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Inflation Pressures All Over The World!

3 days ago

A Pfennig For Your Thoughts

January 25, 2022

* dollar rallies yesterday, and overnight!
* Singapore takes steps to combat inflation… 

Good Day… And a Tom Terrific Tuesday to you! The cool weather that came down upon us on Sunday, stayed around yesterday, and the high on the day was only 64… But with a sky full of sunshine, which made being out in the sun very comfortable! My friend, Jack and I were still discussing the Chiefs / Bills game, yesterday… And while it worked out for the Chiefs, of whom I wanted to win, I really don’t think the NFL’s overtime rule is right… College football does it right, by giving each team a chance to score… But as far as Karma is concerned, the Chiefs lost a playoff game a few years ago, when the other team took the ball first in OT, went down and scored

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The Fed/ Cabal/ Cartel Stops All Bond Buying….

4 days ago

A Pfennig For Your Thoughts

January 24, 2022

* currencies rally on Friday, but get sold overnight… 
* What’s up with Bitcoin? 

Good Day… And a Marvelous Monday to you! Boy, did the ocean get mad suddenly yesterday! Suddenly, the waves were tall and crashing loudly into the beach… The ocean was very mad about something! The cooler weather maybe? I heard that there was snow and ice in N and S Carolina this past weekend! That’s crazy! Well, my pick to play in the Super Bowl, the Packers, blew a tire on Saturday, and lost… Not that it would have made a difference for sure, but you never know… the Packers only had 10 men on the field for the winning field goal against them! One of my fave songs from the 60’s, is Del Shannon’s song: Runaway… And that’s the song that greets me this morning…

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Looking For Opportunities in 2022

29 days ago

A Pfennig For Your Thoughts

December 30, 2021

* Dollar continues to get sold in small amounts… 
* JPMorgan back in the news for spoofing again… 

Good Day… And a Tub Thumpin’ Thursday to one and all! I bet you were wondering where I slipped off to after Monday’s letter, eh? You might recall me telling you that I had gotten a nasty cold, and well, it took its toll on me on Monday, Tuesday, and Wednesday. I’m not in the clear just yet, but I’m, better… At least I’m awake… I basically slept for about 36 hours only waking up when Kathy would check on me… I still would much rather be asleep this morning, but… I made a promise to myself many years ago about writing the Pfennig when I didn’t feel like it… And this morning is one of those days… Neil Young brings us back to our regular

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Why Are Traders So Giddy Ahead Of The FOMC Meeting Tomorrow?

December 14, 2021

A Pfennig For Your Thoughts

December 14, 2021

* The dollar is bought throughout Monday’s session
* Gold AND Silver rally on Monday… 

Good Day… And a Tom Terrific Tuesday to you! Well… Besides NFL football, there was little else in the way of sports for me to watch last night, so I did some research and reading instead… Kathy was gone for the evening, and I was alone, all by myself once again, so I rang Mr. Pizza Man Pizza for my dinner! Hey, it wasn’t all bad for me, I had a salad with my pizza! Besides the right kind of pizza, has all the food groups, so to me, it’s healthy! HA! Well, today is the day I see what those spots that won’t heal are on my head… I’ve been told by my doctor that he believes its cancer, and given my history with that awful dreadful disease, I’m pretty sure he’s

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Carter-era Inflation Is Here!

December 13, 2021

A Pfennig For Your Thoughts

December 13, 2021

* Gold AND Silver both rally on Friday… 
* Countries hold cyber attack war games… 

Good Day… And a Marvelous Monday to you! What a fun packed weekend, that got started off on Friday, and again on Saturday! Fun stuff! My StL U. Billikens won their basketball game VS Boston College on Saturday, but my Missouri Tigers lost their game…The Blues beat Montreal 4-1 on Saturday and then came back on Sunday to lose in OT… But they did pick up a point! Well, another week went by, which means I’m even closer to my annual Winter Vacation! YAHOO! I’ve scratched my bald head over and over again trying to come up with a gift for Kathy, the woman that basically buys what she wants and needs all through the year… Last year, I thought I nailed it, but since

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The Great Resignation Continues…

December 9, 2021

A Pfennig For Your Thoughts

December 9, 2021

* Currencies rally on Wednesday, but metals don’t… 
* Communists needn’t apply… 

Good Day… And a Tub Thumpin’ Thursday to one and all… well, I Have nothing for you this morning regarding St. Louis sports, and I’m sure y’alll will have no problem with that! I made myself dinner last night again, and this time I really outdid myself! Yummy! I used white wine for my pasta sauce, and then drank the rest of the bottle myself! I’m sure Kathy is not happy about the fact that I emptied her bottle of wine in the fridge, but I don’t care, as I was alone by myself, and when I cook, I use everything! I was informed by my darling daughter, Dawn, that I would be reading to her class next week, outside, as the weather is supposed to be nice, and I’m happy

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The Dollar Continues To Drift Lower…

December 8, 2021

A Pfennig For Your Thoughts
December 8, 2021
*Currencies & metals rally on Tuesday… * The price of Oil rebounds… 
Good Day… And a Wonderful Wednesday to you! In the Blues game last night VS Florida, it appeared, early on, that the Blues were getting outskated and outshot by a Huge margin and that it would become an ugly game… But that didn’t happen… And the Blues came out in the second period and from then on it was a different game, with the Blues winning 4-3 in Overtime… Our Blues are very shorthanded right now, with players out for the COVID Protocol, and injuries.. .I bet that was a very tired bunch of Blues last night… I cooked dinner last night, parmesan crusted pork cutlets… Man they were yummy! I’m listening to my new CD, Winter Romance by Biggie Adair this morning, and she does a

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No Data Leads To A Drifting Dollar…

December 8, 2021

A Pfennig For Your Thoughts
December 7, 2021
* Currencies & metals get sold on Monday… * What on earth is Madame La Garde thinking? 
Good Day… And a Tom Terrific Tuesday to you! Today is our remembrance of our first day of infamy… Pearl Harbor… It turned cold again yesterday, the sun was out, but it wasn’t doing anything to warm the air… I had to break out my winter coat again. UGH! Not to worry though as it will be warm again by Thursday this week! My trip to see Holly, was a piece of cake… She told me I did great… And I relayed a story to her that one time in the hospital Kathy asked me why I was so nice and accommodating to the nurses, and I replied, “Because they have the needles!” HA! Speaking of needles, last week at the oncologist, the lab person had to stick me 3 times before they

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Powell To Retire The Transitory Term…

December 2, 2021

A Pfennig For Your Thoughts

December 2, 2021

* Currencies and Silver get sold on Wednesday… 
* Gold hangs onto some of its gains on Wednesday

Good Day… And a Tub Thumpin’ Thursday to one and all! I was so worked up yesterday about what had happened the day before that when I went to the doctor, my blood pressure was the highest it’s been in two years! No worries, it was taken again later, and it was back to normal… And the rest of the visit was normal too, no biggie… I’m glad of that folks, for sure! The nurses were all wishing me a great winter in Florida… I said, thanks, but I still have to get through this month! I missed going to lunch with my buddy Duane yesterday, as I was at the doctor’s office forever it seemed… Kathy was decorating the tree yesterday, so I decided to cook

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The Dollar Gets Ambushed Overnight!

November 30, 2021

A Pfennig For Your Thoughts
November 30, 2021
* Currencies & Metals get sold on Monday… * Is There a shortage of physical Silver? 
Good Day… And a Tom Terrific Tuesday to you! It appears that we’re in for a week of warmer than usual weather this week… I sat outside to read for about an hour yesterday, it was chilly, but the sun felt warm… Tomorrow we turn the calendar to December… And with December comes, not only Christmas and New Year’s Eve, but also Chuck’s annual winter vacation! YAHOO! Not to worry, it’s not going to start until December 17th, and will end on December 27… I plan to write my usual Christmas Pfennig, so look for that while I’m on vacation… My wife asked me, how does one go on vacation when they are retired? Ahhh, grasshopper, I said, I still work every day doing reading

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Dollar Buying Continues…

November 29, 2021

A Pfennig For Your Thoughts

November 29, 2021

* Currencies & Gold rally on Friday in thin volume… 
* The Dollar Tree is now the $1.25 Tree… 

Good Day… And a Marvelous Monday to you! I trust you all had a very Blessed Thanksgiving? I did, and enjoyed seeing everyone once again… I was sad to hear that son Andrew, and his family, which includes my little Evie, would not be with us this year, at it was the year where they went to his wife’s (Rachel) mom’s for Thanksgiving… And that brought me back to old memories of the arguments Kathy and I used to get into about who’s house we would be going to on Thanksgiving… But those all ended, thankfully, when I decided that we would host Thanksgiving at our house every year, and from then on… things have gone beautifully! Silly things, that aren’t

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The Reserve Bank Of New Zealand Hike Rates!

November 24, 2021

A Pfennig For Your Thoughts
November 24, 2021
* currencies & metals get sold again on Tuesday* The Aden Sisters drop by the Pfennig today… 
Good Day… And a Wild, Wacky, Wonderful Wednesday to one and all! We’ve been in a very strange weather pattern lately, where for a couple of days it warms up so it’s not so chilly, and then it goes right back to being bone chilling chilly! Yesterday and today, are the designated warmer days this week, before we head back to the cold… Longtime readers know that I abhor cold weather, and it’s the main reason I spend my winters in S. Florida… Tomorrow is Thanksgiving, and I will give thanks once again for living in the U.S.A. We may have our problems here, but… People all over the world would love to live here, so apparently their problems are worse! Our

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50 Million Barrels Of Oil Released From The Strategic Reserve…

November 23, 2021

A Pfennig For Your Thoughts

November 23, 2021

* Currencies & metals get sold with vigor on Monday
* $152 Million in fines levied to the Bullion Banks, and still… 

Good Day.. And a Tom Terrific Tuesday to you! Well, have you taken your frozen turkey out of the freezer and transferred it to the fridge to begin the thawing? What are you waiting for? I kid, I have no idea when that all is supposed to take place or go in order… All I know is that at some point Thursday afternoon, I’ll get called to come carve the turkeys… And that’s my contribution…. That and drinking a bottle of wine with dinner! HA! Our Blues got back on the winning side of the ledger last night with a win VS Vegas… On Wednesday and Friday, the Blues play the Red Wings and Blackhawks respectively… Before the realignment

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Dollar Buying Continues…

November 17, 2021

A Pfennig For Your Thoughts
November 17, 2021
* Currencies & metals get sold on Tuesday… * China surpasses the U.S. as wealthiest nation… 
Good Day… And a Wonderful Wednesday to you! Our Blues played last night and lost their 4th game in a row. UGH!   And my St. Louis U. Billikens Basketball team played last night and they found out that they are not ready for prime time… UGH!  I had a long conversation yesterday, with good friend, Dennis Miller… He sounded much better than the last time I talked to him, but he’s still not out of the woods… He’s itching to do a letter, and drafted one, and sent it to me to look over… That’s the best medicine as far as I’m concerned… Get back on the saddle and ride until you can’t ride any longer! Stan Whitmire greets me this morning with his version of

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More Dollar Buying Has The Euro Very Oversold!

November 16, 2021

A Pfennig For Your Thoughts

November 16, 2021

* Currencies can’t find a bid on Monday… 
* Gold & Silver rally in the overnight trading… 

Good Day… And a Tom Terrific Tuesday to you! Well, remember when I said that the Blues had gotten off to a great start, but it was important not to get too excited early, as it was a long season? Well, Sunday night they lost their third straight game… UGH! Sometimes I hate it when I’m right! HAHAHAHAHA! Recently, someone asked me if I still played the guitar, and I told them that it had been 2 years since I last picked up my guitar… That got me thinking last week, and I went and got my guitar, tried to tune a string, and it broke! Now I had to go online and buy new strings… So much for that wild hair, of playing my guitar! Lunch yesterday, with Frank

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Consumer Inflation Jumps To 6.2%!!!

November 11, 2021

A Pfennig For Your Thoughts

November 11, 2021

* The dollar gets bought by the bushelful on Wednesday
* Gold & Silver finally get on the inflation hedge rally tracks! 

Good Day… And a Tub Thumpin’ Thursday to one and all! Today is Veterans Day! A day that should be a national holiday in my book, and not a semi-holiday… I’m getting my chimney swept for Veteran’s Day… I usually take a drive to the country to the burial grounds and put a new Flag on my Dad’s grave, but I think I’ll have to do that at another time this year, as it’s a rainy day… This weekend, I’m going to go to Columbia Mo. My youngest son Alex asked me to go to the football game with him, and I couldn’t say yes fast enough! It’ll be a cold day, but at least it’ll be during the afternoon and hopefully the sun will be

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Dollar Selling Gets Turned Around, Overnight…

November 11, 2021

A Pfennig For Your Thoughts

November 10, 2021

*Currencies and Gold rally on Tuesday… 
* But something occurs overnight, and the dollar rallies… 

Good day… And a Wonderful Wednesday to you! Well, the sun never made an appearance here yesterday, but the weather was OK to sit outside for awhile… Our Blues, my Tigers, and Billikens all played last night… The Tigers and Billikens kicked off their basketball seasons last night, and our Blues traveled from Anaheim to Winnipeg to play last night, and all three teams won! The Blues won in a shootout, which I still say is the dumbest way to decide a professional game, and the Billikens won as did the Tigers… So, it was a good Tuesday night for my teams! The Billikens play again tonight, and look to begin their season 2-0… The Tigers will renew

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NY Fed Poll Show Inflation Expectations Rise To 5.7%

November 9, 2021

A Pfennig For Your Thoughts
November 9, 2021
* Currencies and metals continue their rallies on Monday* Russian inflation soars…. Where are the rate hikes? 
Good day… And a Tom Terrific Tuesday to you! The results for the Gold Glove voting on Sunday night, really went the way of the Cardinals… 5 Cardinals received Gold Gloves, with the best defensive catcher, arguably, Yadi Molina, being the only Cardinals not to receive a Gold Glove this year… 5 Teammates with Gold Gloves the same year, is a new major league record… So, congrats to: Arenado, Edman, Goldschmidt, O’Neil, and Bader… Good jobs all! I fear that the collective bargaining agreement that baseball is run under, and comes up on December 1st, is in for a long drawn out negotiation, and could mean a delayed start to spring training…

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Gold & Silver Say: Taper… Shaper!

November 8, 2021

A Pfennig For Your Thoughts
November 8, 2021
* Currencies & metals rally late last week* The Fed/ Cabal/ Cartel says they will reduce their bond buying this month by $15 Billion… 
Good Day… And a Marvelous Monday to you! Well… My beloved Missouri Tigers beat the spread on Saturday, and only lost by 37 points instead of 39! If Georgia isn’t the best team in the country, then I’ll eat a donut! And I don’t eat donuts any longer! I had my black and gold on for the game, but nothing helped my Tigers… Like I said last week, I expected an Indian summer weather front to come through at some point, and that some point is now… This warmer weather will only last a few days, and then it’ll be back to normal… My trip to the dentist was a non-event, as far as things that can go awry… I do have to go

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Closing The Barn Door Too Late!

October 26, 2021

A Pfennig For Your Thoughts
Rocktober 26, 2021
* Currencies & metals rally on Monday…* Ayn Rand contributes to the Pfennig today!
Good Day.. And a Tom Terrific Tuesday to you! A very chilly, gray, and windy day here yesterday, was definitely not conducive to sitting outside and reading… But having days like yesterday, make the sun filled days with warmth, even more enjoyable! It was a Blues hockey night last night…And Our Blues won again this time 3-0! And I got caught up on all my reading during the day, which left me free to take in the hockey game! I’m into wearing a sweatshirt/ hoodie around the house every day now… There’s still two more months before I head to my winter home in S. Florida… I’m sure I’ll get there, but, right now I don’t know how I’ll get there without whining and

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The Island Of Gold Has Been Found!!!

October 25, 2021

A Pfennig For Your Thoughts

Rocktober 25, 2021

* Currencies & metals rally on Friday… 
* Gold trades over $1,800 this morning… 

Good Day… And a Marvelous Monday to you! What a storm that blew through here last night… The house lights went off a couple of times, but came back on within a minute… I was knee deep into a series on Apple TV, and I know I’m a year behind, but I really got into the Ted Lasso series… While I’m on it… I don’t get into to paid TV… I don’t subscribe to HBO, SHO, any of them, but my wife bought a new phone and got 3 months free of Apple TV, and so….I watched Apple TV all night! Our Blues are off to a great start to the season… And they’re scoring lots of goals… Love it! The Elvin Bishop Band greets me this morning with their song: Fooled Around And Fell In Love…

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Is Silver Ready For Prime Time?

October 20, 2021

A Pfennig For Your Thoughts

October 20, 2021

* Currencies & metals gain VS the dollar On Tuesday
* Russia to continue to eliminate their use of the dollar… 

Good day… And a Wonderful Wednesday to you! Well, how about that comeback for the Dodgers yesterday? I, like many Dodger fans that left early, thought that the game was over, but it wasn’t! I don’t have a dog in the hunt here, and actually would prefer the Braves won the series, because the Dodgers won it last year, so I’m not rooting for any team to speak of… Just thought that the 8th inning rally was a good one… Still haven’t been able to enjoy the nice weather here during the day, as the workers are still at it in my backyard… I did get to talk to some neighbors, Gary and Barb, Monday evening, and that was cool since I hadn’t

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Weak Data Causes Dollar Selling…

October 19, 2021

A Pfennig For Your Thoughts

Rocktober 19, 2021

* Currencies & Metals rally in the overnight markets
* Could we have more stock trading scandals for the Fed/ Cabal/ Cartel?

Good Day… And a Tom Terrific Tuesday to you! Well, the temperature did warm up yesterday, but with work being done in our backyard/ pool, I remained inside with my Bose noise cancelling ear buds in, so I didn’t have to hear the sand blasting going on! I still had on a Blues sweatshirt all day, as the chill was still felt in my bones! The ACLS game was on last night, but was still being played at bed time for me, so I didn’t get to see the end… Our Blues also had a late game in Phoenix last night, that I also didn’t get to see! UGH! Wednesday night they play in Vegas and that too is a late starting game, as well as

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Dollar Selling Ends In The Overnight Markets…

October 18, 2021

A Pfennig For Your Thoughts

October 18, 2021

* Gold’s recent gains were nearly wiped out on Friday
* The Fed/ Cabal/ Cartel tells us we’ve got inflation all wrong! 

Good Day… And a Marvelous Monday to you… Who turned off the heat? I woke up yesterday to a temperature of 39 degrees! Chilly, for sure, and I’m no fan of cold weather, so this quick change to chilly weather had me piling on clothes to combat it! I even had to break out the long pants! I had lived in shorts for 9 months, so I had to search for long pants that would fit my new slimmer body… Now that’s a good problem to have, I know… But… what a Pain! Every thing I pulled out seemed to look like Clown Pants on me! I guess I’ll have to buck up and buy some new stuff! UGH! My beloved Cardinals fired their manager last week…

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Supply Chain Problems Continue…

October 13, 2021

A Pfennig For Your Thoughts

Roctober 13, 2021
* Currencies & metals get bought in the overnight markets
* the Stupid CPI will print today… What will it show? 
Good Day… And a Wonderful Wednesday to you! Well, that just goes to show ya, that I shouldn’t pin my colors to the mast of any team other than my Cardinals, Blues, Tigers and Billikens, because all I do is jinx them! I said yesterday that I had gotten on the White Sox bandwagon… And then they promptly blew a tire against the Astros… UGH! Now it’s the Astros VS the Red Sox… I can’t root for the Astros, because they will forever be in my mind as cheaters… And I can’t stand the Red Sox, so… What to do, what to do… It was a real Chamber of Commerce day here yesterday, I sat outside to read for 3 hours, until the sun became too hot… (it

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Dollar Buying Hits A Crescendo!

October 12, 2021

A Pfennig For Your Thoughts
Roctober 12, 2021
* Gold & Silver trade flat on Monday… * The dollar sees some slippage in the overnight markets… 
Good Day… And a Tom Terrific Tuesday to you! With 4 post season baseball games on the docket yesterday, I was prepared to hunker down and sit out the rain filled day, watching baseball… But then the first game of the day was cancelled because of rain, and that just messed me up for the rest of the day! I’m a schedule follower, in case you didn’t know, and once I’m thrown a curve on the schedule, I can’t adjust to take the pitch to right field… Talk about day and night! Sunday was very warm in the mid 80’s, sunny and blue skies, and Monday was as I said rain filled, with loud thunder, and damaging winds in places… I’m hoping that we get back to sun

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Jobs Disappoint!

October 11, 2021

A Pfennig For Your Thoughts
Roctober 11, 2021
* Currencies are stuck in the mud…* Bond and Oil are pointing to higher inflation ahead… 
Good Day… And a Marvelous Monday to you! Well, I’m back home in my little river town today. Getting here was a nightmare, but as I told my beautiful bride yesterday: “I thought we were lucky to get home when we did”… Apparently, Southwest had cancellations and delays out the ying=yang on Friday, so… we were lucky to get home, albeit hours later than originally booked! Yesterday, we celebrated my little Evie’s 2nd birthday, which is actually today… She’s already won my heart, and wrapped me around her little finger! So, Happy Birthday Evie! My beloved Missouri Tigers got back on the winning side on Saturday, but… They still didn’t play the brand of defense

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The Great Mogambo Guru Speaks!

October 8, 2021

A Pfennig For Your Thoughts

October 8, 2021

Good Day… And a Happy Friday to one and all! I know I don’t usually write to you on Fridays, but… I told you earlier this week that my good friend, the Great Mogambo Guru was writing something that he would share with me… And voila! He did just that yesterday, so I wanted to get this out to you, dear reader, and hope you enjoy it as much as I did when I read it…

So, with no further ado… Here’s the Great Mogambo Guru…

***** There are thousands upon thousands of professors at thousands and thousands of colleges and universities all across this favored land,  none of whom have invited me to speak or even drop by for a lousy cup of coffee. And since we’re on the subject, these are the same guys who have all been very rude to me when I call to

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Kicking The Can Down The Road, Once Again!

October 7, 2021

A Pfennig For Your Thoughts
October 7, 2021
* The dollar is a bit stronger this morning… * Gold & Silver stage another total reversal yesterday! 
Good day… and a Tub Thumpin’ Thursday to you! Well, my beloved Cardinals couldn’t find a way to drive a run home last night and their season ended… UGH! And ugly way to lose a game for the Cardinals, and a great way to win a game for the Dodgers…. The Sunrise this morning is blocked by a marine layer of clouds, but I can see the light behind the clouds, and it looks pretty neat… Credence Clearwater Revival greets me this morning with their song: I Put A Spell On You… 
OK, to start the day today, we have this from Bloomberg. com: “There’s plenty of relief evident in markets this morning as Senators seem to have all-but agreed a deal on

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Did Traders Get A Wink & Nod?

October 6, 2021

A Pfennig For Your Thoughts

October 6, 2021

* Currencies & metals get ambushed overnight… 
* Chuck shows off his math skills… 

Good Day… And a Wonderful Wednesday to you! A quiet night for yours truly last night, as a lot of nights recently have been late… I sat out on the deck that overlooks the beach and ocean, and had my Bose speaker turned up and sang out loud along with the songs being played… I can do that at this time of year, because there aren’t many people here, compared to the winter months! One Wild Card Game is done, with the Red Sox sending the Yankees home. Tonight it’s the Cardinals VS the Dodgers, which doesn’t start, Eastern Time, until after 8PM… I doubt I’ll be able to stay awake for the whole game. UGH! Simon and Garfunkel greet me this morning with their song:

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