tries to move higher, but was stopped!
* Chuck offers an idea to help the economy….

Good Day… And a Marvelous Monday to you. Well, I’m back… if only for two days this week… Today and Thursday… As tomorrow we will put a bow on 2019, and pack it away, and tradition calls for me to sleep in to prepare for the night ahead… And then Wednesday, is recovery day, as we start the New Year…. So… How was your Christmas holiday? Mine was fine… My grandkids were so darn excited and happy… We celebrated Kathy’s birthday… Well she did, I was stuck at home with a flare up of the gout… OUCH! Man that stuff is painful! Al Stewart greets me this morning with his song: On the Border…

I was swamped with news articles while on vacation… I tried to

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Will Phase One Be A “One And Done?”

December 16, 2019

A Pfennig For Your Thoughts
December 16, 2019
* Currencies lose a little ground on Friday * Rubles are best performing currency in 2019
Good Day… And a Marvelous Monday to you! Well, we’ve come to that time of year, when Chuck goes on his annual Winter Vacation… That will start tomorrow and go through the 26th… When I used to work for a living, I always wanted to be away from the desk at Christmas, because I didn’t want to have to be the guy that made them work and not frolic and be giddy about Christmas! So, my annual Christmas vacation is a tradition, and even though I don’t have a crew any longer… I still honor traditions! So… I know, I know, you’ll miss me… HA! Longtime readers know that there’s a special Pfennig that will come on Christmas Eve… I’m already putting some thoughts into

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Dollar Bugs Get Sent To The Woodshed…

December 12, 2019

A Pfennig For Your Thoughts
December 12, 2019
* Currencies & metals rally on Wednesday * First ECB meeting for Lagarde today… Chuck’s watching…
Good Day… And a Tub Thumpin’ Thursday to you… On our triple T-day, we will attempt to unravel the mystery of What The Hell the Fed Is Up to! OK, I’m just kidding… I doubt anyone can figure those guys and girls out! Least of all little old me, down here in my basement, at my writing desk, in my little river town outside of St. Louis, Mo! Although I still try to figure them out… My 2nd day being alone… I kept busy… and the day went by fast! With two men in the house for dinner, I made steak and potatoes… I thought about a salad, but… then I unthought about it! HA! I sautéed some mushrooms, for the steak, and Alex and I ate like Kings! The original

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It’s FOMC Meeting Day!

December 11, 2019

A Pfennig For Your Thoughts
December 11, 2019
* Currencies drift up and down on Wednesday… * Next week could be BIG….
Good Day… And a Wonderful Wednesday to you! Well… I attended a holiday party last night that basically is an old Mark Twain Bank reunion, hosted by Frank Trotter, John Dubinsky, and Chris Lissner… I get a kick out of going when I can, because there’s always somebody new to catch up with, and last night it was a former colleague, Janet Rogers! The Usual suspects were also there, with appearances from the wily old veteran, Jack Milner, and too many others to name them all! It was an early evening, and I was able to get home to watch the Blues hockey game, which they lost. UGH! I just can’t stand in one spot very long, and so it was time for me to go! Right off the get-go this

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Markets Redirect Their Focus To Tomorrow’s FOMC

December 10, 2019

A Pfennig For Your Thoughts
December 10, 2019
*Currencies & metals drift throughout the day on Monday* RIP… Paul Volcker…
Good Day… and a Tom Terrific Tuesday to you! Well… How are you today? Good I hope! I watched a 30 for 30 last night, and it was about the 1983 N.C. State Basketball team. Longtime basketball folks will recall that the late Jim Valvano coached that team with a 10 loss season, to not only the ACC Tournament Championship, but also the NCAA Championship… Jim Valvano died of cancer 10 years after winning it all, and I’ve used his words at the 1993 ESPY Awards as my guiding light through my ordeal with cancer… “To me, there are three things we all should do every day. We should do this every day of our lives. Number one is laugh. You should laugh every day. Number two is

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Quarles Says Banks Are Stable, Why Then Do They Need Repo Money?

December 5, 2019

A Pfennig For Your Thoughts
December 5, 2019
* Currencies drift higher on Wednesday… * Gold backs off by $3, and starts today in the red…
Good day… And a Tub Thumpin’ Thursday to you! Another day, another day of weak data… what else is new here in the U.S.? These are strange days, because everyone, and I mean everyone has this feeling, whether they want to admit it or not, that something awful is about to happen to the U.S. economy… Our Blues played in Pittsburgh last night, after beating the Penguins at home last week, convincingly, they lost….. Home ice in hockey used to be a BIG DEAL But now-a-days teams go on the road and win all the time… It’s all good though… The Blues are playing better now than they were last spring on their way to their first Stanley Cup Championship! So, watch

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Have You Ever Heard Of A Debt Bomb?

December 4, 2019

A Pfennig For Your Thoughts
December 4, 2019
* Currencies drift with no data on Tuesday…* Talking with Elvira, makes Chuck smile…
Good day… And a Wonderful Wednesday to you! I was reminded yesterday by our local newspaper that it was the day to look back to December 3, 1990, when a man named Iben Browning predicted that we would experience an earthquake that would devastate the St. Louis region, with seismic shifts that would equal 1811-12… We were prepared, with lots of canned goods, bottles of water, large bottles not the kind they sell today for $4 a piece! We had backup plans and the whole shootin’ match, and the earthquake never came… I don’t believe anyone has heard from Iben Browning since… but it was a good thing, in reality, for companies and individuals all had to come up with

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U.S. Data Continues To Disappoint…

December 3, 2019

A Pfennig For Your Thoughts
December 3, 2019
* Currencies & metals rally on Monday* Waiting for a short squeeze in Gold?
Good Day… And a Tom Terrific Tuesday to you! Well, have you recovered from your Thanksgiving weekend, of… maybe travel, eating, celebrating, etc.? I had forgotten last night, that the Blues were playing the Blackhawks… But remembered just in time to turn the game on, only to see the first goal of the game… I can’t remember a Blues/ Blackhawks hockey game with very little rough stuff going on… Blues won 4-0… More decorating went on yesterday… The house is ready for Christmas! I love Christmas lights… Trees… ornaments, gifts under the tree… And I love the way the world seems to be under the trance of magic… At least for a few days that is… The Gin Blossoms greet me this

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Someone Is Betting On $4,000 Gold….

December 2, 2019

A Pfennig For Your Thoughts
December 2, 2019
* Currencies succumb to the dollar’s strength* We may, after all, find out who needs repo money….
Good Day… And a Marvelous Monday to you! And Welcome to December! I hope you all had a very Blessed Thanksgiving, with family, friends, whomever, and that you took the time to hug someone and tell them you love them and that you’re thankful they’re in your life… I got to hold my darling granddaughter, Evie, once again on Thursday… I sang to her, she was happy, and not fidgety for me… By the time everyone ate, there was very little but scraps and legs of the two turkeys we cooked, left… And Alex wasn’t even here! I guess next year, I’ll need to cook a third one on the Big Green Egg! My Mizzou Tigers won their last game of the year on Friday, beating

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No Need For A Safe Haven? That’s Hogwash!

November 26, 2019

A Pfennig For Your Thoughts
November 26, 2019
* Currencies go back to drifting on Monday… * You really need to read the FWIW article today!
Good Day… And a Tom Terrific Tuesday to you! Since this is the last Pfennig before the Thanksgiving holiday, I have a special treat for you… Well, the same treat as I have every year! And we’ll start the letter off with it to put everyone in a good mood! (I’m sure to change that later! HA!) Our Blues were on the ice last night, and my Missouri Tigers Basketball team was too… And both teams lost… UGH! I’ve really taken to listening to Pandora’s Smooth Jazz Christmas… Something different for yours truly! I started early this year listening to the season’s music. I really need to be pushed and prodded to get me in the spirit of the season this year, as

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What Lola Wants… Lola Gets, Right?

November 25, 2019

A Pfennig For Your Thoughts
November 25, 2019
* Currencies & metals get sold on Friday… * U.S. Data will be all jammed into Wednesday…
Good Day… And a Marvelous Monday to you! Talk about a shortened week! That’s this one folks! Today and tomorrow are the only days the Pfennig will be written this week, as Wednesday I head to the wound center early, and Thursday is, well, it’s Thanksgiving! What are you thankful for? I’m thankful for so many things, I can’t begin to write them all down! I’m most thankful for the love of God and his gracefulness in keeping me alive when I should have had my last rites given to me years ago… Not to turn this into a religious manifest, just wanted to get that out there! My darling granddaughter, Delaney Grace, was fabulous on Saturday night! Although she was

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How Much Debt Does The U.S. Really Have?

November 21, 2019

A Pfennig For Your Thoughts
November 21, 2019
* Currencies and metals continue to drift… * Fed’s FOMC Minutes show commitment to pausing rate hikes…
Good Day… And a Tub Thumpin’ Thursday to you! I do believe I’ll be doing some tub thumping this evening, as I heard from a little bird that several of my former desk mates are planning to make the trek to my favorite watering hole this afternoon… I’m as excited as a kid at Christmas this morning… Well, my visit yesterday to the oncologist was good… She loves me, I have to say… Which is great for one reason… When I complain that the chemo is making me too sick, she says, “Ok, back off of it until you feel better”… And that’s where I am now… I’ve had a horrendous week of stomach problems last week, and she was concerned with my weight loss… (no

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Trump Meets With Powell & Mnuchin…

November 19, 2019

A Pfennig For Your Thoughts
November 19, 2019
* Currencies hold Friday’s gains, and inch higher* Gold makes a come back on Monday!
Good day… And a Tom Terrific Tuesday to you! I wrote so much yesterday morning that I had to take a long nap to recover! HA! And now I don’t have a thing to talk about today! And if you believe that then I’ve got some land I’ll sell you, don’t worry about the reports of it being swamp land! The bad thing about what I have to say, is that it all makes me out to be gloom and doom… And if that’s what gets people to read what I write, and act accordingly, then so be it! The Charlie Daniels Band (CBD) greets me this morning with their song: Long Haired Country Boy… If you ever have a group of guys hanging around, play this song, and listen to them all sing along!

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U.S. Economic Data Continues To Show Rot On The Vine!

November 19, 2019

A Pfennig For Your Thoughts
November 18, 2019
* Currencies rally on Friday, and remain well bid… * Gold gets sold on Friday and in the early morning today…
Good day… And a Marvelous Monday to you! This will be a short week for yours truly, as it will get cut down to 3 days. I have my monthly oncologist visit bright and early on Wednesday. So this is your early alert of no Pfennig that day! Well, our Blues had their unbeaten streak stopped and now they’re on a losing streak… What in the world has happened to my beloved Missouri Tigers football team? They were 5-1 and number 23 in the country, and the wheels fell off. They are now 5-5 with two games left to at least make it a respectful season… UGH! A former colleague of mine, Dave Conway, is Florida grad, and he had bet me the last two

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If Negative Rates Were The End All, Then Why Isn’t Japan On Top Of The World?

November 14, 2019

A Pfennig For Your Thoughts
November 14, 2019
* Currencies slide further, Gold nets out a $7 gain* Eddie George talks Gold price manipulation… Seriously!
Good Day… And a Tub Thumpin’ Thursday to you! I’m still feeling the queasy stomach but I’m better… I’ve just been so darn cold… I put layers on, including a sweatshirt/ hoodie, throw a blanket over me while I watch TV, and my hands are still like ice, and I’ve got the chills all the time… If I don’t get out of this Cold area soon, I’m going to turn to a pop-cycle! Man, have I got a doozy of a piece of a quote on Gold manipulation from the Gov. of the Bank of England today… All the naysayers will be needed to find to get some salt on the crow they’re going to have eat! The Moody Blues greet me this morning with their song: The Voice…

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Dollar Bugs Pick Up Where They Left Off Last Week!

November 12, 2019

A Pfennig For Your Thoughts
November 12, 2019
* Currencies and metals see early morning selling… * A special Treat as Chuck has Grant Williams in the FWIW section!
Good Day… And a Tom Terrific Tuesday to you! Well, what do you know? The weathercast was correct yesterday, we did just get about 1 inch of snow! You would have thought we got 2 feet by the scores of closings on the TV… Wimps! Well, did you like my Veteran’s Day edition yesterday? It was strange writing on that day, but I guess I had better get used to it, now that I no longer work at a bank! I’ve had a stomach bug since Friday night. Now, this is the way to lose weight folks! Just don’t eat anything for 3 days, other than some saltines… And sleep is difficult to get these days, with all the stuff I’m throwing at my system each

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Gold, Currencies, Treasuries All Getting Sold!

November 11, 2019

A Pfennig For Your Thoughts
November 11, 2019
* Dollar bugs keep the pressure on the currencies* Chuck celebrates Veterans Day!
Good day… And a Marvelous Monday to you! A Veteran’s Day Monday to boot! The wound center doctor, last Friday, told me the wound was healing… I begged to differ with him and then he showed me the two pictures of the wound from 4 weeks ago to then… They also found an infection from the culture they took, and now I’m on an antibiotic to kill it… Fingers crossed! Well, our Blues sure are on a hot streak having won 7 games in a row! The just came home from a trip to the Canadian Northwest, and while suffering some major personnel losses, the wins kept piling up… OK, it’s Veteran’s Day, and when I was working in the bank, this was a holiday… So consider this a bonus

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The Fed Lost In A Lost World?

November 7, 2019

A Pfennig For Your Thoughts
November 7, 2019 Is
* Currencies lose more ground to the dollar on Wed.* Bank of England meets today, and the EC didn’t have nice things to say!
Good Day… And a Tub Thumpin’ Thursday to you! I got to say that the old saying of “the squeaky wheel gets the grease” came to fruition, as I reviewed the emails in the Pfennig Replies box yesterday… Several readers have sent forward their thoughts on my never healing leg wound, and I can’t wait for tomorrow when I see the wound center doctor again to express some of their thoughts to him… He’s going to wonder where I got all that information! The J. Geils Band greets me this morning with their song: Must Have Gotten Lost… Which is what I feel most mornings when I stare at the blank screen!
OK… Another day went by, and

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Christine Lagarde Said What? Are You Kidding Me?

November 6, 2019

A Pfennig For Your Thoughts
November 6, 2019
* Currencies have given back, all gained ground from Friday…* Gold & Silver both get taken down on Tuesday…
Good day… And a Wonderful Wednesday to you! After experiencing a cold front going through our region last week, and then warming up again, the cold front is coming back again tonight! UGH! I totally despise having to put on a winter coat, hat, scarf and gloves just to go outside! But this is one of the things my mom loved about St. Louis, we get to experience all 4 seasons… It’s just that spring and fall always seem to be short compared to winter and summer… Oh well, it is what it is… I had to cut the Uni-boot off yesterday, as the problems arose with it… My leg wound is NOT getting any better, and this is after 1 month of being seen by a

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U.S. Prints A Negative Factory Orders, And The Dollar Rallies?

November 5, 2019

A Pfennig For Your Thoughts
November 5, 2019
* Currencies couldn’t add to their Friday gains on Monday* Christine Lagarde steps into the bucket…
Good Day… And a Tom Terrific Tuesday to you! No baseball! What’s baseball rat like me to do? Well, I continued reading the two books I’m into right now, and I watched a little TV, but there wasn’t much on… The raw, steel gray, barren days of November have started… My longtime friend, and former colleague, Ty Keough, stopped by to see me last Friday… It was great to catch up with him, who’s now retired like me! Ty mentioned the sunny day on the 1st of November, and I said, “that won’t last!” And it didn’t! The late, great, (greatest guitar player in my mind) Alvin Lee greets me this morning with a live version of his song: Goin’ Home… When I played

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Why Did the BLS Add So Many Jobs?

November 4, 2019

A Pfennig For Your Thoughts
November 4, 2019
* Currencies react favorably to the suspect Jobs report* Gold trades in the same clothes Thursday & Friday…
Good day… And a Marvelous Monday to you! And Welcome to November… Brovember, for some… A couple of years ago, I was in S. Florida for the first 3 weeks of November, and decided to go along with the growing of a mustache during November… But after two weeks, it was coming in so white, that I said to heck with this! I shouldn’t have been surprised, as each week when I buzz the remaining hair I do have, I’ve noticed that once it was all dark hair, then mixed, and now all gray… UGH! Oh, well, if I had the patience I would shave my head, but I barely can get through the 5 minutes of buzzing before being bored! I guess I could find a barbershop

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Fed Cuts Rates, But Indicates It Will Now Pause…

October 31, 2019

A Pfennig For Your Thoughts
Rocktober 31, 2019
* Currencies & metals both rally on the rate cut news!* Chinese PMI’s sink further into contraction territory…
Good Day… And a Tub Thumpin’ Thursday to you! And Boo! It’s Halloween! I remember quite a few years ago now, when I was in New Orleans for a Conference, and was having dinner at the Commander’s Palace with Frank Trotter, and David Galland, when we decided that we should join the partiers on Bourbon Street. The problem was the partiers would all have on costumes, and we had none… So, undaunted, we proceeded to walk down Bourbon Street with all the other crazily costumed partiers! Oh, what a night! So, I hope your little Trick-r-Treaters are ready to go tonight. Here it’s going to be cold, so we won’t actually get to see most of the

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It’s A FOMC Day!

October 30, 2019

A Pfennig For Your Thoughts
Rocktober 30, 2019
* Currencies trade steady Eddie on Tuesday… * Gold & Silver keep their back and forth pattern in place
Good Day… And a Wonderful Wednesday to you! I went through a battery of tests yesterday, and still have one more next week before I know the real story with the blood flow to my lower extremities. Yesterday was all good news though, and the doctor said that we’re going in a new direction with the treatment of my leg wound… The bad news is that I had planned to go a mini-vacation starting the 9th, just like last year to get away from November, here, but…. I may not be able to go, now. I guess I’ll find out for sure next week… They’re going to have to hogtie me to my house to get me to stay here this winter, I can assure you that! I’ve gotta go

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U.S. Economic Data Continues To Print Weak!

October 28, 2019

A Pfennig For Your Thoughts
Rocktober 28, 2019
* Currencies and metals rally on Thursday… * But fail to add to gains on Friday!
Good day… And a Marvelous Monday to you! A weekend that went so fast, that I kept thinking yesterday was Monday already! Friday I started a fire in our outdoor fire pit, and stayed out by it until my cooler went dry. We had company, and some ventured outside for a moment or two, only to retreat back inside where the talk was fast and loud, and the food warm. Saturday, I attended a fund raiser, for a watering hole acquaintance, who recently suffered his second stroke… And then Sunday I spent most of the day in a haze… My new thyroid medicine doesn’t seem to want to be calm in my stomach… I begin my next round of daily chemo this morning, so mixing the two, ought to

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