Tuesday , April 13 2021
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Articles by Daily Pfennig

Currencies Post Gains Vs The Dollar…

11 hours ago

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

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Weekly Initial Jobless Claims Rise to 744,000!

5 days ago

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

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It’s Baseball’s Opening Day! YAHOO!

11 days ago

A Pfennig For Your Thoughts

April 1, 2021

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

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

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

12 days ago

A Pfennig For Your Thoughts

March 31, 2021

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

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

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He’s Baaaacccckkkk!

15 days ago

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

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It’s St. Patrick’s Day!

26 days ago

A Pfennig For Your Thoughts

March 17, 2021

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

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

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Up One Day, Down The Next… UGH!

27 days ago

A Pfennig For Your Thoughts

March 16, 2021

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

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

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The ECB Apes The Fed’s Bond Buying…

28 days ago

A Pfennig For Your Thoughts

March 15, 2021

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

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

OK… Well, Friday was

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

March 11, 2021

A Pfennig For Your Thoughts

March 11, 2021

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

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

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China’s Digital Currency Is Ready For Prime Time…

March 10, 2021

A Pfennig For Your Thoughts

March 10, 2021

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

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

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U.S. Dollar Soars Higher!

March 8, 2021

A Pfennig For Your Thoughts
March 8, 2021
* currencies & metals both get sold by the tuck load* What will the Fed do to limit the 10-year’s yield rise? 
Good Day… And a Marvelous Monday to you! What a weekend! Besides Saturday which had some rain, the weather was great, and youngest son, Alex, and girlfriend, Grace, enjoyed the warm sun and ballgames! My teams did not have good weekends… Mizzou and SLU lost their respective basketball games… I think Mizzou will make the NCAA Tournament, but SLU, is going to just miss making it… The Blues split a pair of games, but the way they lost the one game was disheartening, as they gave up a 3-goal lead… I should be hearing back today or tomorrow from my oncologist about my blood test last week… No worries, for me… The Rolling Stones greet me this

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Copper Continues To Reflect Inflation Fears…

March 2, 2021

A Pfennig For Your Thoughts

March 2, 2021

* Currencies & metals continued to get sold on Monday… 
* What’s the 10-year Treasury yield’s tipping point? 

Good Day… And a Tom Terrific Tuesday to you! What a day yesterday! Simply beautiful and we didn’t do much but relax in the sun! We ended the day with a trip to the Palm Beach Ice Cream Co. I didn’t partake since I’m supposed to be watching my sugar intake… But a fun day, Monday, was had by all! My St. Louis U. Billikens won their game last night, improving to 13-5… And the Blues played late last night out in Anaheim, so I had to check the score this morning… And I see that they won 5-4…  The Blues have really hit a bump in the road recently, with a lot of injuries, and losses… But two consecutive wins for them now, maybe has turned

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Currencies & Metals Get Whacked!

March 1, 2021

A Pfennig For Your Thoughts

March 1, 2021

*Dollar buying is strong once again… 
* The markets say no-mas on Treasuries! 

Good Day, and a Marvelous Monday to you! And Welcome to March! Well, I attended my first spring training game of 2021 yesterday, and my beloved Cardinals tied the game 4-4. In spring training they don’t play extra innings… I don’t want to jinx my beloved Cardinals, and I know it was only the first game of the year, but… It’s the same old thing with this team.. They can’t hit with runners on base… There! I said it out loud I sure hope they prove me wrong on that! It’s been a fun weekend with our guests here… Lots of good conversation and laughs to go all around! Los Bravos greet me this morning with their song: Black and Black… “I want my baby back… It’s grey it’s

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Yellen Disses Bitcoin…

February 23, 2021

A Pfennig For Your Thoughts
February 23, 2021
* Currencies & metals rally on Monday… * Chuck talks about “valuing the ball”… 
Good Day… And a Tom Terrific Tuesday to you! What a day yesterday! I sat out on the deck that overlooks the beach/ ocean, and read for nearly 3 hours! I wore a baseball cap most of the time out there in the sun, as my bald head has gotten enough sun this winter already! The “thaw” has arrived back home in St. Louis, and now they’ll have a couple of warmer days, followed by more cold, etc. That’s February in the Mid West! But down here in S. Florida? Well, how does sunny and 80 sound until the end of the month? I’m amped up for that! Our Blues can’t win when they wear those red jerseys… I’m just saying… James Taylor greets me this morning with his song: Shower The

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The Dollar Buyers Have Left The Room!

February 22, 2021

A Pfennig For Your Thoughts

February 22, 2021

* Currencies & metals are both back on the rally tracks!
* Sterling outperforming both euros and francs… strange days indeed! 

Good day… And a Marvelous Monday to you! Who’s sneaking around the streets of the city? Everyone knows is Windy… And that’s what it was here yesterday, gale force winds blew from daylight to moonlight, and oh was the ocean angry yesterday! The surfers loved it, but to me I look at when it gets all riled up like that and think, of being on a boat in the middle of that, and how I would be hanging on for dear life! It’s pitch dark outside right now, but I don’t believe I hear the wind howling like it was yesterday, so I’m good with that! Just like I was good with my beloved Missouri Tigers putting a halt to their

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PPI Surges Higher In January…

February 18, 2021

A Pfennig For Your Thoughts
February 18, 2021
* Currencies & metals continued to get sold on Wed.* Since the PPI print yesterday, the dollar is getting sold… 
Good day.. And a Tub Thumpin’ Thursday to you! With no games for me to want to watch last night, I began a hunt for something in my email archives… Believe it don’t, but I’ve been asked by the folks at Asset Strategy International to be on a virtual panel that they host quarterly… And of course I said “yes, I would be honored to be on that panel” When it gets close, I’ll be sure to give you all the link to watch it. I’ll be on with my publishers, and good friends, Mary Anne, and Pamela Aden. Kind of reminds me of when I used to get requests to speak all the time… Any way, they wanted a picture of me and a bio! Wait! What? I haven’t

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China Passes The U.S. As Europe’s Top Trading Partner…

February 17, 2021

A Pfennig For Your Thoughts

February 17, 2021

* A U-Turn in the Currencies & metals on Tuesday
* Chuck has a great 4-minute video for you to watch today… 

Good day… And a Wonderful Wednesday to you!… What has happened to my beloved Missouri Tigers Basketball team?… 10 days ago, they had moved up in the national standings to #10… And since that time they have lost three straight games, including their loss last night to Georgia… A team that they had beaten pretty handily earlier this season… My St. Louis U. Billikens played last night too, and they had little difficulty winning VS LaSalle.. We had a nice dinner last night with friends here, as two of them are headed back home today… Why? Why would anyone go back to those cold, frigid, frozen tundras, covered with snow? Me? I would

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Bond Yields Are Rising… A Sign Of Caution?

February 16, 2021

A Pfennig For Your Thoughts

February 16, 2021

* Currencies & metals have a rough end of the week… 
* But the overnight markets, last night, bring about dollar selling! 

Good Day… And a Tom Terrific Tuesday to you! Well, I sure hope you had a nice weekend… I’ve heard from folks back in the MidWest, and they didn’t have a nice weekend, as frigid cold temps and multiple inches of snow put the kyboshes on most Valentine’s Day celebrations… My darling daughter Rachel was kidding when she asked me yesterday if I missed the weather there, and I replied, “yeah, I miss it like the plague”!   It was sunny, a little breezy, and 80+ here yesterday… Now that, I can truly appreciate! I finished reading a book that I thoroughly enjoyed.. the book’s title is: The Spy and the Traitor, by Ben

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Currencies Continue To Drift…

February 4, 2021

A Pfennig For Your Thoughts
February 4, 2021
* Gold & Silver are getting sold this morning… * The waning years of the Empire of Debt? 
Good Day… And a Tub Thumpin’ Thursday to you! Another nice win last night from my beloved Missouri Tigers basketball team, and they beat Kentucky! They have a big challenge on Saturday, when they’ll play the number 1 team in the SEC, Alabama… I’ll be glued to the TV for that one! I really don’t know where the day went yesterday… I never left the condo, and wore a heavy jacket all day, for it was chilly in the condo… One of my condo neighbors brought me a piece of cheesecake yesterday, as his wife was worried about me… I put it in the fridge, because I can’t eat sweets, so it’ll be there for Kathy returns on Sunday. But that sure was nice of Gloria to be

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Silver Demand Remains Very Strong!

February 3, 2021

A Pfennig For Your Thoughts

February 3, 2021

* Currencies can’t find a bid or offer… 
* All hail, the almighty Mario Draghi, is back! 

Good day… And a Wonderful Wednesday to you! Another cold front has come this far south again, and yesterday, was downright chilly… 61 degrees… And today it’s not supposed to get any warmer, but then that will be it, the cold front will be gone, and warmer, regular weather will return… I’m always amazed when the temp drops this far south… Every Winter from 2001 to 2015, I spent a week in Orlando for the Money Show. Back then Alex was a young boy, and so we would either come early for the show or stay after the show, and go to the Amusement Parks with him… By Age 9 Alex could have had a job as a tour guide at Disney World! A lot of good memories, for

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Has The Attack On The Silver Shorts Petered Out?

February 2, 2021

A Pfennig For Your Thoughts
February 2, 2021
* Gold & Silver rally on Monday, get sold on Tuesday* Dollar Traders are between a rock and another rock! 
Good Day… And a Tom Terrific Tuesday to you! And It’s Groundhog Day! Well, we saw day one of the Reddit WSB folks go after the Silver shorts. But then the short sellers came back and pushed the price of Silver back below $30, for the day… This will be day two, I wonder what it has in store for us? No Mizzou, or St. Louis U., or Blues on TV last night, so I pulled out my current Harry Bosch Book and picked up where I left off… Then I decided to check the markets and see what there was that I could talk about today… And just about everybody and their brother was talking about The attack on the Silver Shorts… So, I’ll talk some more about that

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Silver Leaves The Station, Headed For Higher Ground!

February 1, 2021

A Pfennig For Your Thoughts

February 1, 2021

* Currencies have drifted since last Thursday.. 
* Will WSB go after the silver short sellers? 

Good day… And a Marvelous Monday to you! And Welcome to February! Well, I spent the weekend, basically in my recliner, as I was sick with stomach problems since Friday. Yesterday, I finally got brave and went out to the deck for a couple of hours to read. Thank goodness for that, as I hadn’t been in the sun for two days! It was a good weekend sports wise, as my beloved Missouri Tigers won their basketball game on Saturday, and the Blues won back-to-back, belly-to-belly games in Anaheim… Since I slept most of yesterday, it was no problem staying up to watch the hockey game last night! The moon was full this past weekend, and I love to watch it

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The Currencies & Metals Slide Downward Again…

January 28, 2021

A Pfennig For Your Thoughts
January 28, 2021
* not a good day for the currencies & metals… * Why don’t traders give two hoots about the Cartel’s balance sheet? 
Good day… And a Tub Thumpin’ Thursday to you! Yesterday morning, after sending out the Pfennig, I was really draggin’ the line, and closed my eye, and the next thing I knew I had slept until 11 am… it was “one of those days”… Then I got up, and went outside where it was full sun, and 85 degrees, I stayed outside for about 2 hours, and then decided it was time to get out of the sun! I heard the news yesterday oh boy… That my spring training buddies are bagging me this year… Which means that Kathy will have to go to all the games with me, and I can tell you right here, right now, that she will not enjoy that one iota! One game here

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It’s A FOMC Day!

January 27, 2021

A Pfennig For Your Thoughts

January 27, 2021

* Currencies gain on Tues, but give back gains overnight
* Gold can’t find terra firma since last Wednesday… 

Good day, and a Wonderful Wednesday to you! After the double win by the Tigers and Blues on Saturday night, they weren’t able to duplicate that last night with a win by the Blues VS Vegas and a loss on the road by the Tigers, VS Auburn… It was another night of watching one game on the TV and the other on my phone… The NHL is playing a condensed schedule this year to cut down on travel, So the Blues will play Vegas again tomorrow night… Strange season so far, with all these back-to-back games VS the same opponent. But, at least they are playing! Another beautiful day here with a high of 83… Another one of those is in store today,

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Currencies & Metals are Adrift At Sea…

January 26, 2021

A Pfennig For Your Thoughts

January 26, 2021

* Stephen Roach is committed to his call of a weak dollar!
* Chuck navigates through the landmines… 

Good Day… And a Tom Terrific Tuesday to you! Well, it was pointed out to me yesterday, that I mistyped the A$ price yesterday… Fat fingers are to blame! Seriously, sorry about that, I usually go over them after typing them but I must’ve just breezed right by the A$ mis-price yesterday… For A$ holders, I didn’t mean to cause heart palpitations! This is day 5 of my two weeks alone here… I’m surviving! HA! My former colleagues, Jen, and Christine, used to say that men couldn’t survive alone without their wives… So, every time Kathy goes away, and leaves me alone, I think of them… And Laugh! I had to go to the pharmacy yesterday, and it was the

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Virus Outbreak In China Pushes Commodity Prices Down…

January 25, 2021

A Pfennig For Your Thoughts

January 25, 2021

* Currencies push against the dollar bugs… 
* Gold bounces in the early trading today… 

Good Day… And a Marvelous Monday to you! Well, Congratulations to the Tampa Bay Bucs, and the K.C. Chiefs  for winning their respective conference championships, and will play in this year’s Super Bowl in two weeks… And Saturday night was a “double winner” for me, as my beloved Missouri Tigers won their basketball game beating # 6 Tennessee, and our Blues won too! I had the Blues on the TV and the Tigers on my phone… We had some beautiful weather this past weekend, as I was left alone for the next two weeks… But that didn’t change what I do each day and night! I watched the St. Louis weathercast last night, and they were fretting about snow and ice for

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Currencies Rally Overnight…

January 20, 2021

A Pfennig For Your Thoughts

January 19, 2021

* Is the dollar buying over?
* Chuck explains Gold manipulation… You don’t want to miss this! 

Good Day… And a Tom Terrific Tuesday to you! How was your 3-day weekend, that is for those of you who got to have a 3-day weekend? It was a good thing that I had scheduled yesterday a day off last week, because I woke up in the middle of the night (Sunday night) with woeful stomach problems, that carried on into the morning… Chemo does this to me every now and then, and when it does, the only thing I can do is sleep… And so after being up for an hour yesterday morning, I went to my recliner and fell asleep for the next 5 hours… Woke up, got out of bed, ran a comb across my head (Beatles), and felt much better… My stomach is till shaky, but I’m

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Short Sellers Achieve Their Goals….

January 14, 2021

A Pfennig For Your Thoughts
January 14, 2021
* Gold & Silver get sold once again on Wednesday* A Big day of economic data tomorrow, will the markets care?
Good Day… And a Tub Thumpin’ Thursday to you! The sun did make a short time appearance yesterday, as clouds owned most of the skiy for most of the day. It’s important to the Florida Chamber of Commerce that the sun made an appearance (for about an hour). That way the Chamber gets to count it as a day with sunshine. They love to call out the number of days with sunshine that they have in a year… I woke up this morning with a sore throat, and I don’t think it came about because I yelled at the walls yesterday! Earlier this week I woke up with an ear ache, but that lasted one day… I’m hoping this dryness in my throat also lasts just one

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How Many Dollars Will Be Printed For Stimulus?

January 13, 2021

A Pfennig For Your Thoughts

January 13, 2021

* Gold, Silver & euros bounce back on Tuesday
* Pound sterling defies logic… but is the opposite the new norm?

Good Day… And a Wonderful Wednesday to you! I experienced my first day down here this winter without sunshine yesterday, as it was cloudy all day… Back home I hear it was a sunny, warmer than usual, day… So good for them! Yesterday, I didn’t spend enough time on Congratulating the University of Alabama and their college football Championship… What an offense they displayed every game all year long! Ohio St. didn’t have an answer for Denvonta Smith… The Heisman Trophy Winner, and rightfully so! And since Alabama is in the SEC, (like Missouri) I root for them when they aren’t playing Mizzou! The late great, Leon Russell greets me

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What’s Going On With Mnuchin’s Slush Fund?

January 12, 2021

A Pfennig For Your Thoughts
January 12th, 2021
* Dollar/ euro gets most of the action on Monday* When will traders wake up and smell the coffee? 
Good Day… And a Tom Terrific Tuesday to you! Last nigh, watching the College football championship game, I thought early on, that two BIG 12 teams were playing, as no defense was being played at first… But then the cream rose to the top… It was late last night, the game seemed out of reach, and so I locked up and went to bed, not staying awake and feeling bad about it this morning! Congrats to Alabama… An executive decision, ha! Today is the birthday of my oldest son, Andrew… More on that in the closing today… The Beatles greet me this morning with their song: Norwegian Wood… I once had a girl, or should I say she once had me…. 
Well, let’s see…

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