Currencies and metals get ambushed again fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
5/13/2021 10:46:03 AM GMT
Currencies & metals get sold in a move to protect the dollar.
Markets believe that the Fed will hike rates to combat inflation?
Good Day… And a Tub Thumpin’ Thursday to one and all! Well, besides the pain in my stomach from the pulled muscle, I do believe I’m through with the cold… A strange reaction to the inflation data has me really full of you know what and vinegar this morning! My beloved Cardinals couldn’t find their bats last night and lost, but our Blues played well and won their next to last reg. season game last night. So it was a win one, lose one night… The Eagles greet me this morning with a song from their first album: On The Border… Not a radio hit song, and not on their greatest hits, but a song that I always liked, and so it’s on my iPod!
So, there s your teaser for the FWIW article today.
This Thursday, readers of good friend, Dennis Miller’s will get a real two-episode treat… I did a lot of work on this attempt to describe what it will be like when the dollar is no longer the reserve currency of the world… I even attempt to “Go Back To The Future”… I’m no Michael J. Fox, but I think I did it pretty well…
The U.S. Data Cupboard yesterday was empty… no wonder the dollar bugs rallied, for there was nothing there to show the dollar as overvalued… Today’s Data Cupboard has just two pieces of data that aren’t really market moving… We have the Small Business Index, and Job Openings… There will also be a slew of Cartel Head speakers… so more lies to be distributed!
4/27/2021 12:51:54 PM GMT
Currencies & metals gain small amounts on Monday.
Palladium reaches $3,000.
Good Day… And a Tom Terrific Tuesday to you! 85 degrees in Florida is not the same as 85 degrees in Missouri… I know it took me quite a few years to figure that one out, but I did, and yesterday was a prime example of that… My Accuweather app told me it was 85, but, I was tempted to go inside and grab a sweatshirt! In another month, once the earth turns on its axis, I’ll be sweating in 85 degree weather here… Just not now… Thanks to all who sent along a note about the Money Show Panel I was on last Thursday.. My good friend, Dennis Miller, called to tell me he compared my picture that appears on the site, and a picture he took from the zoom screen and he said, “holy cow, you have lost a ton of weight!” Ok, the group Gallery greets me this morning with their 70’s hit song: I Believe In Music… “I believe in song..”