Wednesday , April 1 2020
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Articles by Daily Pfennig

Remembering The Orlando Money Show, Circa 2011

17 hours ago

A Pfennig For Your Thoughts
March 31, 2020
* Dollar bugs fight back in the overnight markets… * Is This All Chuck crying wolf again?
Good day… and a Tom Terrific Tuesday to you! Well, day, whatever, of our self quarantine… The sun was much warmer yesterday, thank goodness, so I sat outside reading, eating lunch, and just enjoying the day… If I had sat outside that long in Florida, I would be sporting some red sun burn… but not here! The Missouri Sun is not as intense! Man I really wrote a lot yesterday! I think that today’s could be just as long, as I’m so frustrated with the lack of fundamentals… And I received a phone call from an old friend yesterday, I bet you can’t wait to see who it was the called me! HA! The Beatles greet me this morning with a beautiful song that’s just perfect for

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All Heck Breaks Loose!

1 day ago

A Pfennig For Your Thoughts
March 30, 2020
* Currencies finish the week on a high note!* Chuck tries to make heads or tails of what’s going on…
Good Day… And a Marvelous Monday to you! Well, after visiting the Port St. Lucie Wound Center on Thursday, and seeing that the graph they had put on my leg wound, had taken, and they were happy as a lark about it, but then learned that they were shutting down the center, and I would have no where to go from there, I decided to rent a car and drive home…. So, we rented a large SUV and carted back tons of stuff that we would need in our little river town home. It took 17 hours of driving but I was up to the task! I did 14 hours on Friday, and finished it up with 3 hours on Saturday morning. We then dropped off the rental, and hunkered down in our

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Congress Finally Passes A Stimulus Plan….

7 days ago

A Pfennig For Your Thoughts

March 25, 2020

* Currencies, can’t add to Tuesday’s gains… 
* Chuck tells us the history of stimulus plans…. 

Good day… And a Wonderful Wednesday to you! I had a so-so day yesterday, having to remain inside for most of the morning to answer email, etc. But by noon, I was outside in the sun, soaking up Vitamin D, and baking any remnants of the Coronavirus out of me, that is if there were any to begin with! I figure a guy like me with my health history, I’m a walking time bomb for this virus…. It’ll get me sooner or later. I’m hoping for later as I read last night that Doctors are having great success treating COVID-19 patients with a drug called: Hydroxychloroquine used in combination with Zithromax. And some are having success with just the

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Throwing The dollar Under A Bus….

8 days ago

A Pfennig For Your Thoughts
March 24, 2020
* Currencies finally show some life on Monday… * Chuck thinks this is currency intervention 2.0….
Good day… And a Tom Terrific Tuesday to you! Well, the nurse at the wound center cut off my soft cast, and looked at the graph and said, “it looks great, you’ve had very little drainage to mess with it, and I’m looking forward to what the doc has to say on Thursday…. I was greeted at the wound center by a nurse with a forehead laser thermometer. I was told to stand still, so they could take my temperature. If I had a temp at 100 or above, I was to turn around and go home…. So, having passed the initial test, I then proceeded to the waiting room, only to find one chair… All the other chairs had been removed…. So, I would be the only one in the room! I

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Waiting To Hear About Our Stimulus Package…

9 days ago

A Pfennig For Your Thoughts
March 19, 2020
* Dollar bugs continue to hold the conn… * Chuck’s spider sense is tingling….
Good Day… And a Marvelous Monday to you… Yes, I’m still here, writing to you from S. Florida, where we haven’t seen anything other than sunny, blue skies with temps in the 80’s for 10 days, and the forecast for the next 10 days, doesn’t change! Unfortunately, I may be going home sooner than I had planned (April 4). My wife is very concerned about me and my health right now and wants to get me home asap…. I’m fighting her tooth and nail, to remain here where the sun is raining down on us daily… But, I see her logic, as I don’t really have any doctors down here, other than the wound center doctor, and if I were to get sick with this virus, it would be better for me at

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Even Bonds Got Sold Yesterday!

14 days ago

A Pfennig For Your Thoughts
March 18, 2020
* No reserve ratio required at banks any longer….* Gold continues to get manipulated in price…
Good Day… And a Wonderful Wednesday to you… I hope that everyone is staying healthy, washing their hands all the time, and keeping distance from other people that you don’t know. Everything is closing around us, as I told you yesterday, we even have a curfew down here in S. Florida! But that didn’t keep me from sitting out on my balcony with my Bose wireless speaker blasting Sirius XM 60’s on 6 last night until everyone else went to bed! I know the words to most of those 60’s songs, and I sing along at the top of my lungs to them! I’m sure the other condo occupants were wondering what sick cat was singing last night, but I don’t care! It was a great St.

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The Dollar Bugs Keep Kicking Sand In The Faces of Currencies and Metals

14 days ago

A Pfennig For Your Thoughts
March 17, 2020
* The Coronavirus has basically shut down the Chinese economy!* Another engineered price takedown of Gold yesterday…
Good Day… And a Tom Terrific Tuesday to you! And a Top o’ the mornin’ to ya, as it’s St. Patrick’s Day! I was talked down from the ledge yesterday, but I’m still of the opinion that the National Guard is going to have to mobilized in order to keep us in our houses to stop the spread of this disease. I’m down in S. Florida, and have the feeling that domestic travel is going to be out of the question as I am scheduled to go home to St. Louis on April 4… At that time we’ll have to make a family decision on whether we want to remain here, or drive home. I do keep a car here all the time, so we wouldn’t have to rent one to drive back.

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The Fed Slashes Rates To Near Zero!

16 days ago

A Pfennig For Your Thoughts
March 12, 2020
* The Fed also implements a bond buying program! * And Morgan Stanley says, “it’s Time to sell dollars!”
Good Day… And a Marvelous Monday to you! Well, everything is shutting down, schools, baseball, all sports for that matter, social groups of 250 or more, it’s beginning to look very ugly folks… Is this the turning point where the Gov’t declares Marshall Law, and the National Guard moves in to make sure we all stay at home? It’s beginning to look that way to me… I don’t want to be a gloom and doom guy, but this is all very frightening to me… I’m trying to remain calm and keep doing normal things, but… I see big black cloud moving toward our country from China, and it’s quite ugly! Shoot, I’m so worried now that I really am having thoughts about

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The Boys In The Band Show Up Monday! UGH!

February 25, 2020

A Pfennig For Your Thoughts
February 25, 2020
* Gold gives back $30 of its Monday gains, but still records a profit!* The dollar bugs still have the conn over the currencies…
Good day… And a Tom Terrific Tuesday to you! Another chamber of commerce day, weather wise, here yesterday.. I hear word of a cold front moving through this coming weekend. UGH! It’ll be sunny and 84 for the baseball game today, so I’ll be getting out the SPF! We received some sad news yesterday, our friends from Houston, that were here, learned that his mom had died. So that ended their Spring Training trip for this year, and brought back sad memories for me from 2017, when I had to leave Spring Training to fly home for my sister’s memorial service. (I still miss you Barbie doll 🙁 ) Def Leopard greets me this morning

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A Global Flight To Gold & Treasuries Is Here!

February 24, 2020

A Pfennig For Your Thoughts
February 24, 2020
* Gold soars on Friday and this morning! * Dollar is still well bid VS most currencies…
Good Day… and a Marvelous Monday… Next week, I’ll be on vacation, my annual spring vacation from writing, so this is just a warning! Well, Spring Training games finally began for me on Saturday. I had my annual emotional moment when I come up the stairs onto the concourse level and see the plush green field for the first time each year. I know in my heart of hearts that it’s only by the grace of God that I get to attend spring training each year, and so it was on Saturday, that I got to smell the hot dogs grilling, the popcorn popping and the beer guy selling his beer. And I thought to myself, Man, you are a lucky person, Chuck… My beloved Cardinals won

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Gold Gets Firmly On The Rally Tracks!

February 19, 2020

A Pfennig For Your Thoughts
February 19, 2020
* dollar bugs continue to slice and dice the currencies… * But I did tell you this could happen this week, and to batten down the hatches!
Good Day… and a Wonderful Wednesday to you! Another beautiful day here yesterday, unfortunately, for me, I was unable to get outside until late afternoon… It was one of those days, when I can’t seem to wake up, so I slept… And slept… and slept… What the body wants, it needs to get is what I say! I missed dinner, and by the time I woke up, it was too late to eat it, so… I had some soda crackers and a Gatorade and called it dinner. We have company coming to stay with us on Friday, so I had better get this out of my system now! Did you know that chemo stays in your system for up to 4 weeks? I do… unfortunately!

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When Will Safe Havens Be Bought?

February 18, 2020

A Pfennig For Your Thoughts
February 18, 2020
* dollar bugs continue to put pressure on the currencies * Jim Grant says the Fed is now the lender of first resort… Oh my!
Good day… And a Tom Terrific Tuesday to you! In case you’re wondering about me, my visit to the wound center yesterday, was good, as more healing is taking place. On Mondays I don’t see the doctor, instead seeing a nurse who changes the soft cast on my leg. But I can see it healing, finally! It was a true Chamber of Commerce day here yesterday, and I spent a good amount of my day outside, under an umbrella. I know when my spring training buddies show up next week, they’re going to question where my tan is… But the chemo I take causes me to be very susceptible to the sun’s rays, and I would have sun burn in a matter of

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Batten Down The Hatches & Look For Bargains…

February 17, 2020

A Pfennig For Your Thoughts
February 17, 2020
* Dollar bugs take a cent of the euro’s value on Friday! * Gold reaches a record high VS the euro!
Good Day… And a Marvelous Monday to you… As usual, I’m getting this done very early this morning so I have time to get north for a doc appt. Well, we had been having a nice run of sunny, warm weather here, but a cold front moved through this weekend, and the temps have only climbed to the mid 70’s… HA! That’ll go back to sunny and 80 by week’s end… Second day of Spring Training and the Cardinals already have reported an injury to a pitcher… UGH! It seems that every spring this happens… The full squad reported yesterday, although the starting infield has been here working with the great instructor, Jose Oquendo… Brewer & Shipley greet me this

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What Was Powell Really Telling Us?

February 12, 2020

A Pfennig For Your Thoughts

February 12, 2020

* Currencies, except for a few, can’t find a bid… 
* Gold is struggling to maintain its level this week… 

Good Day… And a Wonderful Wednesday to you! I can’t even begin to describe how serious it was last night in Anaheim, when Blues defenseman, Jay Bouwmeester collapsed on the bench, and had to have medical attention and then carried off on a stretcher.. It happened during a TV time out, so the announcers didn’t know what was going on… I went to bed right afterward, saying a prayer for the Blues defenseman. The game was cancelled… On a lighter note… It was a real Chamber of Commerce day here yesterday, as we grow nearer to Spring Training games, where a friend of ours and former Spring Training buddy, used to always say, that every day

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What Was Powell Really Telling Us?

February 12, 2020

A Pfennig For Your Thoughts

February 12, 2020

* Currencies, except for a few, can’t find a bid… 
* Gold is struggling to maintain its level this week… 

Good Day… And a Wonderful Wednesday to you! I can’t even begin to describe how serious it was last night in Anaheim, when Blues defenseman, Jay Bouwmeester collapsed on the bench, and had to have medical attention and then carried off on a stretcher.. It happened during a TV time out, so the announcers didn’t know what was going on… I went to bed right afterward, saying a prayer for the Blues defenseman. The game was cancelled… On a lighter note… It was a real Chamber of Commerce day here yesterday, as we grow nearer to Spring Training games, where a friend of ours and former Spring Training buddy, used to always say, that every day

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Powell Heads To Capital Hill For Back To Back Testimonies…

February 11, 2020

A Pfennig For Your Thoughts

February 11, 2020

* Dollar bugs take a pound of flesh from the euro
* Oil countries are talking about more production cuts… 

Good Day… And a Tom Terrific Tuesday to you! Another night of watching the Super Moon rise up over the ocean, last night… Only this time there was a thick marine layer of clouds and we didn’t see the moon until it was higher in the sky… No sports from my teams that I follow, was on TV last night, so I tried to watch shows that really could not hold my interest… Silly and not real, would be my description of them. I read last night that the St. Louis Battlehawks, the XFL team that played on Sunday, received the highest TV rating among XFL teams… The game was on here, and I watched some of it… Reminds me of what I would call, “graduates

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The Dollar Bugs Dance In The Streets Again!

February 10, 2020

A Pfennig For Your Thoughts
February 10, 2020
* Currencies give back their gains after jobs report… * Jerome Powell to testify to Congress twice this week!
Good Day… And a Marvelous Monday to you! A nice warm weekend down here in the south, but with lots of wind, making it difficult to be at the beach… I know, I know, these are not 3rd World problems! Our Blues lost again Saturday night after leading 2-0… UGH! They’ve gotten into a real rut, and need to pull themselves out of it soon! My beloved Missouri Tigers beat Arkansas in basketball on Saturday, while the St. Louis Univ. Billikens lost to Dayton… We celebrated the Super Moon rising up over the ocean last night with some condo friends… A fun time was had by all! I have to go north again this morning (every Monday and Thursday for the

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PBOC Takes A Huge Chunk Of Renminbi!

February 4, 2020

A Pfennig For Your Thoughts
February 4, 2020
* Currencies for the most part drifted yesterday… * Chuck explains Gold Swaps/ leases…
Good Day… And a Tom Terrific Tuesday to you! Another Chamber of Commerce Day here yesterday… I wasn’t feeling 100%, or even 75%, but I struggled to get outside, and the sun sure felt good and warm. Just how I like it! I believe that the chemo that I take daily, has gone bad on me… I’m continually fighting stomach problems, while the tumor in my mouth remains unchanged in size… I went to dinner last night with my good friend, “Martini Gus” and I had to have ½ of a “petit ribeye” wrapped to take home, because I almost became violently ill, but drank a lot of ice water, and got through it… My appetite is going to the wayside, I can’t put anything that has

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Britain Finally Leaves The European Union!

February 3, 2020

A Pfennig For Your Thoughts
February 3, 2020
* Currencies, Gold, and bonds all rally on Friday… * Chiefs win the Super Bowl!
Good Day… And a Marvelous Monday to you… Congrats to the Kansas City Chiefs as they won the Super Bowl last night! NFL Champions! I was rooting for K.C. all the way… Hey! They’re a Missouri Team! On the Eastern border of the state, we don’t claim them for baseball, but for football they’re all ours! (since the Rams left town that is!) I’m heading north to Port St. Lucie again this morning, so this should be shorter than usual, but… stranger things have happened! And yesterday was Ground Hog Day, and Phil didn’t see his shadow, which means an early spring… Ground Hog Day is also one of my fave movies… The Cure greets me this morning with their song: Lovesong…
The

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Safe Havens Are Back!

January 30, 2020

A Pfennig For Your Thoughts
January 29, 2020
* Currencies attempt to climb up on the rally tracks!* FOMC and BOE leave rates unchanged…
Good day… and a Tub Thumpin’ Thursday to you! Did you miss me yesterday? HA! Well, I’m just conditioning you for the week of March 2 thru March 6, when I will be out of the writing business and having a good time with my Spring Training buddies on my annual spring vacation. I know, I know, it gets earlier every year, but I think I’ll draw the line in the sand here…. I had a better day yesterday after my wound center visit, but I was still in pain, just much more manageable… I told the doctor that I would not allow them to put the pasty medicine on my wound again! I put my foot down, and it worked! Billy Joel greets me this morning with his song: Stranger…

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Chuck Thinks the ESF and PPT Are Working Overtime!

January 28, 2020

A Pfennig For Your Thoughts
January 28, 2020
* Currencies can’t find a bid these days… * Gold gives back yesterday’s gain…
Good Day… And a Tom Terrific Tuesday to you! Well, my trip to the wound center left me in near tears again… They tell me it’s healing, but… why then does it hurt so much when they dress it? I go back tomorrow, as they want to see me quickly and not wait until the usual Thursday date. So, no Pfennig tomorrow… But I promise I’ll be back on Thursday, God willing! I learned last night that 100 people have been tested for the coronavirus and only 5 have tested positive, so… so far, no mass spreading here like in China. That doesn’t mean we should let our guard down… I could kick myself, because I didn’t practice safety the other day. I shook the hand of a friend I hadn’t

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Safe Havens Come Bank With A Vengence!

January 27, 2020

A Pfennig For Your Thoughts
January 27, 2020
* Currencies have an awful day on Friday… * Gold is kicking tail and taking names later!
Good Day… And a Marvelous Monday to you! As I left you last week, I said I didn’t know if I would get a letter out today, as I have an early appt. at the wound center this morning. But… I was able to get a lot of my thoughts down last night, and so, only the overnight markets are left for me to peruse and write about today… We had some real Chamber of Commerce weather here this past weekend, after the cool, rainy, dreary 3 days of winter passed. So I have that going for me! Billy Paul greets me this morning with his song: Me And Mrs. Jones… Well, she’ll go her way, and I’ll go mine, tomorrow we meet the same place the same time….
OK, time is of the essence!

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Feeling Like It’s 1999 All Over Again…

January 23, 2020

A Pfennig For Your Thoughts
January 23, 2020
* Currencies and metals have little movement on Wednesday* Ray Dalio, Paul Tudor Jones, and Jan Nieuwenhuijs talk to us today!
Good Day… And a Tub Thumpin’ Thursday to you! I’m headed north 50 minutes from here after I get this out the door, to the wound center. My Billikens played an awful game last night at Davidson, a team they should have beaten by 10. Old Man Winter is now gone from down here… 3 days at we’re back to sun and near 80 today… I received an email from a dear reader yesterday… He told me that I had “knocked the ball out of the park” with yesterday’s letter… Now that made me feel good! But now I have pressure to do it again! And much like baseball players, I’ll be doing good to get it to that level 3 out of 10 times, but shoot

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A Bad Day For Currencies, Metals and Oil…

January 22, 2020

A Pfennig For Your Thoughts
January 22, 2020
* Dollar bugs tear off the scab once again… * Retail Sales revisions tell a different story…
Good day… And a Wonderful Wednesday to you! Old man winter came this way on Monday night, and will exit tomorrow… In the meantime I spent most of yesterday outside in the sun, soaking up vitamin D, and reading… I know I’ve said this before, but I love to be outside! Congratulations to Derek Jeter, and Larry Walker who will join Ted Simmons in Cooperstown this summer. Ted Simmons spent most of his career as a Cardinal and is already a Cardinals Hall of Famer, and Larry Walker spent his last two years in baseball with the Cardinals… You know, back when the Cardinals’ GM had the intestinal fortitude to make a mid-year trade to better the club… I’m just

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Palladium Is On A Runaway Train!

January 21, 2020

A Pfennig For Your Thoughts

January 21, 2020

* Currencies rebound from selling last week
* Gold continues to have good days and bad days… 

Good day… And a Tom Terrific Tuesday to you! Seems like it’s been eons since I last wrote to you dear reader, but it’s really only since last Thursday! Since then, the two teams that will play in the Super Bowl were determined (K.C. and S.F.), and all I can say about that is Go Chiefs! Hey! They’re a Missouri Team… And wouldn’t it be cool if they won the Super Bowl 50 years after last winning it, after the Blues won their first Stanley Cup 50 years after last playing in the final? Our Blues have shut down for the All-Star Week, and they have 4 members that will be on the All-Star Team! My son, Andrew and I attended the skills competition, the last

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Where’s The Mousetrap?

January 16, 2020

A Pfennig For Your Thoughts
January 16, 2020
* Currencies continue to inch upward on Wednesday…* Chuck & Dennis talk… that’s not a good thing for the Fed!
Good day… And a Tub Thumpin’ Thursday to you! It’s been awhile, with the holidays and vacations, since I wished you a Tub Thumpin’ Thursday! But here I am… I’m ready to rock you like a hurricane! I could get in trouble down here saying that “h” word… They’re very sensitive about that here on the east coast! Well, I made my way to the barber yesterday for a head and face shave… It was not what I expected the experience to be, but I got what I came for, so no problemos! I had never had a barber shave my face before… I like it and will return on a regular basis! The band Montrose greets me this morning with their song: Rock Candy…
The

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What Did China Give Up To Get The Currency Manipulator Tag Dropped?

January 16, 2020

A Pfennig For Your Thoughts
January 15, 2020
* Another day of no movement, but overnight changed that! *Jim Rogers joins us for our daily discussion this morning!
Good day… And a Wonderful Wednesday to you! Another day, another day of nothing happening in the currencies… We’re at a standstill here, just like we were a couple of weeks ago, when I told you that traders are thinking that they shouldn’t be holding dollars, but they can’t think of a currency they would want to own instead, right now… It was at that time that I suggested the Russian ruble, but apparently, they are still stuck in the cold war era when it comes to Russia… So, with that out of the way for today… The band Nazareth greets me this morning with their song: Holiday… Momma, momma please no more facelifts, I don’t know

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U.S. Removes “Currency Manipulator” tag from China

January 14, 2020

A Pfennig For Your Thoughts
January 14, 2020
* Currencies move sideways throughout the day and night… * Gold gets whacked again! UGH!
Good Day… And a Tom Terrific Tuesday to you! A not so great night, as LSU beat Clemson in the NCAA National Championship Game last night. I say that because my good friend, Rick B. is a diehard Clemson fan… But our Blues won! And extended their new winning streak to 4 games, all at home, with one more home game in this 5-game homestand… I got to my wound center appointment with a few minutes to spare yesterday, and was in and out in record time! Thursday’s visit won’t be like greased tracks but at least I know what to look forward to! So… What’s on your mind today? Mine is blank because of staying up too late to watch the football game. UGH! This is when I

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Last Monday’s Euphoria Has Faded Away…

January 13, 2020

A Pfennig For Your Thoughts
January 13, 2020
* The dollar comes back with a flurry of punches! * 2020 begins with the same “Opposites trading pattern”… UGH!
Good Day… And a Marvelous Monday to you! Did you watch the Kansas City / Houston playoff game yesterday? WOW! Down 24-0 the K.C. Chiefs came back to win and score 51 points! What a turn around! Before that one, the only one that compares was the old Buffalo / Houston playoff game with Buffalo using their second string quarterback to comeback from a large deficit to win… That was quite a few years ago now… Well, did you hear that the Iranians were blaming the U.S. for them shooting down that passenger plane last week? Strange, but true… Grasping at straws… Oh, I have a correction to something I typed last week, I said that the

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Geopolitical Problems Arise, One Of The Reasons To Own Gold…

January 9, 2020

A Pfennig For Your Thoughts
January 8, 2020
* Currencies fall back as the dollar rebounds…* Gold soars with the eagles but gets grounded with the turkeys!
Good day… And a Wonderful Wednesday to you! My travel day yesterday went along OK, until… my stomach began to revolt on me… UGH! But we made it here, to S. Florida, to our 2nd home… And I’ll be here until April… I was a happy camper again once we got outside here, and it was sunny and 75… I love warm weather! Well, Gold soared briefly yesterday, as the Iranian retaliated for the airstrike on them last week. Not that I want to see war escalating, but this is one of the reasons you own Gold! So, more on that today, and talk about what happened to the short-lived currency rally… So, pull up a chair, grab a cup of joe… and let’s go! The

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