More Profit Taking
May 28th, 2008 | By Chuck Butler | Category: Politics & EconomicsCurrencies today 5/28/08: A$ .9575, kiwi .7848, C$ 1.0055, euro 1.5660, sterling 1.9750, Swiss .9630, ISK 73.50, rand 7.72, krone 5.0250, SEK 5.96, forint 155.95, zloty 2.1720, koruna 16.0950, yen 104.80, baht 32.45, sing 1.3630, HKD 7.8050, INR 42.78, China 6.94, pesos 10.37, BRL 1.6650, dollar index 72.43, Oil $127, Silver $17.25, and Gold… $893
That’s it for today… Sorry for the soap box, but I just saw that stuff and it got me going! I’ve told you about the book I’m reading, Greenspan’s Bubbles, by Bill Fleckenstein. Well… I have a reader that wrote the first book pointing out Big Al’s bad decisions called, Who Shot Goldilocks?, and he sent me a copy! So, now I have two books that I can refer to, when blasting the “maestro” (NOT!)… The author even included a CD with an update to the book! I overslept this morning; yesterday was a long day. I never (I guess I can’t say never any longer!) hit the off button and go back to sleep! But I did this morning… So… I had better get this on the distribution server, so the squirrels they have running it can get warmed up! I hope you have a Wonderful Wednesday!
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Editor’s Note: Chuck Butler is the senior vice president of EverBank World Markets. He oversees the trading desk and operations for over 12,000 individual and corporate clients, both in the United States and abroad, who look to EverBank for FDIC-insured World Currency Deposit Accounts, and Single-Currency and Index CDs .
Source: More Profit Taking
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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.
