FOMC Minutes Point To Problems…

Monday, December 01st, 2008

Hot Topics : $8 Trillion in Bailouts | Biotech Stock Bargains | The Greater Depression | Thanksgiving Turkeys

May 22nd, 2008 | By Chuck Butler | Category: International Investing

Gold has seen some profit taking overnight… The bit stronger dollar VS the euro has helped with Gold’s move lower… But, with Oil hitting $135, Gold has a champion in its corner… I would expect Gold to gain back this move lower overnight…

OK… Onto the Big Finish!

Currencies today 5/22/08: A$ .9605, kiwi .7855, C$ 1.0170, euro 1.5750, sterling 1.9810, Swiss .9725, ISK 73, rand 7.7075, krone 4.99, SEK 5.9115, forint 155.55, zloty 2.17, koruna 15.94, yen 103.35, baht 31.85, sing 1.3580, HKD 7.80, INR 42.95, China 6.9420, pesos 10.37, BRL 1.6570, dollar index 72, Oil $134.21, Silver $17.76, and Gold … $921.88

That’s it for today… The end of my 4 weeks on my cancer meds… You gotta love it! By next Wednesday, I will have regained my taste for food, and the rest of my body will begin working normal again… So enough of that! I had a brain drain yesterday when I told people to call John Kaupisch regarding bonds… I knew that John wasn’t going to be in yesterday and plum forgot! UGH! Looking forward to the 3-day Memorial Day Holiday weekend for sure! Got home in time to see my little granddaughter, Delaney, yesterday… She’s pulling up on everything and crawling around now… Such a cutie! She loves to wave and hi and bye, which is what I need to do right now… Say Good bye Chuck… Good bye Chuck, and I hope you have a Tremendous Thursday!

Chuck Butler
President
EverBank World Markets
1-800-926-4922
1-314-647-3837
www.everbank.com

PFENNIG DISCLOSURE

Source: FOMC Minutes Point To Problems…

Pages: 1 2

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About the Author

Chuck Butler, is the author of The Daily Pfennig, which is republished at The Daily Reckoning. His respected analysis is frequently quoted in or referenced by: the Wall Street Journal, U.S. News and World Report, CBS Market Watch, USA Today, CNNfn, the Chicago Tribune and many other publications.

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The Daily Reckoning offers a "uniquely refreshing" perspective on the global economy, investing and the ability to live well in uncertain times. You will learn what you can expect from today's markets and how to prosper in the face of uncertainty.

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