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  • Listening To The Bundesbank.

    In This Issue.

    * Portugal to auction bonds.

    * A short-list of currencies gain VS the dollar.

    * Gold & Silver rebound.

    * RBNZ to cut rates?

  • Gold & Silver To Recover?

    In This Issue.

    * Dollar rally continues

    * Even francs & renminbi lose VS dollar.

    * Gold & Silver sell offs.

    * C$ & A$ swap places.

  • Gold & Silver Surge Higher!

    In This Issue.

    * Meyer says QE is not powerful!

    * China pushes renminbi higher VS dollars.

    * German Fin Min disagrees with Geithner.

    * Get ready for soaring inflation.

  • The Dollar Negativity Soars!

    In This Issue.

    * Currencies & Precious metals rally...

    * Singapore dollar soars!

    * Renminbi appreciation on a torrid pace...

    * Gold and Silver soars!

  • Veteran's Day

    * The China good feeling dissipates... * Currencies lose their edge... * Fannie Mae needs more! * Silver manipulation? ** Veteran's Day Good day... And a Terrific Tuesday to you! A Veteran's Day Tuesday! This is a Banking and Federal Holiday today, so the bricks and mortar banks are closed, and there will be no mail delivery, and of course your friendly neighborhood Government worker gets the day off. I'm here, in the saddle, writing the Pfennig like it's a regular work day, and the boys and girls will begin to gather in about 2 1/2 hours from now. We'll get all caught up, return some calls and head home today. Veteran's Day... I thought I would begin today with a snippet of a Veteran's Day poem by Jared Jenkins......
  • Iceland Melts Down...

    * RBA cuts rates 100 BPS! * Iceland to peg the krona... * High Yielders get whacked! * Gold rallies in the face of a strong dollar! ** Iceland Melts Down... Good day... And a Terrific Tuesday to you! Well... Folks... The wheels, what was left of them, are really coming off this economy. It's a sad sight to see, but it's happening nonetheless, and there's no bailout, stimulus check, mortgage bill, truck loads of money supply, or whatever, that's going to stop this recession bus.. Memo to Paulson and Bernanke... Don't throw yourself under this recession bus... Well... The dollar continued to push the envelope against a handful of currencies yesterday. Up front and center, the high yielders got beaten about the head and shoulders by the dollar. Aussie, kiwi, real, rand, all took major hits from the dollar. It was one of the worst days I can remember seeing for these currencies. This huge sell off showed two things going against the high yielders... 1. Commodities (other than Gold) are getting whacked, and 2. The Carry Trade is Dead......
  • Some Healing...

    * largest one-day move up in the euro! * largest one-day move up in Oil! * Gold and Silver rebound! * Renminbi finally moves! ** Some Healing... Good day... And a Terrific Tuesday to you! I heard from one of my two sisters that live in the Houston area yesterday. They rode out the Hurricane together, have some damage to her house, and is still without electricity. I can't imagine what that's all like. But they are both safe at that's what's important at this point. Well... The euro had it's largest one-day move upward VS the dollar since its inception in 1999, yesterday... We've seen some profit taking in the overnight markets, but just for good measure... I think it appropriate to show that the euro reached 1.48 yesterday... That was a 3.5 euro move, and after falling to a low of 1.3869 on 9/12 (before bouncing big that day), the euro has now recovered about 7%... I would call that "some healing"......