The dollar remains well bid…G-7 to hand currencies off to G-20? Car Sales collapse…Auditing the Lehman cash movements…And Now… Today’s Pfennig!

Good day… And a Happy Friday to one and all! Yesterday, I welcomed you to October. I had been prepared to tell you about a famous radio station here in St. Louis, that has long called October… Rocktober… But forgot, as usual! But anyway… It’s the first Fantastico Friday of Rocktober!

Today is a Jobs Jamboree Friday too! And… I’m not getting a good feeling about today’s labor report at the Jobs Jamboree. The forecast is for jobs losses to fall from -216,000 to -175,000, but the unemployment rate to tick up to 9.8% from 9.7%… I got the feeling, baby, baby, I got the feeling… Oops, a little James Brown on Fantastico Friday never hurts! But what I was saying was I’m getting the feeling that there are risks

Currencies & Gold move together!  Fed downgrades economic growth…  More on China…  Yen breaks the trading pattern… And Now… Today’s Pfennig!

As far as currencies and metals are concerned, seemed to be in place yesterday…

That’s right… The rout on the dollar was on (recall yesterday, Wayne and Garth playing street hockey… Game On!) and this time… Not only did the currencies rally VS the dollar, Gold and Silver took part in the proceedings too! It’s been a long time since we’ve seen this happen… For the most part, whenever the currencies (minus yen) rallied, Gold would back off, and vice