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  • Chuck asks 'Where's the money??'

    In This Issue..

    * Chuck's parting shots...
    * Greenspan still demands the spotlight...
    * Asian rally helps the kiwi and Aussie dollar...
    * Gold pauses its recent rally.

    Good day. Chuck is headed down to Springfield with his family for their annual summer camping adventure, so he handed off the responsibilities of the Pfennig to me. But as usual Chuck left me a good bit of information before heading out the door; and here it is:

    Well, folks... Just some parting shots for you before I headed out the door on Friday...

    Right after I hit 'send' on Friday, and had told you the euro has sold off 1-cent, and drug the other currencies (except yen and francs) with it... The euro turned around, and headed north! I felt as though I had sent out some bad information! But, there's always a time to cut off, and when I did, the selling was going on......
  • Singapore announces a revaluation...

    In This Issue..

    * An Asian currency announces a revaluation...
    * Growth in the Asia-region benefits Australia...
    * Brazil to raise rates...
    * US trade deficit widens, pushing the dollar lower...

    Good day, it certainly was a good day here at EverBank yesterday. I will start today's Pfennig off with some good news which Chuck shared with the desk yesterday afternoon. The scans which he underwent last week came back clean, so the cancer is limited to the mass behind his eye, and hadn't spread to any other part of his body. This was just about as good as news as he could receive, and now he heads to the eye doctor to figure out a plan to deal with the mass. He wanted me to let everyone know how much he appreciates your emails of support....
  • A Bailout For The Big 3...

    * Another currency rally.... * Bank of Canada cuts 75 BPS! * A Santa rally? * What Asia thinks... ** A Bailout For The Big 3... Good day... And a Wonderful Wednesday to you! We didn't get that snow I talked about yesterday, I guess the milk and bread on the grocery store shelves are safe today! Had to get "all dressed up" last night for a function that brought together a ton of old Mark Twain Bank people, among others. It was great, but I stood for two hours and I'm paying for it this morning... UGH! OK... Another day of "healing" for the currencies, as the 1.29 handle was achieved and held on to in the overnight markets. Slowly... Like sand through the hourglass, these are the days of currency healing! HA! That show, Days of our Lives, was burned into my brain as a kid, as it was my mother's fave soap....