Tuesday , June 22 2021
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The Fed Throws A Cat Among The Pigeons!

5 days ago

A Pfennig For Your Thoughts

June 17, 2021

* Currencies & metals get sold down the river on Wednesday
* Fed admits that prices are rising faster than they forecast! 

Good day… And a Tub Thumpin’ Thursday to you! The letter is going out late today, no biggie, just another day when I didn’t want to answer the bell… Boy did the Fed throw a spanner into the works yesterday! Or, as I used to say… the Fed threw a cat among the pigeons….. I’m glad I was at the ballgame and wasn’t following their statement. Speaking of the ballgame, what an absolute beautiful day it was, and we saw an excellent pitched game by both teams, and to top it off the Cardinals won 1-0 with a walk off win in the bottom of the 9th, to send the crowd home happy… Chicago greets me this morning with their song: Free…

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It’s A FOMC Day!

6 days ago

A Pfennig For Your Thoughts
June 16, 2021
* Currencies gain tiny amounts on Tuesday… * It’s Groundhog Day again for Gold & Silver… 
Good day… And a Wonderful Wednesday… First of all I want to thank all of you who sent along messages to me yesterday regarding me not answering the bell… I do need to make one thing clear… I’ll be on chemo for the rest of my life… I have a kind of cancer that will just pop up anywhere, witness the eye cancer years ago… So, there will be no “end of treatments” for me, until they drop me down 6 feet… Or cremate me, whatever Kathy chooses to do… Not that I’m expecting that to happen any time in the near future, so I’ll keep truckin’, and have to call in sick once in a while… Fun stuff to start the day with, eh? That’s my life… Ok… well, we’ve passed the ½-way

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Inflation Is At A 13-Year High…

7 days ago

A Pfennig For Your Thoughts

June 15, 2021

* The powers that be have said the dollar rules… 
* Gold & Silver can’t find a bid… 

Good Day… And a Tom Terrific Tuesday to you! Well, I told you last week that there would be no Pfennig yesterday, as I had a dr. appt. scheduled. I realized over the weekend that I did not have an appt. That I had read my calendar wrong. What a dolt, right? But so I planned on surprising you with a Monday Pfennig… But it was one of those days… When the chemo catches up with me, and causes me to want to sleep all day… I finally woke up around noon… And the rest of the day, I kept thinking, I sure could use a nap! So, I guess I have to put that down as a day I couldn’t answer the bell… If you’ve never been on a chemo treatment plan, and you should thank God for

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What Lies Will CPI Hold Today?

12 days ago

A Pfennig For Your Thoughts
June 10, 2021
* Currencies & metals lose ground on Wednesday* Bill Bonner & Mohammed El-Erian join us for a discussion of inflation! 
Good Day… And a Tub Thumpin’ Thursday to one and all! Well, after a week of frustrating losses for my beloved Cardinals they finally won a game last night to stop their losing streak at 6… Now they head to a weekend series with the Cubs… who are red hot! OK… Well, today is the birthday of my good friend Mike Kettler, who happens to be on a wine tour for his birthday… Happy Birthday Mike! Mike turns 60 today… A youngster, right? HA! I sat outside watching the game last night with neighbor Paul.. So at least I had some company. Usually, I sit out there alone during the week. I go to get my new shell for my eye made today… It’s

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As Dollar Weakens, You’re Buying Power does too!

19 days ago

A Pfennig For Your Thoughts
June 3, 2021
* Currencies & metals rally on Wednesday… * But give back those gains in the overnight markets last night… 
Good Day… And a Tub Thumpin’ Thursday to one and all! What an awful game last night for my beloved Cardinals… The starting pitcher gave up 11 runs in the first inning, and only recorded 2 outs before leaving the game… I don’t ever remember seeing a game start like that before… UGH! That was a long 10 game road trip, and as I write, so early in the morning, the Cardinals players are probably just arriving back in St. Louis. Gotta go home, rest, and back to the ballpark this afternoon… I don’t feel badly for them, they get paid millions of dollars to deal with that stuff… I recall, when I used to travel so much to speak, I took quite a few “red

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The Erosion Of The Dollar Continues…

27 days ago

A Pfennig For Your Thoughts

May 26, 2021

*Currencies are sloth-like in their moves VS the dollar
* Gold finally moves back above $1,900! 

Good Day… And a Wonderful Wednesday to you! Thank you, thank you, thank you (in my best Gomer Pyle voice) for all the get well wishes sent to me this week… I didn’t mean to scare anyone with a Sunday Pfennig, just wanted to get the word out about no Monday Pfennig while I was still awake… I did lose about 2 bags of blood, which has made me very tired, and weak for a few days… I’m hoping today is better… A rectus hematoma is what I have, and now they tell me it could take months before the blood disperses and the swelling in my side goes down… I’ve taken to wearing Hawaiian shirts because they fit real loose, and I can hide the big bump on my side!

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Here’s What’s Up…

29 days ago

A Pfennig For Your Thoughts

May 20, 2021

Good Day… And a Super Sunday to you! Wow! it’s been many years since I wrote a Pfennig on a Sunday! But this is going to be very short today, as I have some news to share with you, that will prevent me from writing to you on Monday…

Recall I had told you I thought i had pulled a muscle in my stomach while coughing so violently a week or so ago… I had been in a lot of pain since… Well, last Thursday I had new/ updated scans and while the good news is that that didn’t find any new cancer, and the cancer I have is behaving, they did find what was going on in my stomach… I apparently blew through the stomach wall, and have internal bleeding, and a hemoglobin… These are not life threatening things folks… But they are so serious that I had to go have

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China To Ban Cryptos?

May 19, 2021

A Pfennig For Your Thoughts

May 19, 2021

* Currencies & metals drift on Tuesday
* And start today in the red… 

Good Day… And a Wonderful Wednesday to you…. This is the last Pfennig of this week, as tomorrow, bright and early I have to report to the hospital for a new set of scans… Cardinals got back on the winning side last night… I have one question for Cardinals fans… What would we be doing without Nolan Arenado this year? This guy is fun to watch play baseball folks… there’s really not that much to talk about today, so hopefully something pops up, or else this will be short-n-sweet… The Turtles greet me this morning with their hit song: She’d Rather Be With Me…. “some girls love to run around, like to handle everything they see, but my girl, has more fun around, and you know she’d

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Gold Trades Above Its 200-Day Moving Avg.

May 18, 2021

A Pfennig For Your Thoughts

May 18, 2021

*currencies and metals have strong rallied on Monday
* When will they ever learn? 

Good Day…. And a Tom Terrific Tuesday to you! Well… another day, and another day with the pain in my stomach waning… I must have really done major damage inside me because the discoloration, and swelling doesn’t seem to want to go away, just yet…  Last night, the Butlers met Grace’s dad. A couple of weeks ago, we met her mom, but her dad, had not arrived from Dubai yet… I just love spending time with Grace’s mom, Lori… She, as I described previously, is a real southern belle… Now for those of you trying to figure out who Grace is… (where have you been?) Grace is Alex’s steady girlfriend for over 3 years now… Little Evie was there, along with darling Delaney, so I

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So-Called Transitory Inflation Soars!

May 13, 2021

A Pfennig For Your Thoughts
May 13, 2021
* Currencies & metals get sold in a move to protect the dollar* Markets believe that the Fed will hike rates to combat inflation? 
Good Day… And a Tub Thumpin’ Thursday to one and all! Well, besides the pain in my stomach from the pulled muscle, I do believe I’m through with the cold… A strange reaction to the inflation data has me really full of you know what and vinegar this morning! My beloved Cardinals couldn’t find their bats last night and lost, but our Blues played well and won their next to last reg. season game last night. So it was a win one, lose one night… The Eagles greet me this morning with a song from their first album: On The Border… Not a radio hit song, and not on their greatest hits, but a song that I always liked, and so it’s on

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Dollar Reserves Held By Central Banks Fall To 59%…

May 12, 2021

A Pfennig For Your Thoughts
May 12, 2021
* Currencies drifted on Tuesday… * Gold fights back on Tuesday to erase an intraday loss! 
Good Day… And a Wonderful Wednesday to you… As the group Chicago sang many years ago, I’m feeling stronger every day…. The pain in my stomach from the pulled muscle, is not as sharp of a pain, but still painful… I’ve got a ton of stuff to talk about today, so the markets will be playing second fiddle to all my thoughts today… That sure was a nice win for our Blues on Monday night, in L.A. after sleeping all day I had no problem staying up for that late game! My beloved Cardinals are in Milwaukee, to play the Brew Crew… And last night they won 6-1, with some 11th inning home runs… Crosby, Stills, & Nash greet me this morning with their love song: Suite: Judy

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Back From The Living Dead…

May 11, 2021

A Pfennig For Your Thoughts
May 11, 2021
* Currencies can’t hold their gains from Friday, on Monday..* Gold & Silver with steady under the radar increases… 
Good Day… And a Tom Terrific Tuesday to you! Well, yesterday, I told you that rest and sleep were my best bets to healing, and so I basically slept all day… I didn’t wake up until 5:00 pm in the evening! My cold seems to be waning, for it’s been 8 days and I usually have a cold last 10-14 days… But this pulled muscle in my stomach is killing me with pain! I can’t even begin to describe how painful that is every time I move, walk, bend over, breathe! I’m trying Salonpas Pads on it now, and it does take away the sharp pains, a bit… Any help there is much appreciated! I want to thank all you dear readers who sent me notes yesterday, they

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April Jobs Print Only 266,000

May 10, 2021

A Pfennig For Your Thoughts

May 10, 2021

Good day…. And a Marvelous Monday to you… This will be the shortest Pfennig on record, as I almost didn’t answer the bell this morning… My cold took a turn for the worse, and I pulled a muscle in my stomach during one of my coughing spells… I can’t breathe without major pain right now… So, sleep and rest is my best bet to healing, and so, with that I’ll talk about the jobs number on Friday, and how it really sent the currencies and metals higher on the day, and that’s it… Sorry, but discretion is being the better part of valor for me today… The Easybeats greet me this morning with a song that usually gets my motor going, but not today, as they sing their song: Friday On My Mind…

Well, so much for those so-called experts that called for 1

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Yellen Sees No Inflation Problem…

May 6, 2021

A Pfennig For Your Thoughts
May 6, 2021
* Currencies & metals rally in the overnight markets* Sam Zell finally bellies up to the Gold window… 
Good Day… And a Tub Thumpin’ Thursday to one and all! Well… This is going to be a short one today folks, I’m beat, draggin’ the line, and feeling like death warmed over… I won’t opine too much because there was nothing going on yesterday in the currencies… And besides, I just don’t feel like putting my mind to work this morning… I’m sure I’ll be better on Monday morning, and I’ll make it up to you then. Eddie Money greets me this morning with his song: Shakin’…
OK, as I just said, the currencies traded in a very tight range yesterday. The Dollar Index opened the day at 91.30, and ended the day at 91.26… So, as you can see, little to no

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Currencies Rally On Unknowns…

April 29, 2021

A Pfennig For Your Thoughts
April 29, 2021
* Powell leaves traders nothing concrete to trade on* The price of Oil jumps higher! 
Good Day… And a Tub Thumpin’ Thursday to you! I really feel like going out and doing some Tub Thumpin’ myself today… But I have a cable guy coming this afternoon, so there goes that idea out the window! Maybe tomorrow, when the sky clears, the rain stops, and the sun comes back out, it would be a better day to do some Tub Thumpin’! Two years ago, I dumped the cable and went to YOUTUBE TV, because we could get it in Florida too… Well, that was all fine and dandy, until the YOUTUBE folks got in a peeing contest with Bally’s Regional Sports, who carry my Cardinals and Blues games… Now I have to jump through hoops to watch them both… But not any longer! I’m going

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Once Again It’s A FOMC Day!

April 28, 2021

A Pfennig For Your Thoughts

April 28, 2021

* currencies see some slippage overnight
* Gold & Silver begin the day down… 

Good Day… And a Wonderful Wednesday to you! Another beautiful day here, that will begin to be disrupted this morning, and rain and cooler temps will arrive, and stay until tomorrow afternoon… YUCK! April weather remains a crapshoot in my opinion… I ran across a cartoon yesterday that I read every day… Pearls before Swine… And in it Rat is writing, and Goat asks him how long the rewrite will take, to which Rat replies, “my writing is perfect the first time, revisions are for sad little losers”… And that reminded me of my later years of writing at my old bank, and every day the Pfennig had to be reviewed by lawyers. You wouldn’t believe the things they wouldn’t let me

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Traders Hide Under A Shell Ahead Of The FOMC

April 27, 2021

A Pfennig For Your Thoughts
April 27, 2021
* Currencies & metals gain small amounts on Monday* Palladium reaches $3,000! 
Good Day… And a Tom Terrific Tuesday to you! 85 degrees in Florida is not the same as 85 degrees in Missouri… I know it took me quite a few years to figure that one out, but I did, and yesterday was a prime example of that… My Accuweather app told me it was 85, but, I was tempted to go inside and grab a sweatshirt! In another month, once the earth turns on its axis, I’ll be sweating in 85 degree weather here… Just not now… Thanks to all who sent along a note about the Money Show Panel I was on last Thursday.. My good friend, Dennis Miller, called to tell me he compared my picture that appears on the www.dailypfennig.com site, and a picture he took from the zoom screen

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Currencies Kick Sand In The Face Of The Dollar Bugs…

April 19, 2021

A Pfennig For Your Thoughts
April 19, 2021
* What’s it gonna be boy, inflation or deflation?* Gold & Silver move higher once again.. 
Good day… And a Marvelous Monday to you… Not a great weekend for St. Louis sports teams. The Cardinals lost 2 of 3 to the Phillies, and the Blues blew a 2 goal lead to lose Saturday night. The Blues are now out of the playoffs, but 13 games remain, so they need to lace up the skates, and get to work! The weather here turned chilly, and I received a freeze warning for Tuesday night here… Crazy April weather! Back in the day… I was appointed by the football coach to go with a couple of my teammates and attend a banquet and accept our trophy for winning the PHL football Championship the previous fall… It was April and it snowed a few inches, that night, making

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Inflation Rise Sends The Dollar To The Woodshed…

April 15, 2021

A Pfennig For Your Thoughts
April 15, 2021
* Currencies & Oil rally on Wednesday… * Margin Debt is soaring once again, we had better beware… 
Good day… And a Tub Thumpin’ Thursday to you! Well, the visit to the heart doc went well yesterday. My heart is functioning better, and is much stronger than when he first saw me in 2017… That was right after I had been on huge doses of steroids for over a year, and apparently they did major damage to my heart… But that’s all in the past now, and with me losing weight, should be much better going forward. We had a wonderful dinner last night at a restaurant, where we met Grace’s mom, Lori… What a Southern Belle! For those of you not keeping up… Grace is youngest Son, Alex’s steady girlfriend, now for about 4 years! Grace is from Arkansas… and was the

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The Dollar Bugs Fight Back!

April 13, 2021

A Pfennig For Your Thoughts

April 13, 2021

* Currencies & metals lose ground on Monday
* Yellen says China is not a currency manipulator! 

Good Day… And a Tom Terrific Tuesday to you! Well, I do believe the pool deck workers have finally finished, but we can’t walk on it until tomorrow… That means I have to find a different place to sit out and read… My beloved Cardinals are proving me to be correct, with my Spring Training thoughts about how they can’t hit… They are in need of a Big Bat, lefthanded preferably, that plays the outfield… Chances are… They’ll still be needing that at the end of the season! UGH!  Our Blues had their game postponed last night, and next play in Colorado on Wednesday. There aren’t a lot of what you would call Big Games in hockey’s regular season, but… Tomorrow

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Currencies Post Gains Vs The Dollar…

April 12, 2021

A Pfennig For Your Thoughts
April 12, 2021
* Dollar Index continues to head downward… * Chuck talks about inflation today… 
Good Day… And a Marvelous Monday to you! The weather over the weekend turned chilly once again, as I’ve said before April’s weather is a crapshoot… But Friday was marvelous, weather wise, and I held a driveway happy hour, for neighbors and friends, and… My old World Markets Desk… All the folks, except one, made it out to my little river town, and we sat out, and got to see each other face to face and have some great conversations! Then we finished the night with our good friends, Gus & Dianne at dinner… It was fun seeing all my former colleagues’ faces… and catching up on what’s new? And then that night, a cold front moved through, with rain, and Saturday was a dud…

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Weekly Initial Jobless Claims Rise to 744,000!

April 8, 2021

A Pfennig For Your Thoughts
April 8, 2021
* Currencies are back on the rally tracks this morning… * Gold & Silver recover nicely and head north! 
Good Day… And a Tub Thumpin’ Thursday to you! My beloved Cardinals got out their brooms yesterday as they swept the Marlins in a 3 game set… A HUGE home run by long time fan fave, Yadier Molina was the margin of victory… Today is the Home Opener… That is if the rain allows it to be! I saw rain yesterday for the first time in over a month! And it’s coming back today just for good measure. The rain has pushed back the schedule that our pool deck will be finished, but that’s no biggie, as we have the whole month of April left to get that done. Our Blues ended their losing streak at 7 games, with a 3-1 win last night… It’s finally time they won a

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It’s Baseball’s Opening Day! YAHOO!

April 1, 2021

A Pfennig For Your Thoughts

April 1, 2021

* Currencies drift again on Wednesday and overnight
* Chuck asks, Has the bottom for Gold been put in? 

Good day… And a Tub Thumpin’ Thursday to you! Another beautiful, very warm, day here… The weather people tell me that today will be a day of rain… We haven’t had a drop of rain here since the first weekend of the month… So, even though it’s my last day here for a while, I’ll be OK, with rain… For all that came to visit us this month, you’ve had some of the best weather ever! As the days get warmer and warmer, I find that I can’t sit out in the sun as long… After about an hour and a half yesterday, I called it a day! We’ve made some good friends down here this year… And one of them (Karen) was trying to talk me into staying! I would, but…

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If The Fed Really Wants Inflation, They Should Calculate It Correctly!

March 31, 2021

A Pfennig For Your Thoughts

March 31, 2021

* The selling of currencies & metals has ceased for a day… 
* Rogoff says dollar’s dominance is fragile… 

Good day… And a Wonderful Wednesday to you! As my time down here in the South of Florida dwindles to just a couple of days left, I think about just staying here… That is until I know for sure that the weather has turned warmer for good back home… Yes, it’s been nice there recently, but.. it’s April, and April is a crapshoot as far as weather is concerned… But I’ll go home and spend Easter with my family, and then decide whether to return or not… Like my good friend, Duane, said in the stairwell of a French Quarter apartment, “I don’t want to go home”… Soft Cell greets me this morning with their song: Tainted Love… Now there’s an old

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He’s Baaaacccckkkk!

March 29, 2021

A Pfennig For Your Thoughts
March 18, 2021
* Currencies & metals continue to be held to the chopping block… * One shining light in the currencies is the Indian rupee… 
Good Day… And a Marvelous Monday to you! Well… Chuck was away, and the currencies didn’t rally! See what I’ve been saying? That the world of markets is upside down… What’s good is bad and what’s bad is good… With most of the market activity dominated by the what’s bad is good… I had a great week of vacation with my daughter Dawn, her husband Jerry, and two of my 4 grandkids, Delaney Grace and Everett… Delaney Grace sang the national anthem at Roger Dean Stadium on Tuesday last week and did a bang up job! I’m supposed to be receiving a link to the audio / video of her performance to share with you, but to date, none has come

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It’s St. Patrick’s Day!

March 17, 2021

A Pfennig For Your Thoughts

March 17, 2021

* Economic Data is awful, but dollar rallies… 
* Are you wearin’ the Green? 

Top ‘O The Mornin’ to you lads and lasses! It’s St. Patrick’s Day! Are you wearin’ the Green? I looked in my closet here yesterday to see what I had to wear that was green… I have a shirt that’s a tealy shade of green, and then I have an old EverBank logo shirt that is Kelly green… It’s looks like I’ll be sportin’ the Kelly green shirt today, even though I think I could swim in the shirt, as I’m much smaller now than I was when I used to wear it at shows… We’ll be going to dinner tonight at our traditional St. Pats’ Day restaurant, and have some corned beef and cabbage… I have my phone on Sirius XM’s St. Pat’s Day Radio this morning, and they’re playing Dunkin’

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Up One Day, Down The Next… UGH!

March 16, 2021

A Pfennig For Your Thoughts

March 16, 2021

* dollar sees some selling in the overnight markets
* Rickards says the U.S. is in a liquidity trap… 

Good day… And a Tom Terrific Tuesday to you! Well, it was a hot one yesterday at the ballpark, but not too hot… The real problem in the heat is wearing that damn face mask, except when seated and eating or drinking… So, guess what I try to do all game? For the last year, I’ve worn compression wraps on my lower legs to keep them from swelling… And when you watch a baseball game, on TV, from Roger Dean Stadium, you see my black compression wraps… To someone not knowing what I’m wearing, they might think that I’ve gone full Cleveland on the world with knee high black socks! I really don’t know what baseball is thinking making people, who are

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The ECB Apes The Fed’s Bond Buying…

March 15, 2021

A Pfennig For Your Thoughts

March 15, 2021

* Currencies saw some slippage on Friday… 
* Gold stages a Big Comeback on Friday… 

Good day… And a Marvelous Monday to you! Well… My beloved Cardinals won 2 of 3 over the weekend, the Blues lost 2 games, and Mizzou found itself in a real tournament bind. For if they find a way to beat Oklahoma, they then would play #1 and undefeated, Gonzaga… That’s really a bad draw for my Tigers, but they brought it on themselves… My St. Louis U. Billikens didn’t make the tournament, as their covid shutdown for 3 weeks really hurt their chances… It was chamber of Commerce weather here this past weekend, and I spent most of my time outside, in the sun! The Great Ray Charles greets me this morning with his song: You Don’t Know Me…

OK… Well, Friday was

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Another $1.9 Trillion In Newly Printed Dollars To Enter The Economy!

March 11, 2021

A Pfennig For Your Thoughts

March 11, 2021

* Currencies and metals rally on Wednesday & overnight!
* Who’s going to buy our Treasuries? 

Good Day… And a Tub Thumpin’ Thursday to you! Ahhh, the end of another week… Next week at this time I’ll be signing off for about 10 days as I start my traditional summer vacation… Another day of sunshine yesterday, and I almost finished the book I began reading on Monday! My beloved Cardinals lost another spring training game yesterday, good thing these are just exhibition games and they don’t count on your regular season record… In days passed, I would attend more spring training games, than I do now, traveling up and down the coast to see my Cardinals play… Port St. Lucie, to Ft. Lauderdale, and West Pam Beach… But I don’t feel the need to do that

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China’s Digital Currency Is Ready For Prime Time…

March 10, 2021

A Pfennig For Your Thoughts

March 10, 2021

* There was no follow up in the currencies yesterday… 
* Gold & Silver gain throughout the day on Tuesday… 

Good day…. And a Wonderful Wednesday to you! Well, things were back to normal yesterday, after my morning routine, I went out to the deck with a book and started reading, in the sun… 2 hours later it was time to come in from the sun and take a nap… And then it was a get together around the pool with condo friends… I kept a watch on Gold all day yesterday, to see if the price manipulators came on the scene… But they didn’t and so it was a good day for me! The Cardinals regulars were leading 3-0, when it was time for the minor leaguers to come in the game, and as I always say, The other team’s scrubs beat our scrubs… That’s spring

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