Monday , November 18 2019
Home / Daily Pfennig

Daily Pfennig



Articles by Daily Pfennig

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

3 days ago

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…

Read More »

Dollar Bugs Pick Up Where They Left Off Last Week!

5 days ago

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

Read More »

Gold, Currencies, Treasuries All Getting Sold!

6 days ago

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

Read More »

The Fed Lost In A Lost World?

10 days ago

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

Read More »

Christine Lagarde Said What? Are You Kidding Me?

11 days ago

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

Read More »

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

12 days ago

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

Read More »

Why Did the BLS Add So Many Jobs?

13 days ago

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

Read More »

Fed Cuts Rates, But Indicates It Will Now Pause…

17 days ago

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

Read More »

It’s A FOMC Day!

18 days ago

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

Read More »

U.S. Economic Data Continues To Print Weak!

20 days ago

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

Read More »

Fed Increases Their Injections Into The Repo Market…

24 days ago

A Pfennig For Your Thoughts
Rocktober 24, 2019
* Currencies and metals drift again on Wednesday…* German employment drops!
Good Day… and a Tub Thumpin’ Thursday to you! Well, I was off on my thought yesterday that the Blues would play again on Wednesday night… They play tonight! But good friend, Mike K., saw that mistake I made and decided to drive to my house and drop off a Blues Calendar! Thanks Mike! Hopefully I won’t make that mistake again! I found out yesterday, that the chemo I take has made my Thyroid go haywire, so, now to add to the rest of the medicines that take up all of my sink space, I’ll be taking a thyroid med. UGH! Oh, well, it’s just another pill… But in researching this problem I found something I can blame my 1. Weight gain these past two years, 2. Hair loss, 3. Dry

Read More »

U.K. Parliament Says “NO” On BREXIT Deal…

25 days ago

A Pfennig For Your Thoughts
Rocktober 23, 2019
* Currencies give back more of their Friday gains… * Fed interjects nearly $100 Billion… this is getting crazy!
Good Day… And a Wonderful Wednesday to you! The World Series began last night, and the Nationals did something that few teams have been able to do… they hit Astros pitcher, Garret Cole…. I’ve always been a “National League Guy”, but I did pick the Astros to win it all… I just thought they would be playing the Dodgers… UGH! I received a few emails and notes from readers and friends, saying they were glad that my granddaughter, Evie, was OK… Thank you… One of my all-time fave bands greeted me with back-to-back, belly-to-belly songs this morning… When I turned it on Marshall Tucker Band was playing 24 Hours, and that was followed up

Read More »

JPMorgan Says Illiquidity Is Going To Get Worse!

26 days ago

A Pfennig For Your Thoughts
Rocktober 22, 2019
* Currencies can’t hold or add to their Friday gains… * The growth of Treasury Issuance is to blame…
Good Day… And a Tom Terrific Tuesday to you! Well, little Evie, my darling granddaughter came home on Sunday, and made a trip to the doc on Monday, and she’s fine! Newborn babies are so fragile, on the outside and the inside… And she reminded me of that! I’m going to go bananas over the Fed again today, and the government for not implementing spending cuts, so buckle up… I’m just saying…. The late great, Leon Russell greets me this morning with his song: Delta Lady…
Where do I start? Where do I start? OK, maybe I’ll start with the same old song and dance about how deficits do matter, and that the explosion of debt this past decade, has really

Read More »

Negative Data Prints Sends The Dollar To The Woodshed…

27 days ago

A Pfennig For Your Thoughts
Rocktober 21, 2019
* No ironed out BREXIT Deal yet, but sterling keeps rallying!* Have traders decided to sell dollars outright?
Good Day… And a Marvelous Monday to you! Oh, woe is me… What a horrible weekend, sports wise, for me this past weekend… Both my Missouri Tigers and St. Louis Blues lost on Saturday… And both losses were very ugly… I had quite a few texts and emails from people wanting to know what happened to MIZZOU… I came up with this: There are coaches who have mastered the art of keeping 18-20 year olds playing at a high level… Barry Odom isn’t one of those… at least not yet… When a team comes out uninspired, that’s the coaches fault… I’ll say no more… We had a very scary incident on Thursday night… My granddaughter, Evie, (1 week old) had to be

Read More »

Is the Fed Lying to us, or… Just being Disingenuous?

October 17, 2019

A Pfennig For Your Thoughts
Rocktober 16, 2019
* Dollar gets sold, currencies rally… * There’s a BREXIT deal on the table!
Good Day… And a Tub Thumpin’ Thursday to you! Congratulations to the Washington Nationals, who will play in their very first World Series… They swept my Cardinals on Tuesday night, and ran them out of the stadium… It was a pretty good year for my beloved Cardinals, but in the end, they showed what I had said all along in the season… They just couldn’t hit, as a team… The thing that drove me crazy though was all the errors… This WAS the best fielding team in the NL this past year, until they got to the playoffs… Errors equal bad baseball… And that’s that for this year! Our Blues have a good start to the year going so far, but it’s a very long season for them, no reason

Read More »

China Says, “Not So Fast Tim!” to the Tentative Agreement!

October 15, 2019

A Pfennig For Your Thoughts
Rocktober 15, 2019
* All the euphoria on Friday, turns to gloom on Monday! * If it quacks like QE, walks like QE, and talks like QE, well….
Good Day… And a Tom Terrific Tuesday to you! Another beautiful fall day here yesterday… I’ve always contended that autumn was the best weather we experience here in the Midwest…. And this year is not proving me incorrect, now is it? Had lunch yesterday with a dear friend, and one I haven’t seen in a very long time… Thanks to Ann for picking up lunch, and bringing me up to date with everything in her life, including all about her new beau! We had a reversal for the stock jockeys yesterday, China said, “not so fast there!”, and much more in store for us to discuss today… The Pretenders greet me this morning with their song:

Read More »

A Trade War “Tentative Agreement”!

October 14, 2019

A Pfennig For Your Thoughts
Rocktober 14, 2019
* Currencies fight back to gain VS the dollar… * Gold takes a spin on Mr. Toad’s Wild Ride…
Good day… And a Marvelous Monday to you! Today is a holiday for a lot of the U.S. as we celebrate Columbus’s discovery of the West Indies… (SIC) So, this will be shorter than usual, since normally, I would be off work today! What an absolutely, fantabulous, weekend, weather wise here where I live! The sky was cloudless, blue umbrella skies, the sun was full on, but just warm with a bit of a chill in the air.. Great bonfire weather… My beloved Cardinals on the other hand are in a deep dark hole, that their inability to hit, has put them in, as they travel to Washington D.C. for three (if needed) games… They are down 0-2, in games and it’s a best of 7

Read More »

Markets Are Learning That Deficits Do Matter!

October 9, 2019

A Pfennig For Your Thoughts
Rocktober 9, 2019
* Currencies remain in tight ranges once again… * More talk about Repos and interest rates…
Good Day… And a Wonderful Wednesday to you… Well, they finally got around to shipping me my new meds for treating my leg wound yesterday… I had lost patience waiting, and called to check on it, and 10 minutes later it showed up at the door… If I had just had a bit more patience, eh? Well, later this afternoon, into the evening, my beloved Cardinals will play Game 5… The winner of the game moves onto the National League Championship Series (NLCS), which will be a best of 7 games series… Good luck Redbirds! I don’t know what I’ll do before game time of 4 pm CT… I’ll try to take a nap, but… I’ll have that game on mind, so I doubt I’ll be able to sleep! The

Read More »

Hello, Angela? This Is Boris… We Have No Deal!

October 8, 2019

A Pfennig For Your Thoughts
Rocktober 8, 2019
* Currencies trade in tight ranges on Monday… * Fed keeps pumping Billions into the repo market…
Good Day… And a Tom Terrific Tuesday to one and all! I’m a little giddy today, because my beloved Cardinals came back late, tied the game and then won it in the 10th, with a walk-off sac. Fly from their longest tenured player, Yadier Molina…. Who had tied the game in his previous at bat! It was a thrilling game back and forth, and I was able to watch it outside on an absolutely beautiful fall afternoon in St. Louis… A very high sky that was painted blue, with not a cloud in sight! And I got to share my outside viewing area with 3 good friends, and youngest son Alex… A great day indeed! Steely Dan greets me this morning with their song: My Old

Read More »

U.S. Jobs Jamboree Disappoints, But The Markets Don’t Care!

October 7, 2019

A Pfennig For Your Thoughts
Rocktober 7, 2019
* Currencies try to rally but it gets stalled out!* Chuck takes issue with elected officials, so what else is new?
Good Day… And a Marvelous Monday to you! A good weekend for yours truly, event wise, unfortunately though, not so good for my beloved Cardinals, who are down to the cheese that binds this afternoon in their playoff series. If they lose, it was good morning, good afternoon, and good night. If they somehow figure out how to hit the ball, and win, then they’ll play a winner take the series 5th game on Wednesday… My Missouri Tigers won, but their quarterback took a very cheap hit and had to leave the game… I sure hope he’s going to be OK… But that player that committed that cheap hit should have been ejected from the game and the

Read More »

Markets Get A Glimpse Of The Recession Train!

October 2, 2019

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 the wild card game… And they would be out a lot of money this morning, as the Brewers won the game, and head to Los Angeles to play the powerful Dodgers… I half watched the game and half read throughout the night… This will be short-n-sweet this morning due to me having an appt. early today. No biggie… Just a lot of sitting around waiting! One of my all-time fave songs from one of my all-time fave groups greets me this morning, as Chicago sings their song: Hard Habit To Break…
Well… the dollar bugs finally backed off

Read More »

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

October 1, 2019

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 research stuff, I’m currently in the middle of the last of the existing Jack Reacher books, (I’ve preordered the new one out for delivery, later this month) and it had my attention for most of the night. I even skipped dinner, because I was captivated… Well, my choice for Cy Young winner in the NL this year is Jack Flaherty, of the Cardinals, and yesterday he was named pitcher of the month of Sept. You may recall that he was also named pitcher of the month in August! And .091 ERA since the All-Star break,

Read More »

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

September 30, 2019

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 NL this year…. My beloved St. Louis Cardinals… They may not make it very much further, although I think they will, but they’ll be forever loved for winning the division on the last day of the season, in style, with a 9-0 win… I sat outside to watch the game on TV, with my neighbor Paul, who was very interested in what was going on… He’s a tennis buff, but still follows the game of baseball, when he’s with me! I smoked some, hand made rub, rubbed Pork Tenderloins yesterday, that I have to say were the absolute best

Read More »

The Dollar Bugs Return In The Overnight Markets!

September 25, 2019

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 days like that, but when the body needs to sleep. You have to let it sleep! I have no answer as to why, suddenly, I’m having trouble dealing with my chemo… But, it’ll have to change soon, or else, it’ll become another search for a new chemo… I had a reader send me a note the other day, and say, that he was unaware that I had cancer… I put that down to being a new reader, and I thank him for his concern… But I’ve been dealing with my Stage 4 metastatic cancer for over 12 years now… I’m proud of myself for

Read More »

Fed Cuts Rates… But What’s Next?

September 20, 2019

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

Read More »

It’s A FOMC Day! Again!

September 18, 2019

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

Read More »

Are We Revisiting 1973?

September 17, 2019

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

Read More »

September 16, 2019 Count Draghila Strikes!

September 16, 2019

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

Read More »

Chuck Reads Draghi’s Mind!

September 12, 2019

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

Read More »

Euro Traders Seem To Be Frontrunning The ECB…

September 11, 2019

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

Read More »