Gold has fallen below the $ 3,400 level

Good Day... and a Wonderful Wednesday to you! Well, my beloved Cardinals woke up last night and discovered their bats! 10 to 4 they won the game with the Braves--- Now, if they can keep from getting shutout tonight that would be great! Ok, I'm having a Big Problem this morning, it's not a 3rd world problem but a Big problem for me and this letter;

My laptop just shut down on me yesterday, it won't take a charge and just sits here with a black screen.. I guess I'm going to have to pay a visit to the Geek Squad today--

So, I'm trying to compose the Pfennig using my iPad--- and this is a royal pain in the rear!

So, I'll give you a brief recap of what went on yesterday and the currency roundup, and all it a day--- sorry

Well, the dollar continued to get bought yesterday and last night... The BBDXY has gained 5 index points t0;1,221 as i write--- the interveners have been quite active in the dollar and the metals.

Good lost ground yesterday after rallying to $3,500 and change--- that's when the short paper traders engineered a takedown that changed the direction of Gold--- overnight the selling of Gold continued and Gold is down $27 to start our day today and has fallen below the $ 3,400 level...

Here's Ed Steer this morning: "It was also obvious that the collusive commercial traders of whatever stripe/short sellers of last resort were trying to break this rally. In the process, 'da boyz' painted a key reversal to the downside on its Tuesday candle on its 6-month chart below....which was certainly deliberate. Then the icing on the cake was the $50+ gap down at the 6:00 p.m. Globex open yesterday evening at the most thinly-traded and illiquid time of day."

Chuck again--- I love to bring Ed Steer into the Pfennig you, dear reader, get to hear someone else's viewpoint on the short paper traders,

There's nothing in the U,S, Data cupboard today.

To recap... the interveeners were rampart yesterday and last night--- it will be interesting to see where the guys want to take the dollar and metals::

Market Prices 4/23/2025; American Style; A$ ,6406, kiwi .5984, C$ .7217, euro 1.1404, sterling $ 1.3367, Swiss $ 1.2143, European Style; Rand 18.5798, krone 10.4044, SEK 9.5808, forint 358.48, zloty 3.7651, koruna 21.9435, RUB 82.98, yen 14178, sing 1.3107, HKD 7.7692, INR 85.45, China 7.2882, peso 19.55, BRL 5.7245, BBDXY 1,221, Dollar Index 99.13, Oil $64.25, 10 year 4.30%, Silver $ 32.96, Platinum $969.00, palladium $ 944.00, Copper $4.97, and Gold... $3,399.67.

That's it for today and this week... hopefully the Geek Squad can get my laptop back in working order by Monday... Alice In Chains take us to the finish line today with their song; Down In Hole... I hope you have a wonderful Wednesday today, please Be Good To Yourself.