| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Daily Pfennig: It’s Shrove Tuesday!
caseyresearch.com / Chuck Butler / February 17, 2015
In This Issue.
* No news is good news for euro.
* Dollar gets sold VS most currencies.
* RBA withholds comments on A$.
* China accumulates 315 Tonnes of Gold so far in 2015!
And Now. Today’s A Pfennig For Your Thoughts.
It’s Shrove Tuesday!
Good Day!… And a Tom Terrific Tuesday to you! Well? How was your Valentine’s Day? I hope it was grand. The N.E. Coast got slammed with Snow again, and my hometown finally got a taste of a couple of inches of snow yesterday, snow biggie. HA! Down here in S. Florida, I don’t have to experience any of that, thank goodness! I ‘ve been wondering if longtime readers were noticing how I have not been whining and complaining about the cold of winter, and how I have to go where it’s warm this year. That’s all behind me now! Well, there’s been no agreement between the Eurozone and Greece, and there are a couple more thing to catch up on from yesterday’s trading, so, here we go!
With the U.S. on Holiday yesterday for President’s Day, the overseas markets were pretty thin, and nothing out of the ordinary happened. The Eurozone and Greeks keep rattling their sabers, but nothing comes of meeting after meeting. In fact, last night could have been the last meeting to be held, unless the Greeks want to come back with their tails between their legs. For those of you keeping score at home. The current agreement to fund Greece, runs out at the end of this month. Experts have gone over the numbers and believe that Greece could get to the end of March before running out of cash. That would be the absolute last minute to come to an agreement, or. exit the euro.. I don’t see the latter happening, so why not just accept the deal given to you now, Greece?
Now, one would think that hearing that the last meeting between the Eurozone and Greece had been held without an agreement, the euro would be getting taken to the woodshed. But that would be wrong! Just like last week, when the euro rallied on no news, it has done so overnight once again. I find this to be very strange, folks. But who am I to complain about something like this happening? The currencies, which used to be an asset class that I thought I had a very good handle on. If a country was debasing their currency, that was an easy call to make, If a country was printing money like nobody’s business, that was an easy call to make, and if a country’s leaders were acting like dolts, that was an easy call to make. But until those days return, it’s all trader sentiment. And apparently, with the euro, traders have been thinking that 1. Either the euro fell too far too fast, and they need to reset the currency, or 2. No news that Greece is leaving is good news.
The post Daily Pfennig: It’s Shrove Tuesday! appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/17/daily-pfennig-its-shrove-tuesday/
