Posts by Chuck Butler

Mom, He’s Doing It Again!

June 19, 2018 Blog 0 Comments

June 19, 2018* Euro gets thrown under the bus again by Draghi* Anything you can do, I can do better!Good Day… And a Tom Terrific Tuesday to you! It’s not quite a Tom Terrific Tuesday for the currencies, as they’ve been sold in the overnight markets. The Cardinals come back late, but lose in extra innings last night. UGH! Thanks to all that sent along nice notes about my scans results. I truly appreciate your kind words! The Outlaws greet me this morning with their 9 minute long song: Green Grass and High Tides… My good friend, Mike (from the hood) likes this song when playing songs on our juke box at the local watering hole, because he “gets his money’s worth”… HA!Well, I spilled the beans right out of the starting gate this morning… The currencies got sold in the overnight markets last night… Which is strange to see, because normally, we see the overnight markets be more dollar bearish, but not last night… President Trump upped the ante in this Trade War by telling the mark..

Read More

The Real Trade War Begins!

June 18, 2018 Blog 0 Comments

June 18, 2018* Euro has biggest one day drop!* Gold gets whacked by $23 drop!Good Day, and a Marvelous Monday to you! I sure hope that all the “dads” had a fantastico Father’s Day yesterday… I know I did… It sure was hot here though… 98 degrees and the humidity was tough! We spent most of the day in the pool… I was pleasantly surprised when I walked into my usual Friday afternoon watering hole last week, and saw two of my fave former colleagues waiting for me to arrive! My little Christine, and Danielle, or former office manager, stopped by to say hi! I can’t tell you how much I enjoyed seeing them again! I hired Christine when she was a young 20-something, and taught her the business from the ground floor up. I used to make her come in on the weekends to help me with preparations for the next week’s trading. I don’t think she liked me much back then… But through the years we worked things out, and she was my assistant for over 15 years! OK… enough of that… I don’t want to get..

Read More

It’s Too Late, And The Fed Is In Panic Mode…

June 14, 2018 Blog 0 Comments

June 14, 2018* Currencies rally on U.S. rate hike…* All three anti-dollar assets rally!Good Day… And a Tub Thumpin’ Thursday to you! WOW! It’s Flag Day! So, Happy Flag Day to one and all! Well, for the first time in over a week, I had a good night’s sleep! And woke up ready to fight a bear! Or at least dollar bugs! I watched another night of weak at-bats by my beloved Cardinals last night… They just have no consistency whatsoever, and I blame the manager for that. I’m just saying… The Cornelius Brothers & Sister Rose greet me this morning with their song: It’s Too Late To Turn Back Now…That’s funny, because I think that’s what the Fed Heads are saying to each other about now… It’s too late too turn back now, with their rate hikes that is… Yeah, they sure sounded quite hawkish yesterday, and mentioned that their going to pick up the pace of rate hikes because in their words, “the economy is strong”… But I’m of the opinion that the Fed is hiking rates to fill their quiver with..

Read More