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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Gold Vending Machines!

Contrarian Profits (June 18th, 2009) Writes:

More range trading…  SNB doesn’t target the franc…  Norges Bank cuts rate but looks forward…  Buy your gold and Snickers! And Now… Today’s Pfennig!

Good day… And a Tub Thumpin’ Thursday to you! It was 95 here yesterday, and forecast to be even warmer, or should I say hotter, today! WOW! Like overnight, it turned to summer, after the coldest, most wet, spring I can ever recall… I know, I’ll get 100 emails reminding me that summer doesn’t officially start until next week… I’m just talking about the summer-like weather!

The currencies remained in that range I talked about yesterday, with a slight bias to sell dollars, but not much of one. Crude Oil prices moved higher on the day and overnight, which doesn’t play well with a dollar rally, and therefore, has pushed the dollar down a bit… But again, we’re talking minor moves. It’s as if someone (traders) are waiting for something BIG to

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Stuck In A Range

Contrarian Profits (June 17th, 2009) Writes:

A Turn Around Tuesday?  BRIC meeting doesn’t get covered by the media?  Are the Bearer Bonds real or fakes?  QTC’s get Gov. backing! And Now… Today’s Pfennig! Good day… And a Wonderful Wednesday to you! Remember last week, when I said that we had a “Turn Around Tuesday?” I came in this morning to find a story that Chris Gaffney had printed off the Bloomie for me… The writer refers to the price action yesterday as “Turn Around Tuesday!” OK… I for one, don’t even begin to believe that I was the originator of a saying like that for the currencies… I just find it interesting, that a week after I make a big deal out Turn Around Tuesday that it is used in a story with much wider distribution than my little old Pfennig!

Cool Beans, eh? OK… Well… If yesterday was Turn Around Tuesday as the writer said, I sure didn’t see it!

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Game On!

Contrarian Profits (May 20th, 2009) Writes:

Risk Assets soar! …  What’s behind this stock rally? … Charts and fundamentals…  Aussie Consumer Confidence Drops…  And Now… Today’s Pfennig!

Good day… And a Wonderful Wednesday to you! A total reversal of Friday’s risk assets sell off was the soup du jour for Tuesday… This is beginning to remind me of a Wayne and Garth street hockey game… Here comes a car… Game off… Game on…

So, as I just said, Tuesday saw the currencies trade right back to the levels they enjoyed VS the dollar last Thursday, before risk assets

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