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  • A Risk On Day...

    In This Issue..

    * Euro rallies on ECB lending amount...
    * Gold and Silver back on rally tracks...
    * Waiting on the Riksbank...
    * U.N. wants a global currency...

    Good day... And a Wonderful Wednesday to you! Well... We get a two day break in the World Cup, with only 8 teams left. Too bad, the U.S. team isn't one of the 'great 8'! But that's what happens when you play the games, eh?

    The games people play now... Every night and every day now... Never meaning what they say now... Never saying what they mean...

    Yes, Joe South had it completely correct back in the 60's... I was watching a video of an interview with the famous, Jim Rogers, last night. And Jim was talking about the reason why Fed Chairman Big Ben Bernanke fought the 'audit the Fed' bill... And Jim said that Big Ben fought it because, he and the Fed Heads (my description), have spent trillions of dollars on complete junk paper, and he didn't want us (the taxpayers) to know what he had done. Ahhh... The games people play now......
  • China Puts The Brakes On!

    In This Issue..

    * Risk Aversion sets in, on China's moves...
    * Now, we know what's going on with the TIC's!
    * Germany to step in to save Greece?
    * Honkers losing value VS the dollar...


    Good day... And a Wonderful Wednesday to you! As I understand it, we are in for some Monsoon like rain today and the next couple of days... Living in a little river town, and having a creek at the back of my property, lends itself to cause me to worry when I hear things like Monsoon like rains expected... But... It's mother nature, I can't do a thing to stop it, so, I carry on... But worrying while I carry on!

    The rain is falling on the currencies too... The dollar has rebounded very quickly the past few days, and there are no roadblocks right now. The risk takers in the markets are running for safety again, sent running by China's decision to curb lending and attempt to slow growth before their economy overheats......
  • Bad news for GM and Chrysler rallies the US$...

    In This Issue..

    * Bad news for car makers rallies the US$...
    * Yen comes back strong...
    * Singapore to devalue?...
    * German Chancellor Merkel gives warning...

    Good day... And good Monday morning to all of you. I can't believe March is nearly over, it seems as though it just started. March will end up being a pretty good month for the currency markets, as investors exited the safety of US treasuries and started moving funds back into higher yielding assets. But the markets continue to be volatile, and news released on Friday and over the weekend has sent these investors rushing back to the safe haven of the US dollar.

    The Japanese Yen and US dollar benefited after a US Government official said Friday that bankruptcy may be the best option for GM and Chrysler. The dollar continued to gain strength this morning after US Treasury Secretary Geithner warned yesterday that some financial institutions will need 'large amounts' of aid. When the Treasury Secretary says large amounts, you know it is going to be billions or trillions! Geithner was making the rounds of Sunday morning talk shows to try and justify the money already spent and prepare the taxpayers for another request of funds....
  • Gold As An Inflation Fighter!

    * BOE to cut rates today... * ECB will wait to cut for now... * Black clouds forming for India? * German factory Orders plunge! ** Gold As An Inflation Fighter! Good day... And a Tub Thumpin' Thursday to you! Day One at the Orlando World Money Show (WMS) went well. My room for the presentation was packed! It was standing room only, and the good part was the fact that there were only about 30 Pfennig readers in the crowd. I say that not because I have something against Pfennig readers, oh Lord, they are dear readers! The reason I say that is I like to know how many of the non-readers I can convert to Pfennig readers!...
  • A Trading Pattern For Gold...

    * The currencies rally back! * The risk takers are back! * Mixed bag of economic reports... * A 'cross thing' for sterling... ** A Trading Pattern For Gold... Good day... And a Wonderful Wednesday to you! No ice this morning, thank goodness! Winter, in my mind, is bad enough without the slip-sliding away! Snow is one thing, ice is another and it's not high on my Hit Parade! Well, front and center this morning is a rally in the currencies that began yesterday mid-morning, and has carried through the Asian and European markets. I'd tell you why the euro is 2.5 figures above yesterday morning's level, but you'd laugh at me... No wait! That's what you're supposed to do, Chuck, tell the people what's going on! HA! Seriously though... I don't think you'd laugh at me, maybe the dolts that run trading floors around the world, or the pundits that write stories about the markets, but not me!...
  • Central Bank Meeting Day...

    * Euro fights back... * Germany Factory Orders drop... * BOE & ECB meeting today... * Riksbank raises rates! ** Central Bank Meeting Day... Good day... And a Thunderin' Thursday to you! A rainy Thursday for us here in St. Louis, as the rains from Gustav reach this area. There's another Hurricane in the Caribbean now... There are two Central Bank meetings going on as I write this morning. The European Central Bank (ECB) and Bank of England (BOE) both are meeting this morning, and both are expected to leave rates unchanged. More on this in a bit, the Fed's Beige Book, and more this morning, so let's go! Front and Center this morning, the euro spent yesterday on the rally tracks recovering from a 5-month low... When I turned on the screens this morning, the single unit was trading above 1.45 again, on expectations that the ECB would leave rates unchanged. But I've seen a softening in the euro, since arriving, that has come from an unexpected drop in German Factory Orders for the month of July....