Browse by Tags

Daily Pfennig

Blog Subscription Form

  • Email Notifications
    Go

Archives

  • Stalemate continues on US debt ceiling.

    In This Issue.

    * The stalemate continues in the US...

    * Swiss Franc hits a record...

    * Homegrown terrorist rocks Norway...

    * Gold benefits from uncertainty...

    ...
  • Germany's Merkel gets her way...

    In This Issue..

    * Germany's Merkel gets her way...
    * Confidence in the US ebbs lower...
    * China to stick to renminbi policy...
    * Gold stops sliding...

    Good day, we had another strong day for the dollar yesterday, with the greenback gaining against all of the majors. But overnight, the Asians and then the Europeans sold the dollar and moved money back into the currencies. So after another rollercoaster ride, we are basically right back where we were at this time yesterday morning. These volatile markets are likely to continue, as investors try to figure out if the global economy will recover or if we will slide back into recession. With all of this uncertainty, you would think investors would be moving into 'hard assets': Gold and Silver. But the markets for these two precious metals have been surprisingly quiet this year. More on the metals a bit later, first I will try to figure out these currency markets....
  • Treasury Issuance Hits Record Amounts!

    In This Issue..

    * It's a Risk On Day... Kind of...
    * Gold hits $1,171!
    * Germany's IFO hits a 15-month high!
    * Even the NY Times talks about deficit spending!

    Good day... And a Terrific Tuesday to you! A Risk 'kind of' On Day... Which I believe will be difficult to hold on to as we draw closer to Thursday. The volume will dry up, like I said yesterday like using a Sham Wow (Vince where are you?) and... There will be all kinds of position squaring ahead of Thursday, for many traders, including yours truly, will be making this a 4-day holiday weekend, and good traders do NOT leave themselves out on a line with open trades before leaving for 4 days!...