Monday , September 23 2019
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Articles by Daily Pfennig

Fed Cuts Rates… But What’s Next?

3 days ago

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 game instructed me to do! Not that I had anything to do with the Cardinals win in the day game yesterday! What a great day I had and all my buds that attended the game with me… We got to see a real pitcher’s duel, with Wainwright, VS Scherzer… You’ve got to love the little guys… The guys that everyone says are too small to play pro ball, no matter what sport. And then go out and prove everyone wrong! The Cardinals have two of those type players… Keep going boys!, keep going! Def Leopard greets me this morning with

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It’s A FOMC Day! Again!

5 days ago

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 that their lack of hitting causes losses! UGH!, But another day off the calendar, and my beloved Cardinals still hold a 2 game lead on both the Cubs and Brewers… The Cardinals, and their inability to hit the ball, will face St. Louis native, Max Scherzer in the day game today, of which I’m going to be in attendance, sweating pounds off me, because it’s been hotter than hades here the past week! But that’s OK with me, I’ll be at a day game, and longtime readers know I love day games! The Stone Temple Pilots greet me this

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Are We Revisiting 1973?

6 days ago

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 the same… They don’t hit very much! 12 games to go in the regulars season… And The Cards have only a 2 game lead on the Cubs… with 7 of our last 12 games VS the Cubs, it’ll be a showdown at OK Corral! I promise that today’s letter won’t be as long as yesterday’s, as I had woken up around 4 am, took my chemo, as usual, and instead of going back to sleep for a couple of hours, found I couldn’t sleep, so I went downstairs to write… And write I did, my poor fat fingers were plum tired! HA! Golden Earring greets me this morning

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September 16, 2019 Count Draghila Strikes!

7 days ago

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 into a dud… UGH! But the weather here was absolutely fantabulous, with plenty of warm sunshine to go around to everyone! My Missouri Tigers won their 2nd of 3 games so far this year on Saturday, with a win over an early season cupcake… The BIG News from this weekend, is the report from Saudi Arabia that drones attacked their pipeline and knocked out a huge chunk of the Saudi’s Oil supply… So, more on that, and other things as we start the week today with the Allman Brothers greeting me with their song: Ramblin’ Man… This

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Chuck Reads Draghi’s Mind!

11 days ago

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 hope you help pick up the slack. In fact, I feel like death warmed over this morning, and I can’t believe I got up to write! I should just “mail it in” and live for another day… But I won’t, that’s not who I am… I’ve never given up in a fight in my life… And the Good Lord knows I’ve had my share of not only fisticuffs, and health fights to last 10 people’s lifetimes! Maybe I’m down and out in Beverly Hills today because my beloved Cardinals lost again in Colorado last night! UGH! Go ahead and give the Cy Young (best pitcher) to the

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Euro Traders Seem To Be Frontrunning The ECB…

12 days ago

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 still can’t believe we as a nation were attacked like that… Not a good night for my Beloved Cardinals, who proved once again that they have problems hitting the ball when a runner is on third, and less than two outs… Got to get back on the rally tracks boys! Alex has completed 2 of his clinicals and has two left next spring, in the meantime, he’s back at home, going to class again. He’s on the docket to graduate with his doctorate in Physical Therapy, next May… It’s seems like an eternity to him, but I keep telling him that May

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

13 days ago

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 longer about watching an NFL football game… So, I turned the volume on whatever was on down low, and began to read… I really shouldn’t do that, because what it does is it gets me all riled up and yelling at the wall, and then I try to go to sleep… Doesn’t work! But anyway… It just keeps getting more difficult every day, to wake up… I have no idea what’s going on, I have always been a morning person, able to get up whenever, and be ready to take on the world… But not any longer… Is it age? Or years of accumulation of Chemo? Or

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Russian Economy Continues To Grow, 5 Years After Sanctions

14 days ago

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 their lead with the Cubs all weekend long, thanks the the Brewers who beat the Cubs while the Cards won their games… I sure hope we can hang onto that 4.5 game lead with 19 games remaining… Another beautifully pitched game by Cardinals pitcher Jack Flaherty, and then it was onto to other things on my Sunday… I’m all alone again, for 4 more days… We had beautiful weather on Saturday, and my beloved Missouri Tigers won their home opener, at which Alex, Andrew and Grace were in attendance… Jimmy Buffett greets

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Here Goes Silver!

19 days ago

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 pitch… It’s about the 3rd time in the past month that he’s come close to a no-hitter! He’ll get one yet… he’s only 22 years old! Cardinals win, but so do the Cubs, so our lead on the 2nd place Cubs remains at 3 games, with one less game on the schedule… Can’t everyone just get along with each other these days? Another shooting here in St. Louis… I have a novel idea… Stop reporting them in the paper, TV, radio, internet, and let’s see if that slows the shooters down… I’m just thinking out loud here… Shooting

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The Trade War Goes Into A Higher Gear!

20 days ago

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 home town… The rain stayed away for the BBQ on Saturday, after coming down in buckets on Friday night, and then Sunday and Monday were just absolutely beautiful… I know that’s not fair, to the folks in the SouthEast, getting hammered by wind and rain from the hurricane Dorian. But, as Annie sang… The sun will come out tomorrow… So, hang in there, be careful, and don’t take any chances with mother nature! We ended the week yesterday with our neighbors, Paul and Lenore, sitting out back watching the Cardinals win again, and then had a

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A Tale of Taels

24 days ago

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 treat for you today…
A very long time ago, my longtime good friend, and former boss, Frank Trotter, introduced me to one of his colleagues. His name…. Michael Checkan. Michael and I struck up a conversation, and he told me of sitting in audience in San Diego, and listening to me speak about currencies and metals, and was quite impressed, and wanted to meet me… I can’t tell you how embarrassed I was, but happy that I had done well… Through the years, we’ve stayed in touch, Michael is a cancer survivor too… So, we have a bond… When I was speaking

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Did Mnuchin Just Give No Intervention A Vote Of Confidence?

25 days ago

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, didn’t turn out to be so short”… And we all had a laugh, because they know as you probably do too dear reader, that once I get going… The fat fingers start flying over this keyboard, and the next thing you know… It’s long, once again! But not today… I really truly am going to make this short-n-sweet, because… Well, there’s just not that much new to talk about… It’s all a lather, rinse, repeat, of the yesterday and so on… With last Friday being the only blip in the daily goings on in the currencies, and order was restored on

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U.K. PM Johnson To Suspend Parliament…

26 days ago

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 spend much of the day outside… I’ve told you before that sometimes I get whacked out, and all I want to do is sleep all day… Well, I didn’t sleep ALL day, just a good piece of it! I would be fired in a minute the first time I fell asleep at a job! So, I guess it’s a good thing I was shown the door a few years ago! Pink Floyd greets me this morning with my fave Pink Floyd song: Comfortably Numb…. Remember when I used to say that the U.S. had become comfortably numb with debt accumulation? I gave up on that, because it just keeps getting

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

27 days ago

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 like a Tropical Storm yesterday on my way to the doc’s office. I know what I’m talking about because about 8 years ago, I did just that in Florida on my way to the Ft. Lauderdale Airport… Cars were pulled off on the side of the highway, and I’ve got to say, at least the water didn’t build up on the highway like it did on the streets yesterday… And, by the time I got to the doc’s office, it had stopped raining, and by the time I came back out, the sun was shining! Crazy weather! I hope none of that’s in store for this

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Trade War Begins To Get Real Ugly…

28 days ago

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 them to have to wait… So, this will be quick and dirty, just some of my thoughts this weekend…. A pretty darn fantabulous weekend, weather-wise, and baseball wise here in the Midwest, even if we did get some rain yesterday… Where did the historical heat from the dog days of August go? It sure wasn’t around this past weekend, or from the forecasts for the week, not this week either! Something strange is going on here… But not as strange as what went on in Jackson Hole, Wy. This past weekend… I have a quick question… Would you like to

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Fed’s Meeting Minutes Disappoint The Rate Cut Campers!

August 22, 2019

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 them said, “Wainwright is due for a game that looks like he’s throwing underhanded to hitters”, and I replied, “oh, no, not at home, he’s usually at the top of his game before the home crowd”… And then the Brewers went out and scored 4 on him in the first inning… OUCH! That’s going to hurt! But as my mom used to tell me, it’s only a game, Chuck and someone has to lose… And so it was for my beloved Cardinals last night! Yes, greets me this morning with their song: Owner Of A Broken Heart… Yes, was one of my favorite groups back

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The Fed’s Jackson Hole Boondoggle Takes Center Stage!

August 21, 2019

A Pfennig For Your Thoughts
August 21, 2019
* Currencies are held in check by the dollar bugs once again! * Will we finally see a markets manipulator go to jail?
Good Day… And a Wonderful Wednesday to you! What’s gotten into my beloved Cardinals? They’re playing like a real baseball team! Errors are down, base running snafus have gone away, the pitching is good, and the hitting is nascent… (I’ve said all along that this team can’t hit consistently) And they’re winning the close games… What’s going on here? HA! I got a late start today, so this is later than usual… Hey! I’m retired! The Pousette-Dart Band greets me this morning with their song: Amnesia… I hope that it’s only amnesia, believe me I’m sick but not insane!
Well, Tuesday was much like Monday, which was much like Friday, and so

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President Trump Says It’s The Fed’s Fault!

August 20, 2019

A Pfennig For Your Thoughts
August 20, 2019
* Gold get whacked yesterday, but rebounds this morning…* Eric Rosengren was the lone dissenter at the rate cut vote….
Good Day…. And a Tom Terrific Tuesday to you… Well, Beelzebub is still wanting his weather back! It was downright hot yesterday, but it is August… Shoot Rudy, I remember as a kid, before we had air conditioning, it was over 100 for a week straight… And where were we as kids? Outside, playing, and probably drinking lots of water from the spigot on the side of the house! We didn’t need bottled water! We didn’t need air conditioning (although when we finally got one room cooled off with A/C it was nice to sleep in), we just needed each other to make it game! Bob Seeger greets me this morning with his song: Turn The Page… It’s about

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Gold Gets Whacked, So What Are You Waiting For?

August 19, 2019

A Pfennig For Your Thoughts
August 19, 2019
* The Fed’s Jackson Hole Boondoggle is next week…* U.S. Retail Sales are strong, and that has the dollar bugs dancing!
Good Day… And a Marvelous Monday to you! Brother! I guess I need to go back to school to learn how to read a calendar, eh? Last Thursday, I erroneously said, that next week (this week now) would lead us to the Labor Day weekend.. Nothing like skipping a week, eh, Chuck? What a dolt I am at times, eh? My wife hosted a baby sprinkle here on Saturday, for Rachel… That meant I had to get out of the house! So, I went with son Andrew (Rachel is his wife) to my favorite watering hole for lunch! Good stuff! Cardinals come home from a road trip in first place… Does anybody want to win the Central Division this year? Johnny Nash greets me

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A Perfect Storm for Gold

August 16, 2019

As of the close business on August 14, 2019 your editor’s monthly average gold price chart (based on the London PM Fix) displayed an average price so far this month of $1,479.78. Clearly, we are in a profound new bull market for gold as evidenced by the last three months pulling up the longer-term averages. The 20-month average is $1,298.05 and the 40-month average is $1,281.15.
There is no doubt in my mind but that the global dollar-based monetary system is sick and very possibly in its waning days. That’s because the fiat monetary system has been destroying capital by disallowing price discovery of capital by manipulating interest rates way below equilibrium. The situation is serious enough to cause Michael Oliver to put out the following missive to his paid subscribers on August 13:

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It’s Data Day In The U.S. Today…

August 14, 2019

A Pfennig For Your Thoughts
August 14, 2019
* Da Boyz Are Back In Town, per Ed Steer * The Strong dollar trend remains in place, but for how much longer?
Good day… And a Wonderful Wednesday to you. I’m falling apart… I’ll just leave it at that, for you don’t want to hear about my latest malady… My beloved Cardinals are like the bully that beats up on the weaklings, but as my dad used to tell me, “There will always be someone bigger and stronger”, and whenever the Cardinals play a team “bigger and stronger”, they get their hats handed to them… While that kind of play might get you into the playoffs, the problem then becomes how do you beat the “bigger and stronger” teams? Procol Harum greets me this morning with their rock classic song: A Whiter Shade of Pale…
Longtime friend., Ed Steer,

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Italy Shows Up On The ECB’s Doorstep With A Bag Of Problems

August 13, 2019

A Pfennig For Your Thoughts
August 13, 2019
* Gold rebounds, stocks get whacked, and currencies are dull * Chuck gives us his thoughts on the Trade War…
Good Day… And a Tom Terrific Tuesday to you! Geez I had a tough day yesterday… Every now and then the chemo I take gets to me and whacks me out for the day, and yesterday was one of those days… I never know when this will occur, and sometimes think that the chemo had more potency that day, but then it’s all in pills and those are regulated, right? This is why I wouldn’t be able to hold a job any longer, as I couldn’t be depended on to show up when the chemo whacks me out… I did that (worked while feeling bad) for 9 years, and I doubt that anyone ever really knew when I was having a bad day. But I’m just too worn out now to do that ever

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Gold Rebounds After Some Profit Taking!

August 12, 2019

A Pfennig For Your Thoughts
August 12, 2019
* The dollar remains in control, and It just doesn’t seem right! * The U.S. Data Cupboard is chock-full-o-data this week!
Good Day… And a Marvelous Monday to you! What a good weekend for me, weather-wise, and so on… The Cardinals found some home cooking to their liking at the hands of the Pirates, we celebrated Delaney Grace’s 12-th birthday, and I tried a new, to me, BBQ restaurant last night that was pretty good… (I judge all BBQ Against my own, which I’ve been told is pretty darn good!) And that brings me to the time of year, when we attempt to get friends and family together for one last Shin-dig for the Summer, with the Annual Butler Labor Day BBQ & Pool Party… The Evites were sent out, and we’ve already had some “yeses” … Crowded House

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He’s Baaaccckkk Again!

August 8, 2019

A Pfennig For Your Thoughts
August 8, 2019
* Gold soars, while currencies fade…* What a hissy fit by the stock jockeys last week!
Good Day… And a Tub Thumpin’ Thursday to you! Well… I’m back… a couple days later than originally thought, but here nonetheless! What a couple of weeks it has been for Gold! WOW! The currencies didn’t rally while I was gone, but Gold and Silver sure did! It does feel a bit weird writing this morning, as I’m out of practice. My summer vacation was grand, a great time spent with son Andrew, his wife Rachel and my grandson Braden… the newest guest to our family time is Evelyn, who is still waiting to be born (Rocktober), but she was there, I could feel it! Braden loves the beach, or should I say the ocean, and would spend every minute of every day, in it if he

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Gold Continues To Ride The Roller Coaster!

July 23, 2019

A Pfennig For Your Thoughts
July 22, 2019
* Currencies have been flat as a pancake this last week! * The Fed meets this week… are you ready?
Good Day… And a Marvelous Monday to you… Well, like all good plans of mice and men, my plan for a two-day simple procedure in the hospital turned into 4 days, with docs and nurses expressing concern for my cellulitis wound on my leg… Oh, and the simple procedure I went in for, it worked quite well, according to the docs… A wound specialist took a look at my leg, and had a cow! But we’ve got a program for healing it now, and hopefully her plan works, because the other plan wasn’t working! I came home Saturday afternoon, sick to my stomach from all the medicine they had given me, and then found I couldn’t hold anything down until Sunday evening… So…

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Gold and US Stock Election and Decade Cycles

July 19, 2019

Recently I have been trying to show all the different angles to look at and analyze the US stock market and the precious metals sector. At the end of this report, I will share with you several other crucial angles and charts you must see for our self.  There are several very intriguing things unfolding right now which are interconnected in ways you may not have known.
Gold Years and Seasonality
Let’s start off with the price of gold and what it typically does each month during the presidential election year, which is this year 2019. The graph below shows the average price movement during the elections since 1971 and I think the chart speaks for its self.
What I get from this, is that investors become uncertain with the future and accumulate gold. This years election I feel is much like a

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Surprise, Surprise, Surprise!

July 16, 2019

A Pfennig For Your Thoughts
July 16, 2019
* Eurozone Trade Surplus widens… Uh-Oh! * Chuck Thinks this summer reminds him of 2007…
Good Day… And a Tom Terrific Tuesday to you! I know that I said that I would be out today, but I got the word yesterday, that I needed show up until after noon… So… here I am… But when I looked at the currencies this morning, I saw little to no movement in them once again, and Gold saw little movement either, so now I’m wondering, why I decided to write today anyway! HA! There’s always something in the markets that we can choose to talk about… I was telling my wife yesterday that the 5th Trucking Company in the U.S. had folded, this year… And then I said, I guess we wouldn’t be able to confirm that given all the semi trucks we saw on the highway this weekend!

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Look Who’s Pounding The Drum For A Weaker Dollar!

July 15, 2019

A Pfennig For Your Thoughts
July 15, 2019
* Gold goes on a roller coaster ride… * Chinese data is pretty fair, no armageddon there yet…
Good day… And a Marvelous Monday to you! Doesn’t it seem as though we just started July, and we’re already half way through it? The Rolling Stones sang oh, so many years ago… Time waits for no one and it won’t wait for me! All this means is that we’re getting closer by the minute to my annual summer vacation… I had a wonderful weekend fishing and visiting our good friends, Duane and Toni. Alex won the prize for the biggest fish caught, I won the prize for the first fish caught… The prize being that we could brag about it! The fishing was tough though, and so we just put back in the lake any fish we caught, for we wouldn’t have had enough to feed us! I was

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FOMC Minutes Show Members Interested In A “Deeper Cut”

July 11, 2019

A Pfennig For Your Thoughts
July 11, 2019
* Gold soars on the Powell comments that a rate cut is coming… * Currencies get on the rally tracks too, as the dollar gets sold…
Good Day…. And a Tub Thumpin’ Thursday to you! I’m going to try to do some Tub Thumpin’ this weekend ahead of my hospital visit next week… It’s also 7-11 day! We have to observe this day by getting a Big Gulp! HA!This waiting for the Pfennig Replies box to be back in the saddle is getting very old and causing me to have a rash! I’m very sorry about this, but things happen, and then well, you start over, which is what I told them to do if they can’t fix it! UGH! No baseball last night had me watching some re-runs of The Big Bank Theory, which happened to be my favorite show on TV, for many years, but now they’ve ended

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Upon Further Review… Jerome Powell Speaks Today!

July 10, 2019

A Pfennig For Your Thoughts
July 10, 2019
* Currency Traders are waiting for Powell’s speech today * Chuck throws out a number for Gold, should things change…
Good Day… And a Wonderful Wednesday to you! OK, OK, so I was wrong about the day Powell was supposed to speak! It wasn’t yesterday, it’s today! That’s what I get for glancing at the economic data calendar and not focusing on it! Well, did you enjoy the All-Star Game last night? I went to bed long before it was even getting close to being over! When I was young, the National League won every year, and now it seems the American League wins just about every year… Another reason we all wish we were young again! HA! (I know we’re all not National League fans!) Summer is here! Finally! It took long enough, eh? OK… public service

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