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Daily Pfennig: ECJ Throws A Cat Among The Pigeons!
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
caseyresearch.com / Chuck Butler / January 14, 2015
In This Issue.
* Risk meter ticks higher..
* So-called safe havens get bought!
* So, what about that Troika?
* Norway has some bright spots.
And Now. Today’s A Pfennig For Your Thoughts.
ECJ Throws A Cat Among The Pigeons!..
Good Day!… And a Wonderful Wednesday to you! I’m starting the day, not so “wonderful”, but. when you start it like this, you have nowhere else to go but better! So I have that going for me today! (Hopefully it kicks in soon!) So, I’m in search of an iced cake donut this morning, wink, wink. I’ll get a few emails chastising me for eating a donut (sugar feeds cancer), but I tell them all the time, it’s not like I’m eating dozens of donuts all the time! One iced cake donut every now and then.
The currencies and Gold look like they could use my iced cake donut cure for what ails them too! The currencies across the board, except Japanese yen, are all weaker again this morning to the dollar. When I told you 5 months ago, that we would be seeing a bout of short-term dollar strength I didn’t imagine the strength of the dollar would be so intense. But it is, and so we start each day looking at the pound of flesh the dollar has cut away from the currencies. I would say at this point that it’s getting ugly, but that would be too late, it has already gotten ugly, and unfortunately, it’s, in my opinion, going to get uglier. You know that old saying about not just being hit by the ugly tree, but by the whole forest? Well, the whole forest is coming straight at the currencies and I don’t believe they will be able to side-step it, dodge it, head fake it, or just plain avoid it.
Even Gold that has been looking quite perky since we began 2015, is down a couple of bucks this morning. I think I may have confused a few readers yesterday when I printed the FWIW article by Koos Jansen. Some thought that Koos was saying that if the U.S. restated the price of Gold on their books it would make their balance sheet look better, and therefore the dollar stronger.. And maybe I missed something by just taking snippets, but the gist of what Koos was saying is simply that IF the U.S. acknowledged that Gold had a much higher price than the $42.22 they have on their books, the U.S. would be saying that Gold is an alternative to the dollar. And by doing so, would drive the price of Gold higher.
Well, I said above that the Japanese yen is the only currency booking gains VS the dollar this morning, and seeing this, the song that my older kids used to sing when they watched Sesame Street. One of these things is not like the others, One of these things just doesn’t belong, Can you tell which thing is not like the others, by the time I finish my song? HA! So, why is yen rallying when the other currencies are getting whacked? Ahhh grasshopper, this is where the idiotic trading pattern of rewarding so-called safe havens comes into play. For some unknown reason to any logical thinking person, like myself (HA!), traders still flock to yen when the risk meter turns up. So, what’s the “risk” in the world today that has traders flocking to yen?
The post Daily Pfennig: ECJ Throws A Cat Among The Pigeons! appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2015/01/14/daily-pfennig-ecj-throws-a-cat-among-the-pigeons/
