Chuck Butler, 26 April 2021
Good Day… And a Marvelous Monday to you! Well, did you tune in for the panel discussion that I participated in last Thursday? I thought it went pretty well, and I thoroughly enjoyed doing my bit, that’s for sure! I hadn’t seen Mary Anne and Pamela Aden for a few years, and afterward, I had the thought that maybe they had found the fountain of youth, for they looked the same to me, as they did the last time I saw them in Orlando, years ago! And Omar spoke as well as he writes, which sometimes is a tough trick to pull off… And as far as I’m concerned, I have fun speaking, even more, than I do writing… not that I do either of them very well, but I have fun! Gerry & The Pacemakers greet me this morning with their song: Ferry Across The Mersey… I used to sing this song to Alex when he was a toddler to get him to sleep… Alex is nearing 26 this summer, so that tells you how long ago that was!
Friday was an interesting day as far as the currencies are concerned… The dollar bugs were sent back to their wallboards, and the currencies romped and frolicked all about all day long, which saw the Dollar Index end the day fall below 91 to 90.85… The euro is pushing toward 1.21, which is where we saw the PPT come in BIG TIME the last time the euro got to 1.21, and it’s been a tough row to hoe for the euro ever since, but after some back and forth trading of the last 5 weeks, the single unit is pushing toward 1.21 once again… And kiwi has pushed through 72-cents, and so on… it was a day to frolic in the sun for the currencies…
But Gold & Silver were not allowed to go outside for any frolicking and they suffered their second consecutive day of selling on Friday. Gold never could find a bid to end the week, and I have a sneaky feeling that the price manipulators were seeing to that! The cryptocurrencies are seeing fear enter into their trading days, and for this I would have thought Gold & Silver to be the beneficiaries of any slippage in the cryptos… But that was not to be, at least on Friday… Gold closed the day down $7, to close at $1,777… I have to apologize right here, right now, for deep-sixing Gold last Wednesday, when the title of my Pfennig was Gold Inches Toward $1,800… Because ever since that morning, Gold has seen selling… Hmmm… Maybe I didn’t jinx it so much but rather I alerted the price manipulators, who were sleeping at the wheel, that Gold was nearing $1,800…. Either way, I should have just allowed Gold to fly under the radar…
