Thursday , October 29 2020
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Guess What A Spider Whispered To Chuck?

14 days ago

A Pfennig For Your Thoughts
Rocktober 15, 2020
* Gold & Silver rally on Wed. but are soft this morning* Dollar bugs have confidence that could be short term? 
Good day… And a Tub Thumpin’ Thursday to you! All’s well with my heart and the pacemaker, according to the device specialist and the heart doc. Yesterday… We talked baseball a bit, before getting down the brass tacks… I have to say that going to the hospital for the doctor visit, and parking far away from the door, the whole process just wore me out… I came home, had a bit to eat for lunch, and then fell asleep in my recliner, where I have to elevate my legs for 3 hours a day, and so I figure if I have to sit there for 3 hours, I might as well take a nap! I woke up in time to turn on the NLCS game 3, and watch the Dodgers go

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Traders Finally Pick A Lane, But They Pick The Wrong One!

15 days ago

A Pfennig For Your Thoughts

October 14, 2020

* Currencies, metals, Oil, stocks all get sold yesterday
* If inflation rises, how does a Central Bank Combat that? 

Good Day… And a Wonderful Wednesday to you! We’re in our second day of warmer than usual weather today, and then the bottom falls out tomorrow… So, I’ll need to get outside today to soak up some warm sun before the cold front comes through… I’ve always said that the Fall weather was the best weather we get here in the St. Louis area… And so far, I’ve been bang on with that thought once again! But… even though the weather is nice now, I would rather be in a warm climate, so I can go outside each day, read a book, or listen to music, or nature, and enjoy not having to have a jacket or sweatshirt on… But If I were away, I would

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Tired Of Up One Day, Down The Next?

16 days ago

A Pfennig For Your Thoughts

Rocktober 13, 2020

* Yesterday was a down day for the currencies & metals
* China puts the kyboshes on further renminbi appreciation, for now… 

Good day, and a Tom Terrific and Manfred the Wonder Dog day to you! Looky there, I remembered! Amazing things happen every day, and me remembering something from last week, is one of them! I can recall things that went on 10 years ago, but I can’t even begin to tell you what I wrote about last week! UGH! Well, as I told you yesterday, I have lymphedema in my legs, and they’re going to send me to a lymphedema therapist… this is getting crazy folks! As I was telling my good friend, Dennis Miller last night, the deck is stacked against me once again… But the dealer doesn’t know who he’s dealing cards to! Man, have I

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So, Is The Stimulus On, Or Off?

17 days ago

A Pfennig For Your Thoughts

October 8, 2020

* Currencies & metals rally on Friday… 
* With Friday being an up day, today must be a down day, eh? 

Good day… And a Marvelous Monday to you! What a weekend! First, my beloved Missouri Tigers beat LSU on Saturday! And then on Sunday, it was my darling granddaughter, Evie’s, first birthday… I told you about 10 days ago how she was finally taking her first steps, well, now she’s a real pro at walking and even rounded the corner inside out house at running speed! She is growing up, already… UGH! But it wouldn’t be right if I didn’t give a great Big Shout Out to Evie! Happy Birthday, Evie! May you have many more! On Thursday I visited my oncologist, and she told me to keep doing what I’m doing… When I told her that means nothing… She laughed

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No Soup, I Mean Stimulus For You!

22 days ago

A Pfennig For Your Thoughts
Rocktober 7, 2020
* The up one day down the next trend continues… * Chuck goes through his thoughts on the Credit Markets… 
Good Day… And a Wonderful Wednesday to you! I said yesterday that an “Indian Summer” would be very welcome here in the Midwest, where quite chilly temps had ruled for the last week. And much to my surprise it warmed up yesterday, and now we’re set to have temps in the mid 80’s for the next week… I know that technically, it’s too early for an Indian Summer, but I’m going to call this week that, because…. I want to! We are in the U.S. right? Freedom of Speech and all that! Sad news last night that cancer had taken the life of guitar great, Eddie Van Halen, at age 65… he had throat cancer, which is different from my cancer, but this one still

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What Are The Bond Boys Telling Us?

23 days ago

A Pfennig For Your Thoughts

October 6, 2020

* Currencies & metals both rally on Monday
* Big Ben Bernanke & Paul Krugman explain GDP… 

Good Day… And a Tom Terrific Tuesday to you! I had a reader last week request that I include Tom Terrific’s dog, Mighty Manfred the wonder dog, on Tuesdays… Well, I don’t know If I’ll remember to do it each week, but there it is! How many of you recall Tom Terrific cartoons? I loved the name of his foe: Crabby Appleton, whose saying was, “I’m rotten to the core”! They don’t make cartoons like that these days! Well, tonight I’ll pick up my wife from the airport, which means, with kudos to Barbara Mandell, I won’t be sleeping single in a king size bed any longer! Well, for about 6 weeks that is, when she’ll return to our Florida home for a couple of

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Do We Really Need The CFTC?

24 days ago

A Pfennig For Your Thoughts

Rocktober 5, 2020

* Back & forth, up then down trading continues
* Oil slides downward again… 

Good Day… And a Marvelous Monday to you! Well, it was a bad weekend, sports wise, for me this past weekend, as both my beloved teams lost… My Cardinals forgot how to hit a baseball again on Friday night, and they were ushered out of the playoffs, after such a promising Game 1 victory… UGH! And then on Saturday, my Missouri Tigers forgot how to play defense in their loss at Tennessee, so I sat a sulked all day on Sunday! I’m only on page 600 of a 965 page book, so I did some reading, not making much of a dent in those remaining 365 pages! I hope you have a relaxing, fun, whatever weekend, for mine was a bust! Big Head Todd & The Monsters greet me this morning with

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2 More Felony Counts For Price Manipulation For JPMorgan…

29 days ago

A Pfennig For Your Thoughts
September 30, 2020
* Currencies & metals give back gains overnight… * Chuck asks, why do people keep getting more stupid? 
Good Day… And a Wonderful Wednesday to you! Well, did you watch the debate last night? I didn’t because after cooking for 2 hours, yesterday, for some reason, I just didn’t have anything left in the tank. So I sat down, played some music and forgot about the debate… I’m sure I know who “won” the debate, without looking… But I’ll be checking that out later this morning… I forgot to congratulate the Tampa Bay Lightening on their Stanley Cup Championship that was won Monday night… Well, I hope they get to each individually get the Cup for one day, as is tradition. I say that because the new hockey season begins December 1st! Yes, less than

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The Dollar Bugs Retreat Further….

September 29, 2020

A Pfennig For Your Thoughts

September 29, 2020

* The overnight markets sell dollars! 
* What up with the weakness?

Good Day… And a Tom Terrific Tuesday to you! Well, I tried something new for today… I got an instacart app, ordered our groceries and today I go pick them up, and they’ll bring them out to the car! No more having to walk around a grocery store with a face mask on…. ( I always had the feeling that they were going to arrest me with my mask on!) But no more! I could have them delivered to me, but I need to get out and drive my car a bit more, as I’m now getting 1 month to a gallon of gas! Tomorrow will be a busy day for me, as I go to the eye doctor to get a new prescription for my one eye… I ask them every year why the bill for such procedure isn’t cut in half, since they

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The Siege On Currencies & Metals Continues!

September 24, 2020

A Pfennig For Your Thoughts

September 24, 2020

* Currencies & metals can’t stop the bleeding… 
* JPMorgan to pay a hefty fine for manipulating metals… 

Good Day… And a Tub Thumpin’ Thursday to you! Well, yesterday was a day to be forgotten as far as I’m concerned… The sun barely made an appearance, Gold & Silver get rocked again, and my beloved Cardinals lost to the Royals… UGH! They didn’t just lose, they got their butts beat! The road trip ends with a record of 7-6 with the rash of doubleheaders and so forth, in a regular year, that would be a good road trip, but considering there aren’t 162 games this year, every loss is like 3 losses… Now we come to the cheese that binds… 5 games VS the Brewers in 4 days… This will be day 6 alone during the days, I know one thing, I don’t have to

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Gold & Silver Get Taken Off At The Knees…

September 22, 2020

A Pfennig For Your Thoughts

September 22, 2020

* Currencies, metals, Oil and stocks all get sold… 
* Does Kaplan “get it”? 

Good Day… And a Tom Terrific Tuesday to you! Another Chamber of Commerce day here in the Midwest yesterday… I had a lot of things to do yesterday, so I didn’t spend the day reading articles once again… So, I have no idea what will happen, but this could be a short-n-sweet letter today, But I won’t promise you that! You know that I told you that Kathy is gone again, so that leaves me cooking dinner for Alex (and myself of course!). I love to cook… no problems there… I totally disdain the cleanup afterwards… And I’m not one for leftovers, per se, there are some I like, but for the most part, no thank you on the leftovers. So, when I’m in charge, it’s down the

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Overnight Markets Buy Dollars?

September 21, 2020

A Pfennig For Your Thoughts
September 21, 2020
* Currencies & metals rally on Friday… * But give back gains in the overnight markets last night… 
Good Day… And a Marvelous Monday to you! What an absolute beauty of a weekend, weather-wise these past few days… The harsh hot weather that was still with us a week ago, has given way to days with full sun, but high temps of 72-75… I find I can sit outside to read much longer when the temps are in the 60’s! I hosted a good crowd of neighbors on Friday, and some of us watched both games of the double header! We ordered pizza for dinner, and a good time was had by all! On Saturday morning, I drove Kathy to the airport, and yes, she’s left me home along for the most part, once again…. Alex is here at night, but he works 10 hour days during the

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Let Them Party Now, The Hangover Is Going To Be A….

September 17, 2020

A Pfennig For Your Thoughts
September 17, 2020
* the dollar bugs are back in control… * Chuck says these are really Things that make you go hmmm…. 
Good Day… And a Tub Thumpin’ Thursday to you! Well, once again the old pro, Adam Wainwright, went the distance and the Cardinals won the 1st game of the doubleheader last night…. I’m in awe of the fact that in 2006, Adam Wainwright was the closer for the Cardinals as a rookie… Remember him striking out Carlos Beltran in the 9th inning to close out the 2006 NCLS, and sent the Cardinals to the World Series, where the beat the Tigers in 6 games, with Adam closing out that clinching game, and now 14 years later, he’s our “stopper”…. The great pitchers find a way to stay in the game for many years…  Sat outside with neighbor Paul for the first

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It’s A FOMC Day!

September 16, 2020

A Pfennig For Your Thoughts

September 16, 2020

* Currencies and metals lose their early morning gains
* The overnight markets keep selling dollars… 

Good Day… And a Wonderful Wednesday to you! Man! Was that ever a nasty, ugly game last night for my beloved Cardinals… They not only took one on the chin, they also suffered major body shots, that will probably keep them from winning for a couple of days…. And once again in a time of need, they’ll hand the ball to 39 year old Adam Wainwright…. He has already saved their bacon from being fried a couple time this year. I sure hope he still has “it” today…. It was downright chilly outside last night, so I had to get my Blues hoodie out… I had to cover my bald head, that’s the first thing to get cold! I read last night that Judy Shelton

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Have Traders Already Gone Into a “Wait For Fed” Funk?

September 15, 2020

A Pfennig For Your Thoughts
September 15, 2020
* The euro inched higher on Monday… * Have Gold & Silver found their mojo again? 
Good Day… And a Tom Terrific Tuesday to you! I said a prayer last night and asked that Mother Nature give the gulf coast a break… Please be safe if you’re in that region! When I went to bed last night, Hurricane Sally was packing 100 mph winds…. And heading to the gulf…. My beloved Cardinals left their bats in St. Louis, and surely didn’t take them to Milwaukee, where they were made to look the fool at the plate by some pitchers I had never heard of…. UGH! But it’s baseball, I find that I’m more tolerant of bad play this year, because, we almost didn’t have a “this year”… I just hope that all this “no fans in the stands” is over by the time spring training

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The Pfennig Hits The Big Time!

September 14, 2020

A Pfennig For Your Thoughts
September 14, 2020
* Thursday & Friday last week trading was Meh… * Velocity of currency is what the Fed needs to get their inflation! 
Good Day… And a Marvelous Monday to you! A strange weekend weather-wise here, with clouds, and sun, and cooler temps than are normal for this time of year… Saturday morning, I got a big surprise, and it made me smile like the Cheshire Cat! Former colleague at Mark Twain Bank, Neil George, sent me an email letting me now that a piece of my Sept. 9, Pfennig, had been picked up by Barron’s! That’s right I said Barron’s! Years ago, Alan Ableson, quoted me in Barron’s, and that was also a highlight in my career…  I guess there’s hope for the media, if they think the Pfennig is worthy of being printed in their publication! It costs

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The CBO Says The Budget Deficit Is $3 Trillion With A Month To Go!

September 9, 2020

A Pfennig For Your Thoughts
September 9, 2020
* dollar buying continued on Tuesday… * What’s causing the disruption of completing the Nord Stream 2? 
Good Day…. And a Wonderful Wednesday to you! Well, a day/night doubleheader didn’t go without a win, like the last doubleheader did here against the last place Pirates… My beloved Cardinals settled for a split and now get a day off, before they play another doubleheader VS the Tigers… The Cardinals, because of their quarantine after a virus outbreak, will have to play 23 games in 18 days to finish the virus shortened season. Hopefully they don’t collapse before the season ends, and they can hang on to their current playoff spot…. Chilliwack greets me this morning with their song: Fly At Night (In the morning we land) Let’s see a show of

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Here We Go Again, With Fuzzy Numbers…

September 8, 2020

A Pfennig For Your Thoughts
September 8, 2020
* The dollar bugs start the week with the conn… * Unemployment Rate drops, but Continuing Claims rise? 
Good Day… And a Tom Terrific Tuesday to you! It was a real Chamber of Commerce weekend here for our Labor Day Holiday weekend, and all I could think about Saturday, was that it would be have the perfect day for the Annual (no more) Butler Labor Day BBQ & Pool Party…. Cards took 3 of 5 from the 1st place Cubs, who seem to be stumbling… Cards come home after a 5-3 road trip, which in baseball is a big thing to win road games… I’m just saying! I made my Big Green Egg, work overtime on Friday and Saturday, and now we have tons of food to eat the rest of the week! The late great Otis Redding greets me this morning with his classic song: The Dock

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Has The Fed Painted Itself Into A Corner?

September 3, 2020

A Pfennig For Your Thoughts

September 3, 2020

* Another day of “suspicious” dollar buying… 
* Bill Bonner gives us his thoughts on the eviction moratorium… 

Good Day…. And a Tub Thumpin’ Thursday to you! Another yucky day weather wise here where I live in the summer and fall months… I don’t know that it ever really rained, it just looked like it was going to do that all day… That marked 3 days without sunshine… Jimmy Cliff sings a song that goes: Hello Sunshine, won’t you please come around? Hello Sunshine don’t let me down….  After a night when the Cardinals got 23 hits, and scored 16 runs…. They were only able to muster up 6 hits last night, left the bases loaded in the top of the ninth, and lost in the bottom of the inning…. UGH! As Tony LaRussa used to always remind Cardinals

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Will You Make Your Mortgage Payment To The Fed?

September 2, 2020

A Pfennig For Your Thoughts

September 2, 2020

* The dollar bugs fought back yesterday and overnight
* Chuck talks more about the Fed’s inflation averaging…. 

Good Day… And a Wonderful Wednesday to you! WOW! I don’t know what my beloved Cardinals had for lunch yesterday, but they came out swinging against one of the better pitchers in the league, last night and racked up 6 runs in the first inning! I can hear all of my friends, laughing and saying, “Hey Chuck, I thought you said the Cardinals couldn’t hit?” Ahhh grasshoppers, I said they couldn’t hit the ball consistently…. So, let’s see what they have up their sleeves in tonight’s game before we knight them as Murderer’s Row! Not much going on around here, I can’t even go out and sit in the sun to read during the day, as it’s

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JC Penney Headed To Liquidation?

September 1, 2020

A Pfennig For Your Thoughts

September 1, 2020 Is

* Currencies & Metals both rally on Monday… 
* Chuck’s thoughts on The Fed’s Inflation averaging… 

Good Day… And a Tom Terrific Tuesday to you! A real downer day here yesterday with clouds and rain, but by dinner time the sun was out, and it was a nice evening…. I wasn’t feeling up to sitting outside to watch the game last night, as my stomach was questioning the gumbo I ate for dinner…. But I got through it unscathed and was able to watch the whole game that the Cardinals won…. A dear reader sent me a note yesterday, and said that I failed to mention the 3-2-8 double play the Cardinals pulled off this past weekend…. Now that combination doesn’t happen every day folks!  The Eagles greet me this morning with their big song: Desperado….

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Powell Does His Best Imitation Of Big All Greenspan!

August 31, 2020

A Pfennig For Your Thoughts

August 27, 2020

* Currencies & Metals both rallied strongly on Friday… 
* Chuck questions just what the heck did Powell say? 

Good day… And a Marvelous Monday to you! Ok, front and center this morning… I had my scans on Thursday morning, and one Friday morning I received the results… No new cancer was found…. Of course I still have the lesion in my jaw, but right now it’s behaving…. So, I’m good to go cancer-wise for another 3 months… What has happened to my beloved Cardinals? Well, if you recall me talking about their lack of ability to hit the ball in spring training, then you know the answer to my question! Now they did find a way to win 1 game yesterday, but that hardly makes up for the 4 previous losses! I had a visit from a dear reader this weekend,

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Neil Barofsky Tells Us How TARP Money Was Used…

August 26, 2020

A Pfennig For Your Thoughts
August 26, 2020
* A nothing day in currencies and metals yesterday* Traders wait for Powell’s talk on generating inflation tomorrow… 
Good Day… And a Wonderful Wednesday to you! I had a good day yesterday, and didn’t require a long nap during the day! There are days when I wake up and know that it’s going to “one of those days”, and then there are days that I wake up and say, “I’m ready!”. Tomorrow morning I’ll have to be on the ball early, to report to the hospital for my quarterly scans… I don’t believe the scans will reveal anything I’m not aware of… So that’s how I’ll get through today and tomorrow until they post my results… I used to have to wait a few days for results, but not any longer, they post them and send me note that they are on my account to be

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Powell To Talk Up Inflation At Jackson Hole Boondoggle!

August 25, 2020

A Pfennig For Your Thoughts

August 25, 2020

* The dollar bugs were back in control yesterday
* We have Powell talking up inflation and Gold can’t find a bid? 

Good day… And a Tom Terrific Tuesday to you! I received a surprise yesterday afternoon, while I was out back cooking some chicken breasts on my Big Green Egg…. My good friend, Duane stopped by to say hi… I hadn’t seen him since he dropped off that pastrami sandwich to me a couple of weeks ago… I sat out back to watch the Cardinals game, as I have for the last week, but this game was VS the Royals last night. I will go to my grave never forgiving Don Denkinger for his, I still don’t know how he saw it the way he called it, massively bad call in Game 6 of the 1985 World Series between the Cardinals and the Royals… Instead of

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The Dollar Begins To Get Sold Again, overnight…

August 24, 2020

A Pfennig For Your Thoughts

August 24, 2020

* Currencies, and metals are both on the rally tracks
* Weekly Initial Claims climb back above 1 Million! 

Good day…. And a Marvelous Monday to you! Another Chamber of Commerce weekend, weather-wise for us here in God’s Country…. And the Cardinals took 3of 4 from the Reds, so baseball-wise it was also a good weekend! Most of my buddies were off to their respective lakes and lake homes this past weekend, which meant I sat out back watching the baseball games by my lonesome…. Oh woe is me… HA! I was watching a bit of TV last night, and the news was on, which usually turns me off, but they were discussing how the police chase method called PIT had caused 30 deaths this past year… And I yelled at the TV… “if the dolts weren’t running from the

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Lyin’, Cheatin’ That’s All They Ever Do…

August 20, 2020

A Pfennig For Your Thoughts
August 20, 2020
* Traders buy dollars on Wednesday…* Another engineered takedown of the currencies & metals… 
Good Day… And a Tub Thumpin’ Thursday to you! The weather here has reverted back to late May-like temps… I was able to sit outside, in the sun, soaking up Vitamin D, for almost 2 hours before I succumbed to my daily call for a nap…. Well, I flipped a coin and it came up that I would continue reading Kurt Vonnegut’s Slaughter House 5, I’ve got his book: The Sirens of Titan queued up too! And by the time I get through those, it’ll be September, and the new C.B. Strike book will be getting delivered to me! Someone asked me the other day why I never mentioned that I read economics books or investment books… I replied: “I read for enjoyment”….  Not exactly

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A Modern Day Gold Rush Is Here!

August 19, 2020

A Pfennig For Your Thoughts

August 19, 2020

* Currencies & Metals both rally VS the dollar on Tuesday
* Warren Buffett dips his toe in the Gold Market… 

Good day… And a Wonderful Wednesday to you! Another beautiful day here in the Midwest yesterday, and today is supposed to be even better! So I’ve got that going for me today, eh? I start today with a loss of thoughts, words, and whatever it takes to write a daily letter… It’s all just a big blank screen for me this morning… So, I hope I have think of something quickly, before you dear reader decide to hit “delete”…. Steely Dan greets me this morning with their song; Deacon Blues… I love this song, and pretty much anything Donald Fagin and the late Walter Becker did….  

Well, the currencies and metals rallied VS the dollar another day

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The Beginning Of A New Weak Dollar Trend?

August 18, 2020

A Pfennig For Your Thoughts
August 18, 2020
* Currencies & Metals both rally VS the dollar on Monday* Chuck takes us back to 2002…. 
Good day… And a Tom Terrific Tuesday to you! Another beautiful day yesterday was spoiled around dinner time with a rain shower…. Oh well, at least the day was great! My darling granddaughter, Delaney Grace celebrated her 13th birthday (which was last week) with some of her friends in our pool… She made sure she sought me out when it was over, to come inside and give me a great big hug, ask me how I’m feeling, and tell me she loves me… Ever since the day about 7 years ago, I sat her down and explained cancer and what it does to people to her, she has always made sure she stops to give me a hug, and ask me how I’m feeling…. I just love her to pieces! The

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Chuck Butler’s Daily Pfennig of August 17, 2020

August 17, 2020

A Pfennig For Your Thoughts

August 17, 2020

* Gold & Silver get sold again on Friday! 
* But Currency traders are selling dollars hand over fist! 

Good Day… And a Marvelous Monday to you! Man… did the weather here change for the better in the past few days, and from what I see it should remain that way for the rest of this week! It was such a beautiful Sunday morning yesterday, as I sat out back listening to my symphonic music station… I began to sing this song… Blue skies… following me, nothing but Blue Skies, do I see… Blue Bird singing a song, nothing but Blue Skies from now on… I bet I had a few of you singing along, eh? That reminds me of my last visit to Vancouver for the Agora Symposium. I got nearly everyone in the audience to sing along with me: Trini Lopez’s Lemon Tree…. If

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Ouch! That Engineered Takedown Has Left A Mark!

August 12, 2020

A Pfennig For Your Thoughts
August 12, 2020
* Gold & Silver are taken down by HUGE amounts… * The dollar bugs fight back! 
Good Day… And a Wonderful Wednesday to you! Well, no reason what-so-ever to beat around a bush today… I’ve never, ever seen a one day move like I saw yesterday in Gold… It’s a real shame folks… For this move was downward, and at one point in the day it totaled $100!!! One sale begot another one, and so on… But as Neil Young sang, I won’t let it bring me down, for it’s only castles burning…. There! I got that off my chest! Now back to regular programming…. Day one of Chuck and Alex being on our own, went fabulously… A very damaging storm had come through the night before, and some people in Missouri were still without power… And our pool was covered with small twigs

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