The Daily Pfennig | Gold Stocks Today

Pound Sterling as a Safe Haven?

May 14, 2012 By Chris Gaffney Leave a Comment

Good day. And welcome to another week. Chuck is headed out to Las Vegas today, to speak at the MoneyShow. With the travel and difference in time zones, he thought it would be best if we picked up the Pfennig for him this week, so I’ll be sharing my thoughts on the currency markets with you this week (hopefully, with a little help from Mike Meyers).

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, Banking, CHF, currencies, currency moves, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, EUR, euro price, GBP, Greek debt crisis, JPY, NZD, pound sterling, risk trading, safe haven currency, The Daily Pfennig, ZAR

US Posts Monthly Budget Surplus!

May 11, 2012 By Chuck Butler Leave a Comment

Good day. What a quick week! Next week, I’ll be in Las Vegas — not my kind of city, but it is what it is, and I’ll be there to speak on two different days, so if you’re in the area, drop by. The MoneyShow is free!

That little mini-rally, which a handful of currencies saw yesterday, faded overnight, and those currencies are all back to the levels of Wednesday. UGH! The handful, in case you were wondering, included the Australian dollar (AUD), euro (EUR), Brazilian real (BRL), Norwegian krone (NOK), Swedish krona (SEK), Singapore dollar (SGD) and a couple of others.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, BRL, Chinese renminbi, CNY, currencies, currency rally, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, EUR, Greek debt, Greek euro, macroeconomics, Markets, NOK, PPI, RBA, SEK, SGD, The Daily Pfennig, trade deficit, U.S. budget surplus

US Posts Monthly Budget Surplus!

May 11, 2012 By Chuck Butler Leave a Comment

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China Stops Buying Eurozone Debt

May 10, 2012 By Chuck Butler Leave a Comment

Good day. Here’s your second reminder — this coming Sunday is Mother’s Day. Don’t you dare forget! The Cardinals will be in town this weekend, making the Sunday game a Mother’s Day game. When I was a young man and played baseball, we always began our season on Mother’s Day. These days, the baseball season for youngsters has been going on for over a month!

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Banking, BOE, CHF, Chinese debt purchases, currencies, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, ESD, EUR, Eurozone debt, GBP, Gold, gold price, government debt, JPY, NOK, Oil, oil price, price of oil, SNB, SWF, The Daily Pfennig

China Stops Buying Eurozone Debt

May 10, 2012 By Chuck Butler Leave a Comment

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Bill Gross and Others Call for QE3

May 9, 2012 By Chuck Butler Leave a Comment

Good day. My first day back in the saddle went fairly well, the meetings were short and sweet — just the way I like them — and I got out of here at a decent time to get home and get my feet up. It was a busy day in the markets, and with no economic data to guide them, they continued to steer toward the dollar.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, Bill Gross, BOC, CAD, Chinese renminbi, CNY, currencies, currency trading, Debt and Deficit, DR EXTRA!, EUR, Greek election, Greek government, JPY, QE3, quantitative easing, The Daily Pfennig, U.S. consumers, US economic data

Bill Gross and Others Call for QE3

May 9, 2012 By Chuck Butler Leave a Comment

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Elections Throw Euro Under a Bus

May 8, 2012 By Chuck Butler Leave a Comment

Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government.

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