Tuesday , January 19 2021
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Articles by Daily Pfennig

Short Sellers Achieve Their Goals….

5 days ago

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?

6 days ago

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?

7 days ago

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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Gold Cries Uncle!

8 days ago

A Pfennig For Your Thoughts

January 11th, 2021

* Currencies get sold on Friday…
* U.S. Data last week was ugly… 

Good Day… And a Marvelous Monday to you…. Well, are you suffering from Football playoff games withdrawal this morning? 6 playoff games this past weekend… Crazy… And the College National Championship Game tonight! I have just a passing interest in the NFL, and on Saturday, I had forgotten about the games being played until it was 8 o’clock at night! The NFL players turned me off to watching them a couple of years ago, and my interest in the games has never really come back. I’m rooting for Alabama in tonight’s game VS Ohio St. I for one, didn’t think that OSU should be included in the final 4, since at that point they had only played 6 games… Not their fault, but still… Try

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The Dollar Bugs Fight Back!

11 days ago

A Pfennig For Your Thoughts
January 7th, 2021
* Gold sees another engineered takedown* Currencies lose ground to the dollar on Wednesday… 
Good day… And a Tub Thumpin’ Thursday to you! What a scene yesterday from the Capitol… I’m not going to say any more about that because I don’t want to be accused of talking politics… Of course I don’t really know what is construed as politics any longer, since last week all I said was, that McConnell had nixed the $2,000 checks… And I got told to shut the *&^( up about politics! OK… Have you ever gotten to the point where you know you’re right but everyone keeps telling you you’re wrong, and you get so frustrated that you want to lash out? I’m just wondering if that’s ever happened to you? It happens to me all the time, and in my younger days, when I

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Tuesday Was “Moving Day”….

13 days ago

A Pfennig For Your Thoughts

* The euro finally breaches 1.23!
* Oil price trades above $50…. 

Good Day, and a Wonderful Wednesday to you! Thanks to all who sent along a note yesterday, confirming something that I already knew… That you dear Pfennig readers, are the best! OK, tried to stay awake for the Missouri Tigers basketball game VS Miss. St. last night, but one thing you learn when you come from west of the East Coast… The time difference doesn’t seem like much, but a game that starts at 8 back home, comes on at 9 here, which means it doesn’t end until 11…. UGH! I read this morning that they blew their halftime lead, and lost the game… UGH! What a beautiful day here yesterday! I do believe a “cold front” will be coming through this weekend, and the highs will only be in the mid

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The Dollar Ends The Year On A Sour Note…

19 days ago

A Pfennig For Your Thoughts
December 31, 2020
* Currencies & metals have a good week * McConnell plays the part of the soup Nazi… 
Good Day… And a Tub Thumpin’ Thursday to you! It’s New Year’s Eve! Well, I’m here in my winter home once again… I left rainy, chilly St. Louis yesterday morning, and arrived here a few hours later, and it was partly sunny and 80! My kind of weather! Well, President Trump’s $2,000 offer of checks to be sent to citizens, was shot down by the Senate… So… no $2,000 check for you! So, when did the Senate get a coming to Jesus nerve and turn down spending money we don’t have to spend? Ok, did you have a Great Christmas? Mine was good… family gathered like we do every year… And the little kids… I simply loved watching them! Last Wednesday, the grandkids, sans little

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Chuck’s Christmas Pfennig…

26 days ago

A Pfennig For Your Thoughts

December 24, 2020

Good day… And a Merry Christmas Eve to you! Just a quick note before he head to the Christmas letter… I’m so distraught over the new so-called Covid Response Relief Package… All the pork that’s in it… I know it’s Christmas Eve, but I’m going to fire off a note to my congresswoman, and let her know that this is NOT what We The People are asking for, and expecting! And with that, Have Yourself A Merry Little Christmas is playing, and that about sums it up for me…

It’s Pfennig Tradition, that I put together a Christmas eve letter for all my dear readers, and so with no further ado…

T’was the night before Christmas
And all through the house
The occupants were congratulating each other
For their stimulus, but not me
I’m such a grouch!
The debt

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The Stimulus Bill Funds Mnuchin’s Slush Fund…

27 days ago

A Pfennig For Your Thoughts
December 23, 2020
* The dollar rallies on Tuesday…* But the rally sure smells like yesterday’s fish… 
Good day… And a Wonderful Wednesday to you! I realized it this morning as I typed the date, that I’m usually already on vacation and I don’t recall the last time I wrote on December 23rd! So, you’ll have to help me through today, for this is unchartered waters for me! HA! Another new book arrived yesterday, it’s titled: Slanted, by Sharyl Attkisson, it’s about how the media became so slanted / biased and worthless in my opinion… I’ll save that one for the plane ride next week… Beegie Adair plays her piano and her trio does their version of the song: What Are You Doing New Year’s Eve? to greet me this morning… 
Just what the heck was going on in the markets

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The Dollar Returns To The Chopping Block

28 days ago

A Pfennig For Your Thoughts
December 22, 2020
* One and done for dollar strength… * It’s the same-o, same-o, trade with China… 
Good Day… And a Tom Terrific Tuesday To You! Well, yesterday was… Monday, Monday, can’t trust that day… And it proved to be just that! More on that in a minute… I don’t know about you, but the Big Build Up of Christmas this year, just isn’t there for me… I love the Christmas season, and what it does to people, but, without being out and about with people, I can’t tell if the Christmas spirit has touched them or not… Did you hear that some dimwit on CNN said that we should cancel Christmas? Man, it is a good thing I don’t watch CNN, or else I would have been screaming at the TV, and the neighbors would be calling the gendarmes, and the men in white suits to come

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The Dollar Bugs Fight Back!

29 days ago

A Pfennig For Your Thoughts
December 21, 2020
* Dollar buying looks like CB intervention to Chuck* Silver outperforms Gold, Platinum, and Palladium! 
Good Day… And a Marvelous Monday to you! I won’t say that again until Jan.4, 2021… (My dad’s birthday)… These last couple of Pfennigs going into Christmas will be chock-full-o- stuff, for you to read while I’m on my traditional winter vacation… Well, my beloved Mizzou Tigers laid an egg in Starkville, MS. Last Saturday. UGH! But they impressed someone because they have accepted an offer to play in the Music City Bowl, In Nashville, Dec. 30th… So, congrats to coach Drinkwitz and his team. I also watched my good friend Rick’s alma mater, Clemson, destroy Notre Dame, which was delightful for me! I have always rooted for whomever plays Notre

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The Overnight Markets Send The Dollar To The Woodshed!

December 17, 2020

A Pfennig For Your Thoughts

December 17, 2020

* Currencies, led by the euro, on pushing higher
* The U.S. names Switzerland a currency manipulator? 

Good Day… And a Tub Thumpin’ Thursday to you! What a day yesterday… Congress is closer to a stimulus deal, The dollar weakened, Gold & Silver had good days, and Chuck received a Christmas Card from a longtime friend, Michael Checkin! I was pleasantly surprised upon opening the card to see who it was from… I also got one from Tim and Nicole Smith, with their baby boy! It’s that time of year again when we reconnect with long lost friends… I reconnected with one yesterday, and what a treat it was catching up! Melvin and the Blue Notes greet me this morning with their song: If You Don’t Know Me By Now… (I’m sure any younger readers would

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The Dollar Gets Sold Like Funnel Cakes At A State Fair!

December 16, 2020

A Pfennig For Your Thoughts
December 16, 2020
* Currencies drift on Tuesday, but rally overnight* Dollar weakness leads to rallies for Gold & Silver… 
Good day… And a Manfred the Wonder Dog Wednesday to you! BRRR… it’s cold outside! I can’t wait to get down to S. Florida for the winter. I told Kathy last night that it appeared we could be spending a longer time in Florida this winter, as Major League Baseball is considering starting Spring Training games in April. They want all players, and team personnel to have been vaccinated before showing up to Florida or Arizona. And apparently they don’t think that can happen between now and the middle of February, when pitchers and catchers normally kick off spring training. Our St. Louis University Billikens Basketball team played last night, and

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The Dollar Bugs Are Ushered Back To Their Wallboards!

December 15, 2020

A Pfennig For Your Thoughts
December 15, 2020
* IP in the U.S. drops like a rock! * Gold gets sold on Monday, rallies back today! 
Good Day… And a Tom Terrific Tuesday to you… I was looking at the calendar yesterday trying to figure out when I will be taking my annual winter vacation. I believe I’ll start it on Dec. 22nd, and return on Dec. 31st.. I know, I know, I’m retired, there’s no such thing as “vaction” any longer… But, by now, you should have figured out that I’m BIG on Tradition… And I’ve always taken a winter vacation at Christmas, so I’ll keep calling it that for as long as I continue to write. People are getting their virus vaccines already… I said yesterday, that I thought that the drug companies rushed the drug through testing. But I had read, and should have believed it,

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No Deal For You! (Brexit negotiators!)

December 14, 2020

A Pfennig For Your Thoughts
December 11, 2020
*The dollar continues to weaken VS currencies* It’s a Monday, Monday can’t trust that day for Gold… 
Good day… And a Marvelous Monday to you! Well the BIG weekend for my beloved Missouri Tigers, didn’t go as hoped, but… While the football team got pummeled, the unranked Tigers basketball team upset #6 ranked Illinois, in their annual Braggin’ Rights game… My kids, and grandkids all came over to watch the basketball game with me, and a good time was had by all… Especially, watching little Evie, wolf down some dear sausage… Uncle Jerry couldn’t tear the sausage in small pieces fast enough for her! So darn cute! Kathy came home from S. Florida last night, In two more weeks she’ll be heading back! Only this time, with me! We’re heading into the

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What On Earth Is Going On At The Fed?

December 10, 2020

A Pfennig For Your Thoughts

December 10, 2020

* currencies trade in tight ranges on Wednesday
* JPMorgan wants to be a Bitcoin Billionaire! 

Good day… And a Tub Thumpin’ Thursday to you! I really wanted to keep sleeping this morning… I think it’s going to be one of those days where I sleep most of the day. This happens about once a month, and it’s been awhile since I felt this way. It’s an accumulation thing with the chemo I take daily… The bad part is that today is supposed to be a fairly warm day with sunshine… UGH! I’ll attempt to get out side, but… Like the great reliever, Big Lee Smith, when he would come out of the bullpen, “I’m so tired”… HA! Sniff-n-The Tears greet me this morning with their great song: Driver’s Seat… 

A quick side bar here… Quite a few years ago now, I

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BIS Sends Out Warning… Anyone Listening?

December 9, 2020

A Pfennig For Your Thoughts
December 9, 2020
* Currencies trade in a tight range on Tuesday* Gold gains $8 on Tuesday, and gives it right back today… 
Good Day… And a Wonderful Wednesday to you! Before I go any further, I have to question the sanity of the folks at the Olympics who approve and remove sports… I read yesterday, that the Olympics have sanctioned the approval of “breakdancing” as an Olympic sport… Are you kidding me? That’s where you say, “no we wouldn’t kid you, you’re our favorite goat!” HA! Well, I for one, can’t wait until the next Olympics to watch me some breakdancing… NOT! Well, I had to go out yesterday for a bit to a store, and had to wear my face rosary… There’s no scientific proof that wearing a mask keeps you from getting the virus… As I say, the virus gonna

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Powell & Mnuchin Testify Before Congress Today!

December 1, 2020

A Pfennig For Your Thoughts

December 1, 2020

* The dollar bugs fight back on Monday… 
* Gold & Silver are back on the rally tracks today! 

Good Day… And a Tom Terrific Tuesday to you! And Welcome to December… And good riddance to November!!! I think I’m going to need Tom Terrific today to fight off the Crabby Appleton mood I’m in this morning… You see, the gout in my arm returned over the weekend, and the normal treatment for this ailment is a 5 day pack of steroids. Unfortunately, for me, the first two days of high doses leaves me sleepless in Seattle… Sunday night I got 1 hour of sleep, and last night maybe, 3 in bits… I’m on the downside of the doses now, so maybe tonight some real sleep and rest is in my future. But for today, I’m in no mood to be dealt with, so if you have

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The dollar Continues To Weaken….

November 30, 2020

A Pfennig For Your Thoughts
November 30, 2020
* Currencies have a good week, and start this week up!* Ed Steer called the takedown in Gold last week “another drive-by shooting!” 
Good Day… And a Marvelous Monday to you! I hope everyone had a very nice Thanksgiving… I did, and quite frankly, it was better than most! There were the 12 of us, and we all sat around the dining room table, no need for a kids table this year… I started asking my grandkids, what they were thankful for, and then it turned into everyone taking a turn with their thanks… When it came to me, I simply said, “I’m thankful that the Good Lord has allowed me to live all these years, so I can be here today, with all of you”… Darling daughter Dawn, began to cry, and we had to change the subject… Friday, was grandson

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Where’s The Independence?

November 25, 2020

A Pfennig For Your Thoughts
November 25, 2020
* Gold & Siler get whacked badly on Mon & Tues* Turkey for me, Turkey for you… 
Good Day… and a Wonderful Wednesday to you! I’ve decided to go back and forth with the other Wednesday greeting, so for this week, its this one! Well, my visit to the hospital yesterday early morning was fine… The doctor called me yesterday afternoon, to tell me that there was no NEW cancer found… I thank the Good Lord for looking over me!  Things sure are crazy in the world today, eh? I sure hope that the police will not take any orders to storm houses that are hosting Thanksgiving dinners! I doubt that will happen, as policemen have families too, and know how difficult it has been this year to be a regular family….  OK… Tomorrow is Thanksgiving… I’m really of

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Looks Like Another Price Engineered Takedown Day…

November 19, 2020

A Pfennig For Your Thoughts

November 19, 2020

* Dollar bugs fight back, but not by much… 
* Chuck goes on and on like the Energizer Bunny today… 

Good Day… And a Tub Thumpin’ Thursday to you! Well, the conversations around the house sure have picked up, with all the things that need to get done before the closing and Alex’s move-in to his newly purchase home. Next Thursday is Thanksgiving… I have come 180 degrees through the years, on how I view Thanksgiving. I used to dislike the run-up to T-Day, because, I would say that it’s the only time of the year that Kathy and I argue. We would argue about which family we would eat T-Day dinner with… We tried alternating years, etc. But it would always lead to arguments. Then my parents died, and I said that from then on T-Day would be at our

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Mike, Mike, Mike What Day Is Today?

November 18, 2020

A Pfennig For Your Thoughts

November 18, 2020

* Currencies & metals trade in a basic nothing day…
* Powell can’t wait to print more currency… 

Good Day… And a Manfred the Wonder Dog Wednesday to you! I was watching a clip on the news last night, where people that were minding their own business eating outside at a restaurant, had fireworks thrown at them by the violent mobs we keep hearing are not violent… But they are, we all know that for a fact… I thought to myself, in my younger days I would have confronted them and got a lick in before they got me… Daring, Challenging, and too high strung to save myself… But I sure wouldn’t have just stood by and allowed a mob to disrupt my dinner, and endanger my health, and that of my wife’s…  But not any longer, not since June 2007… And I had

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News Of A New Trade Pact, Gives Sterling A Lift…

November 17, 2020

A Pfennig For Your Thoughts

November 17, 2020

* the dollar continues to weaken, albeit very slowly… 
* What’s up with the 10-year Treasury’s yield? 

Good Day… And a Tom Terrific Tuesday to you! I totally forgot to mention this yesterday.. Over the weekend we learned that youngest son, Alex, learned that his offer on a house, had been accepted (I told him that meant he offered too much! HA!) and he will soon be a Home Care person… He said, you mean home owner? I said, no the bank is the owner, you just take care of the home until the loan is paid off, then you become a home owner…  He was not pleased with that… I told him most people would call him a home owner, so just go with that! I opened Pandora’s Box of replies yesterday, when I said that the election hadn’t been officially

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Ripping Off The Band Aid…

November 12, 2020

A Pfennig For Your Thoughts

November 12, 2020

* Currencies drift higher on Wednesday…
* Gold gives back its Tuesday gain on Wednesday… 

Good Day… And a Tum Thumpin’ Thursday to you! It was one of those days for me yesterday, I guess too much going on recently finally caught up to me… Around 1:30 pm I was reading stuff, and I began to feel my eye lids closing and me yawning. I knew I needed a nap… That nap lasted 4 ½ hours! And then all evening I was still yawning. UGH! Last year, I ditched cable, and decided that streaming TV was what I wanted. So I signed up for YOUTUBE TV… And all was well, here and in my second home in Florida… But then YTTV hiked their prices… Ok, it’s still about 50% less than what I paid the cable company. But then they announced they were dropping the regional

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The Healing Is Short Lived…

November 11, 2020

A Pfennig For Your Thoughts
November 11, 2020
* Currencies & metals see some healing on Tues.* But the overnight markets have ripped the band aid off the wound… 
Good Day… And a Manfred the Wonder Dog Wednesday to you! That’s a mouthful to say out loud, just in case you were wondering… Well… yesterday, I was sitting outside enjoying our last day of nice weather talking on the phone to good friend, Dennis Miller, when the dark clouds began to move across the sky, and discretion being the better part of valor for me, I went inside… Upon coming inside I saw that I had an email from Dennis, and he wanted my input on an interview we would do on Paul Krugman… OK… longtime readers my recall me expressing my dislike for Mr. Krugman’s views on economics, and preferring for my own education in

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Gold Gets Taken To The Woodshed!

November 10, 2020

A Pfennig For Your Thoughts
November 10, 2020
* another engineered price takedown in Gold… * Currencies retain some of their gains from last week… 
Good Day… And a Tom Terrific Tuesday to you! I spent the greater part of my day yesterday at the medical facility that houses both the wound center and my primary care doc. I arrived at the second of my appointments about 30 minutes early, due to some unforeseen before quick turnaround in the wound center… I admitted my early arrival and took a seat… 20 minutes after my scheduled time a nurse came from the back and told me the doctor was running behind…. I smiled and said, “ok”, but thought to myself, no dookie doc! So, another 20 minutes went by, before they finally took me back to see the doctor… Just an oil and lube job please… And got home

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The Biggest Banks Aren’t As Strong As They Appear?

November 3, 2020

A Pfennig For Your Thoughts

November 3, 2020

* Currencies, metals and Oil all rally overnight… 
* It’s election day! Make sure you make a plan to go vote! 

Good day… And a Tom Terrific Tuesday to you! Well, baseball is over for this year, and now we head to the hot stove league… The Cardinals are in dire need of a heavy bat to hit behind Paul Goldschmidt… There will be plenty of free agents out there, but who knows what any team can afford after a year with no ticket revenue… And there’s a chance that next year could be the same, or with maybe 25 or 50% ticket revenue… I’m still waiting for the folks at Roger Dean Stadium to contact me about next years Spring Training games… They don’t know, I’m sure… But I do have, I think 4 more games to credit to next year’s games… I always get

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Are We In The 4th Turning?

November 2, 2020

A Pfennig For Your Thoughts
November 2, 2020
* Currencies & metals rally on Friday… * Gold looks ready to resume its upward climb… 
Good Day… And a Marvelous Monday to you… This will be a shortened week, with only today and tomorrow on the docket for a Pfennig… Wednesday morning I head to the hospital for an echocardiogram. It’s been a year since they did one, so I’m on the docket for one on Wednesday, and then on Thursday, it’s my monthly visit to my oncologist… That was some sad news this past weekend that 007, James Bond, had passed away… Sean Connery certainly had a full life, living to age 90… To me, he was the best to play the role of James Bond, in which he did it 7 times, and all were successful movies… My beloved Tigers took one on the chin to the Florida Gators on Saturday night…

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Guess What A Spider Whispered To Chuck?

October 15, 2020

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!

October 14, 2020

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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