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Recently Archived Articles
The Daily Resource 7/2/09:
Precious metals rebound. GLD vaults lighten. Dollar weakens. ADP report glum. Crude slides. Inventory report surprises. Base metals all gain. Good news on China manufacturing. All this and more in The Daily Resource 07/02/2009
Daily Pfennig 7/1/09: The U.S. Treasury Moves the Goal Posts...
A 4-day rally gets stopped at the border... Home Prices fall at a -18.12% pace... Alice Rivlin gives her 2 cents... Kiwi bond maturities galore next month... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
07/01/2009
The Daily Resource 7/1/09:
Precious metals battered. Some cite market’s renewed appetite for risk. Dollar rises. Economic data mixed. Crude falls off. Fundamentals may kick in after holiday. Base metals drop. Pessimism reasserts itself. All this and more in The Daily Resource 07/01/2009
Daily Pfennig 6/30/09: A Week Dominated by Data...
A 4-day rally... High-yield demand continues... Home Prices slow to recover... Paulson comes out from under the bus... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/30/2009
The Daily Resource 6/30/09:
Gold running in place. But silver, platinum take a hit. Dollar little changed. China spokesperson offer assurances. Crude pushes higher. More violence in Nigeria. Base metals mixed. Copper stocks dropping in both London and Shanghai. All this and more in The Daily Resource 06/30/2009
Daily Pfennig 6/29/09: A Week Dominated by Data...
Both sides of the ship... Currencies remain well bid... ECB and Riksbank meet this week... Baiting the hook for more stimulus?... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/29/2009
The Daily Resource 6/27/09:
Precious metals do little. Slow week results in only marginal price changes. Dollar declines. China renews call for different currency. Crude slips. Positive developments in Nigeria. Base metals mostly lower. Re-balancing on the way. Optimists riding the wave. All this and more in The Daily Resource 06/27/2009
Daily Pfennig 6/26/09: Desperately Seeking Yield...
Currencies rally... More on the BRIC's... New Zealand's GDP contracts... Bernanke gets grilled!
and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/26/2009
The Daily Resource 6/26/09:
Platinum catches a spark. Gold, silver up modestly. Dollar backs off. Jobless numbers unexpectedly jump. Crude pushes higher. More violence in the Niger Delta. Base metals climb again. Optimists riding the wave. All this and more in The Daily Resource 06/26/2009
Daily Pfennig 6/25/09: Increasing SDR Issuance...
Fed confuses markets, risk assets get sold... SNB intervenes to stop franc's rise... ECB issues 12-month liquidity... Bernanke to get grilled? and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/25/2009
The Daily Resource 6/25/09:
Precious metals little changed again. Early rallies in silver and gold snuffed out. Dollar gains on euro. Fed does nothing, but sounds optimistic note on economy. Crude drifts lower. EIA report has something for everyone. Base metals rally strongly. OECD raises growth forecast. All this and more in The Daily Resource 06/25/2009
Daily Pfennig 6/24/09: More Stimulus on the Way?
Euro leads currencies higher... Commodities rally back on FOMC thoughts... FOMC meeting today... NZ Consumer Confidence on the rise... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/24/2009
The Daily Resource 6/24/09:
Precious metals go soft. Lingering memories of Monday mute Tuesday trading. Dollar plunges against euro. Existing home sales come in weak. Crude rallies. Rise in inventories expected. Base metals move higher. Weaker dollar the prime mover. All this and more in The Daily Resource 06/24/2009
Daily Pfennig 6/23/09: So Far... It's a Turnaround Tuesday!
Currencies bounce back... Commodities and commodity currencies get hit hard!... China's recovery a myth?... Devaluation in the dollar's future?... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/23/2009
The Daily Resource 6/23/09:
Precious metals take a licking. Dwindling inflation fears cited. Dollar strengthens. World Bank forecast has traders running for cover. Crude falls. Correction could be beginning. Base metals slammed. Chinese demand could be slacking. All this and more in The Daily Resource 06/23/2009
Technically Precious with Merv
For week ending 19 June 2009: Gold dropped a little during the week but really went nowhere in the whole scheme of things. Lots of conversation about where gold is headed, in my local technical googlegroup. Here, you only get the simple, “where are we now?” and “what is the existing direction of trend?”. When things change my indicators will change and I will change with them. 06/22/2009
Daily Pfennig 6/22/09: Currencies and Commodities Sell Off...
Overnight markets ambush risk assets... Germany's IFO Business Confidence gains again... A$'s get pounded by opposite thought story... More supply to auction off for the U.S... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/22/2009
The Daily Resource 6/20/09:
Precious metals continue spinning wheels. No new market movers emerge. Dollar slides against euro. Traders turning attention to upcoming FOMC meeting. Crude drops. New violence in Nigeria ignored. Base metals little changed. Copper seen holding support levels. All this and more in The Daily Resource 06/20/2009
Daily Pfennig 6/19/09: A Sustainable Economic Recovery?
More range trading... Eurozone doesn't need more stimulus... A$'s outperform on rate outlook... A double whammy for the dollar... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
06/19/2009
The Daily Resource 6/19/09:
Precious metals slide. Gold seen finding a floor. Dollar up against euro. Jobless claims, leading economic indicators show positive. Crude rises slightly. 90 years’ worth of gas available. Base metals stuck. Signs positive for copper. All this and more in The Daily Resource 06/19/2009