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Articles by Daily Pfennig

It’s A FOMC Day!

4 days ago

A Pfennig For Your Thoughts
September 22, 2021
* Currencies give back some gains on Tuesday…* The House kicks the can down the road once again… 
Good Day… And a Wonder Dog Wednesday to you! Well my weather app was correct, the cold front did come through on Monday night, and I have to say that I’m just not ready for colder weather… I’m good with chilly weather, but not during the day light hours. I don’t like having to put on sweatshirts, or sweaters just to go outside in September! I dropped my iPad on the patio the other night, and cracked the screen… I thought at first I could figure out how to fix it, but then discretion became the better part of valor, and I took it to get fixed. I got it back last night, and it’s just like new! Want another sign that colder weather is coming? Our

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Janet Yellen Becomes A Drama Queen…

5 days ago

A Pfennig For Your Thoughts

September 21, 2021

* Currencies & Gold rally on Monday… 
* The overnight markets see more dollar selling… 

Good Day… And a Tom Terrific Tuesday to you! Another beautiful day here on Monday, but from what the weather app tells me, a cold front is on the way, and on Wednesday the high will be 70 degrees… Well, did you get a glimpse of the Harvest Moon last night? I don’t know why I’ve become so interested in full moons, but I guess it had to do with when we bought our beach place, and watching the full moons, especially the super moons, rise out of the ocean is a real treat! Mike Shannon is a true St. Louis celebrity… He was recruited to play QB at Mizzou, but the Cardinals offered him a bonus and he signed, then played for the Cardinals back in the 60’s.

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What Did You Spend That $600 On?

6 days ago

A Pfennig For Your Thoughts
September 20, 2021
* Currencies & metals get sold down the river last week* What are the Cartel Heads doing with stocks? 
Good day… And a Marvelous Monday to you! My beloved Cardinals are on a roll to say the least! They have won 8 games in a row, and are looking like a completely different team than the one they made us all suffer through for 140 games… They travel now to Milwaukee, where the Brewers have already qualified for the playoffs… Cardinals gotta keep on winning! Well, it was a real Chamber of Commerce weekend, weather wise that we just went through here in the Midwest… If the weather stayed like that too long, it would cost us a fortune to live here! The Beatles greet me this morning with their song: The Long And Winding Road… 
That’s what I feel

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Currencies & Metals Get Ambushed Again!

10 days ago

A Pfennig For Your Thoughts
September 16, 2021
* Yesterday’s moves were small in the currencies* But the overnight markets have taken down the currencies & metals
Good Day… And a Tub Thumpin’ Thursday to one and all! Well, my beloved Cardinals took my suggestion that they continue to win into last night’s game VS the Mets, and scored 5 runs in the first inning to cruise to a victory, and sweep of the Mets…. They come home now to play a weekend series against a team that’s chasing them, The Padres… Gotta keep winning… Well, yesterday was one of those days for me, when I can’t seem to wake up, and didn’t do so until 11:30 am. Sat outside to watch the game last night, with neighbor Paul.. It got a little chilly by game’s end, but that’s what it’s supposed to do in the fall! Early last week I

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11 Months In, And The Federal Budget Is $2.7 Trillion Deficit!

11 days ago

A Pfennig For Your Thoughts

September 15, 2021

* Currencies & metals inch higher VS the dollar
* Spin Doctors attempt to tell us inflation is going away… 

Good day… And Wonderful Wednesday to you! I almost didn’t answer the bell this morning… Man, am I draggin’ the line this morning! Crazy game last night, for my beloved Cardinals, who won and that’s all that matters at this time of year! When there are games like last night, I can’t turn it off and go to bed… So, I was up late last night, so forgive me if misstate something this morning, I have an excuse! The sun was in my eye, I tripped on a rock, the other guy called for it first… you know that kind of excuse that a young ball player gives for not catching the ball… Steely Dan greets me this morning with their song: Aja… Aja, when

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Oil Price Nears $71…

12 days ago

A Pfennig For Your Thoughts

September 14, 2021

* Currencies gain back their Sunday night losses
* Petrol currencies moving higher with the price of Oil… 

Good day… And a Tom Terrific Tuesday to you! Well, after that “draggin’ The line” feeling I had yesterday morning, I spent the rest of the morning wanting to go back to sleep… I finally succumbed to Mr. Sandman, in the afternoon, and when I awoke, I felt so much better! When I was a young man, I would scoff at anyone that needed an afternoon nap… We all probably did that… But, I figure now, that with all the stuff I’ve been through, I deserve a nap when I feel the need! HA! Basically, your body tells you when you need to sleep, and I’ve become so good at listening to what my body is telling me… Eddie Money greets me this morning with

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Wholesale Inflation Soars, Gold Gets Sold?

13 days ago

A Pfennig For Your Thoughts

September 13, 2021

* PPI soars, indicating that inflation continues… 
* The dollar gets bought in the overnight markets… 

Good Day… And a Marvelous Monday to you… Did you have a nice weekend? Mine was great! It started with a driveway happy hour on Friday, where I got to catch up with neighbors and former colleagues at EverBank. From there, the rest of the weekend was filled with absolutely fabulous weather, and two Cardinals victories, and being outside with my good friend Duane. The only bummer of the weekend was the loss by my beloved Missouri Tigers… UGH! I’m greeted this morning with a song by a 70’s band that didn’t last too long… Lobo greets me this morning with their song: I’d Love You To Love Me

Well, did you get a chance to check out that

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Global Food Prices Soar Higher In August!

19 days ago

A Pfennig For Your Thoughts  
September 7, 2021
* Jobs disappoint on Friday, but dollar rallies last night!* Who will step up to buy our Treasuries when the Cartel drops out? 
Good Day… And a Tom Terrific Tuesday to you! How was your Labor Day Holiday weekend? Mine was full of family, food, and baseball… Saturday it rained off and on all day, but I had a large umbrella over my Big Green Egg, as I had it smoking a pork but, that took 12 hours to cook to the temp I needed it to get to… It was quite yummy to eat on Sunday! The weather here has turned to almost like fall-like weather, which I’ve always said, that the fall weather, is the best weather we get here where I live, 9 months a year. Well, my beloved Cardinals might as well begin packing their golf clubs into their cars, because

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Traders Begin To Button Up Their Books Ahead Of The Holiday Weekend…

24 days ago

A Pfennig For Your Thoughts
September 2, 2021
* currencies & metals turn their negative performance into a positive one on Wednesday!* Ohio enacts law to prevent taxing money! 
Good Day… And a Tub Thumpin’ Thursday to one and all! This will be a 4 day holiday weekend for yours truly, and many of the senior traders in NYC, as they head to the Hamptons for the last holiday weekend of the summer… I’m really bummed out that I will not be hosting our annual Labor Day BBQ Party this weekend… But like I said previously, I’m still going to make the Big Green Egg work overtime this weekend… My beloved Cardinals, after taking the first game of the doubleheader, laid a big fat egg in the second game and got smoked by the Reds… The Cardinals still won the series and picked up a game on the Reds for

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Powell: Inflation Is Solidly Around 2%… Really?

25 days ago

A Pfennig For Your Thoughts

September 1, 2021

* Currencies & Metals see little movement on Tuesday…
* ECB to meet tomorrow, with inflation rising… 

Good Day… And a Wonder Dog Wednesday to you! See that? I changed it up today, aren’t I the tricky one? HA! Man that hurricane Ida sure has caused some damage after landfall, and moving N.E… That video of the highway in Mississippi collapsing was scary… I hope everyone in Ida’s path have taken precautions and will be safe… About 8 years ago, I wrote a Sunday Pfennig, (yes we did those back in the day) and in it I said that one way to reduce our debt was to end all wars… That not only meant the current war in Afghanistan, but also, the war on drugs, the war on poverty, and we didn’t know about COVID back then but you could easily add in the

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Bond Traders Prepare For Another Taper Tantrum…

August 26, 2021

A Pfennig For Your Thoughts
August 26, 2021
* Currencies & Metals rally on Wednesday… * Today looks like “one of those days” for Gold & Silver… 
Good day… And a Tub Thumpin’ Thursday to you! Noot! Noot! Thee’s a new chant that goes on a Busch Stadium, when rookie Lars Nootbar gets a hit, or make a good defensive play… the fans chant, Noot! Noot! When I first heard it on TV, I thought the fans were booing, and then realized that they wouldn’t boo a Cardinals player that was hustling.. Well, there were lots of Noot! Chants yesterday, when he singled in the 10th inning to score the winning run… Our future Hall of Fame catcher, Yadi Molina, announced a one year extension, so next year will be his farewell tour around the league… As I told you yesterday, I’m heading out of town on Friday, and

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The Dollar Selling Has Paused…

August 25, 2021

A Pfennig For Your Thoughts

August 25, 2021

* Currencies & Metals have small rallies on Tuesday
* But Currencies & Metals get sold in the overnight markets… 

Good day… And a Wonderful Wednesday to you! Man-o-man, my beloved Cardinals can’t seem to stop stepping on their on toes… I sit there watching them and shaking my head in disbelief that my once proud and ever present team in the playoffs, can’t seem to hit their way out of a wet paper sack… Injuries, which all teams have, have definitely played a part in their demise this year, but I don’t get how other teams, work their next man up, to win, and we can’t… Oh, well, as the Chicago Cubs fans said for years, “wait till next year”…. I’m heading to SW Missouri, NW Arkansas this weekend to spend a weekend with good friends on Bull

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The Dollar Gets Ambushed Yesterday…

August 24, 2021

A Pfennig For Your Thoughts
August 24, 2021
*Currencies & metals kick sand in the dollar’s face* What’s going on at the Cartel?
Good Day, and a Tom Terrific Tuesday to you! Well, my pre event excitement did not fail me yesterday… You may recall me telling you about an event I was going to with son Andrew last night… It was fabulous! Well worth the money I paid to attend the event, that’s for sure! The Cardinals know how to stage an event like last night, it’s all top notch, the way the organization is perceived by the public to be… I’m still a little giddy this morning about it… Chicago greets me this morning with their song from their sappy phase: Hard To Say I’m Sorry… After the great guitarist and singer, Terry Kath died, Chicago depended on their bass player, Peter Cetera, to write and

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Currencies & Metals Rally Overnight!

August 23, 2021

A Pfennig For Your Thoughts
August 23, 2021
* The Jackson Hole Fed Boondoggle will be virtual… * We have to be prepared for a future with more black swan events.
Good day… And a Marvelous Monday to you! It’s been a month since I last greeted you with a Marvelous Monday greeting! I’m still experiencing some hang on problems from the pneumonia I had. The doc said that it’s normal, and not to worry about it… I had a chest x-ray last week, and my lungs were clear so that puts my mind at ease… My beloved Cardinals thought that they had figured out their hitting problems… And lo and behold the last place Pirates come to town and beat them 2 out of 3… Thank goodness that we have Adam Wainwright pitching every 5 days! I cooked up some yummy pork tenderloins in the Big Green Egg yesterday, thinking

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Traders Fear Tapering By The Fed…

August 19, 2021

A Pfennig For Your Thoughts

August 19, 2021

* The dollar continues to get bought… 
* Why on earth are the metals getting sold like funnel cakes at a State Fair?

Good Day… And Tub Thumpin’ Thursday to you! I’m going to leave all the Tub Thumpin’ to you dear readers, for I’m still working though weakness and foggy brain… I want to take a minute here to tell you about a dear reader, Jim M., that sent me a copy of a letter from the Pan Mass Challenge, that supports the Dana-Farber Cancer Institute. The letter acknowledged that Jim W. had made a donation in the name of Chuck Butler & Dennis Miller… Talk about being blown away! OK… now on to other things… Thanks for all the welcome back notes I received on Tuesday, I truly appreciate each and every one of them! It’s all me today, folks… no

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Thankfully Chuck’s Back! More or Less…

August 17, 2021

A Pfennig For Your Thoughts

August 17, 2021

* Chuck talks about the brazen takedown of Gold… 
* And Chuck has a special Treat for us today… a guest commentary! 

Good Day… And a Tom Terrific Tuesday to you! Well, my friends, and dear readers, it has been quite an ordeal for me to get back into the saddle and write to you once again… In 2010, I was near my demise, and afterward, my oncologist told me that I had defeated death… Well, I had to recall my inner strength, and call on the Good Lord once again, as I had to defeat death once again… Seems that getting vaccinated for both Covid, and pneumonia wasn’t good enough for someone with a compromised immune system like mine… Let’s just say… I learned the hard way… But, here I am, still kicking, and screaming about stuff, just not as loud

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Traders Get The Memo That Inflation Is Soaring!

July 15, 2021

A Pfennig For Your Thoughts
July 15, 2021
* Currencies & metals both rally on Wednesday… * Is the Empire of Debt ready to come crumbling down? 
Good Day… And a Tub Thumpin’ Thursday to you! What a day yesterday! The sun was out, the sky was blue, the temps were hot, and we had visitors! When Darling daughter, Dawn, was in college, she met a young lady from Chicago, named Kat… Dawn and Kat were inseparable for those years, and Kat became one of our family, staying with us very often, instead of going home to Chicago. Columbia is only two hours down the road. Well, Kat is all grown up now, married and has two little boys, and they came to visit us! I loved seeing Kat again… And her boys? Well they left here tired and ready to sleep, we had worn them out, in the swimming pool! Tom Petty and

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New Zealand To End Bond Buying Program!

July 14, 2021

A Pfennig For Your Thoughts
July 14, 2021
* Currencies get sold on Tuesday* Strong inflation puts the dollar on the run in the overnight markets! 
Good Day… And a Wonderful Wednesday to you! The MLB All-Star Game was last night, and being a National League guy, I was hoping the NL would be able to stop the AL… But that didn’t happen, as the AL took an early lead, added to it later, and won the game… again! When I was a younger man, the NL won every year it seemed… But no more… No rain yesterday for us here in the middle of the country, and starting today, we should have some regular summer weather here without rain, that is until Friday… Which means I won’t be having a driveway happy hour on Friday, UGH! I started having driveway happy hours over a year ago, where we could all sit in our

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Irish Branded Gold Bars To Be Sold For The First Time!

July 13, 2021

A Pfennig For Your Thoughts
July 13, 2021
* currencies and metals fight back on Monday… * But the overnight markets beat them down again… 
Good Day… And a Tom Terrific Tuesday to you! What a show last night! The All-Star Game Home Run Derby, was quite the spectacle for my eye, don’t know about your eyes, but for my one lone eye it was quite the feast for a baseball lover like me! I should have known when I filled out my HR Derby Bracket, that the favorite, would not win… Congrats to The Mets’ Pete Alonso, for his repeat HR Derby Championship. I’ve watched the HR Derby every years since it began and this year’s Derby was the best, with the only challenge coming from the year Mark McGwire was hitting balls out on the streets of Boston! I think I’m over my virus that was shared with me by

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The IMF, BIS & World Bank Give The Thumbs Up For Digital Currencies…

July 12, 2021

A Pfennig For Your Thoughts

July 12, 2021

* Currencies and metals rally late last week
* But gave back those gains in the overnight trading… 

Good Day… And a Marvelous Monday to you! A rainy weekend for us here in the Mid west… And the last game before the All-Star Break between the Cardinals & Cubs was rained out… It was a quiet weekend, for yours truly, as I must have gotten a taste of Little Evie’s GI virus, on Friday night… All I’ve had to eat since has been saltines, and lots of Gatorade Zeroes… Well, I guess I owe you an explanation of what my MRI said… Well, the good news is that there was no sign of Cancer, or bleeding, but what they did find was this: Advanced sphenoethmoid sinusitis… I had to Google it to find out what it was, but apparently it was the cause of the

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Who’s Buying Dollars?

July 8, 2021

A Pfennig For Your Thoughts

July 8, 2021

* Currencies get sold on Wednesday… 
* Gold inches higher this week in daily trading… 

Good Day… And a Tub Thumpin’ Thursday to you! Before I get started on today, let me tell you that I’ve not heard from the doctor yet about what they found causing my head to ache like of sonofagun! I’m sure the radiologist didn’t get finished with their reading until late… So, today is the day… I’ve not taken anything for pain since Sunday morning, and either I’ve grown accustomed to the pain, or it has subsided by a lot… And that’s a good thing! Little Evie was here again yesterday, as she has a GI virus, and can’t go to Day Care… Yesterday, I didn’t get to spend much time with her, as I was preparing for my MRI… You know… showering, shaving, putting on

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Markets Hold Their Breath Waiting For The FOMC Minutes…

July 8, 2021

A Pfennig For Your Thoughts

July 7, 2021

* The Dollar Index surges on Tuesday… 
* The ISM Services Index falls out of bed in June! 

Good day… And a Wonderful Wednesday to you! Today is finally the day that I’ll find out what’s causing the excruciating pain, at times, in my head, as I report to the hospital at noon for an MRI of my brain. As I said, kiddingly last week, spoiler alert: They won’t find one! HA! The reason for this pain has been on my mind for 2 weeks now… Do you know all the horrible outcomes you can conger up in two weeks? Well, I’m here to say that I doubt seriously that it’s cancer related, for I’ve been on daily chemo for the majority of 14 years… And the short periods of time that I wasn’t on chemo, is when I had tumors in my left eye, and right mandible (jaw)… And

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The Housing Bubble Comes To The Midwest…

July 6, 2021

A Pfennig For Your Thoughts

July 6, 2021

* currencies have been stuck in the mud… 
* Oil price spikes higher… 

Good day… And a Tom Terrific Tuesday to you! Since this is the first Pfennig of July, Pfennig tradition calls for: There I was on a July morning, looking for love, with the strength of a new day dawning, And the beautiful sun….(Uriah Heep) What a marvelous weekend, weather wise, and good company, friends, family, and lots of sunshine… Normally this time of year, it’s so darn sweltering hot, steamy, humid, and unbearable outside, but not this year! Temps were warm, but not hot and a good time was had by all… the pain I’ve been dealing with in my head, is better… I had some bad days since we last talked, but I got through them, just like I’ve done with all the other health

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Bitcoin Mining Uses a Higher Mix of Sustainable Energy Than Any Major Country or Industry

July 5, 2021

On Thursday, HIVE Blockchain Technologies listed on Nasdaq (HVBT), providing U.S. investors access to Bitcoin and Ether mining.
As many of you know, HIVE became the first crypto miner to be traded publicly when it debuted on the TSX Venture almost four years ago. Its uplisting to Nasdaq, the world’s premiere tech stock exchange, represents the culmination of months of hard work by our team. I want to thank shareholders for their loyalty and patience.
That said, I believe the best is yet to come. We’re of the opinion that Ether 2.0 Proof of Stake (PoS) will take at least another two years before Ether mining is no longer financially attractive. That’s part of the reason why we’ve been expanding our enterprise cloud services focused on high-performance computing (HPC) workloads such as

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We’ve Heard These Claims From The Fed Before…

June 30, 2021

A Pfennig For Your Thoughts
June 30, 2021
* currencies drift on Tuesday… * Gold & Silver see the price manipulation again… 
Good Day… And a Wonderful Wednesday to you… I had an awful day yesterday with the pain in my head… I’m not one to subject myself to pain medication, but… There comes a point, where there’s no other choice, and that’s where I was yesterday afternoon… This morning is touch and go so far, so this may or may not be of regular length today… And quote frankly, I don’t think there’ll be a letter tomorrow, as I’m just not up to doing it, with all this pain in my head. That will send us into the 4th of July holiday weekend, with Sunday being the actual holiday, and Monday being the work week holiday… I have to wait until next Wednesday for my brain MRI… stupid people… And

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Yellen Talks About The Threat Of A Default…

June 29, 2021

A Pfennig For Your Thoughts
June 29, 2021
* Currencies drift on Monday… * Choppy trading in metals continues… 
Good Day… And a Tom Terrific Tuesday to you! Rain, rain please go away, Chuck wants to go outside and play! We’re stuck in a weather pattern that keeps these Thunderstorms popping up at any time, and brother have they brought the rain! And according to my trusty weather app, we’ve got 3 more days of this weather pattern. Well, my trip to the oncologist yielded the news that I’ve lost another 9 lbs in the last month since last seeing her… I told her, “I was wondering why my pants keep falling down!” I’m waiting for the scheduling dept. to call me to give me the appt. to have an MRI of my brain… (spoiler alert: they won’t find one! HA!) No seriously, I’ve been experiencing really

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Petrol Currencies Get Moving Upward VS The Dollar

June 24, 2021

A Pfennig For Your Thoughts

June 24, 2021

* Currencies couldn’t hold their Tuesday gains on Wednesday
* Silver is kept from closing over $26 once again… 

Good Day… And a Tub Thumpin’ Thursday to one and all! Well, my beloved Cardinals come home from a 6 game road trip having only won 1 game… They have to be the worst Cardinals team in 30 years! But the season isn’t 1/2 over yet, so there’s still time to turn things around… That’s me being the ever optimist here, in spite of what I see on the field each night… Oh, poor me, right? For once Chuck has to suffer through a losing season… HA! Another beautiful day here, warm, lots of sunshine, but that appears to be the last one for a few days that is… The weather app says rain the next 7 days.. UGH! I don’t believe it will be days full of

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The Fed Throws A Cat Among The Pigeons!

June 17, 2021

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!

June 16, 2021

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…

June 15, 2021

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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