I'm really dragging today

Good Day... And A Tub Thumpin' Thursday to one and all! Well, I head from the subscribing doctor yesterday, and he told me that I had done the right thing is stopping the medicine... Now, I have to see how long it stays in my system before I am normal again... Yeah, like normal for me, that is... My scalp is getting better, but I still need to wear a baseball cap when I'm in public! My youngest grandson was with us last night... I rewatched the hole 12 episodes of: A Band of Brothers yesterday, ending late last night... what a great series! The Spinners greet me this morning with their song: I'll Be Around...

The dollar continued to get bought yesterday and was up 2 index points in the BBDXY. The dollar closed at 1,232... I said about all I have to say about the dollar's warpath that started on Tuesday, when 2 Fed head FOMC members said that they were OK, with a higher rate hike... Go ahead and keep hiking rates higher, and see what the gives you when the propeller heads add up the debt servicing costs... the total in interest paid on our debt will be through the roof!

And there was little to no volume in Gold trading and what there was equaled what was getting sold short... Gold lost $44 on the day and fell back to below $4,000. Gold ended the day at $3,989... And Silver found its way through the gauntlet of short sellers and gained 13-cents to end the day at $51.55

Price of Oil didn't move much on the day, and ended the day with an $86 handle, while the 10-year Treasury came off their ugly auction on Tues. And remained at 4.99% yield...

The overnight markets last night.... I watched the dollar lose a little, so the buying had stopped...But then as the morning came and the dollar buying came on and the BBDXY has gained 1 index point to start the day at 1232... I say that I watched because I did! Unable to fall back to sleep led me to a very tired self... Lucky me!

The 10-year Treasury has bumped higher to start the day at 5.02%, I just knew that it would get back to 5%.. And the POTUS is to blame for this rise... The POTUS said that "we don't need a deal with Iran.." those words were very powerful...

The should have bumped up the price of Oil, but for now, it isn't...  

The 10-year's rise is tied to this too... And the call for a 50 BPS rate hike is really becoming a thing in the markets... the bets that it will be 50 BPS growing life a weed... 

The BIG NEWS this morning is that NVIDIA has seen an uproar as CEO Huang has resigned... This will look for a BIG drop in stocks and especially those tied to AI... Unless you've living under a rock, you'll already know that this is BIG, because Huan's guidance and hands on leadership has guided NVIDIA to the high levels it has reached... Not that this has a lot to do with what we talk about here, it's going to hurt the dollar folks... 

But nothing seems to stop the dollar buying going on right now... The FOMC members who talked about moving to a 50 BPS rate hike has really got the dollar moving here... I have to think that this is a case of buy the rumor and sell the fact.. Because a 50 BPS rate hike is going to add to the debt servicing cost that already took over the total of everything on our budget except Social Sec. Yes, it was larger than Defense last year, and now... 

But the markets don't even care about that, and they should.... It's as if they have blinders on toward the dollar's problems... And I don't get it... I would think that it would be on tops on their list... But NOOOOOOO! They just shrug their shoulders and go on marking up the dollar.. I've come to the conclusion that the dollar is similar to burning out star.... It always shines the brightest right before it burns out...

The U.S. Data Cupboard as just the Weekly Initial Jobless Claims for us today, and tomorrow we'll see the PPI for Rocktober... expect that the PPI is just as scary as the STUPID CPI... The Treasury will also announce their monthly balance... 

To recap... the dollar continues to get bought on a 50 BPS rate hike call... Chuck thinks that the markets are looking at this all wrong... We'll see... The price of Oil stays steady Eddie as the POTUS says that we don't need a stinking deal with Iran, but the 10-year bounced higher to 5.02% on the news And NVIDIA will get a new CEO... 

For What It's Worth... I found this on Bloonbers.com this morning... the news is a non-event, unless you're stock jockey or that you really want to become an Oil trader... This is about the tankers in the Gulf that were on fire and the costs to each country...

Or, here's you're snippet" "As US President Donald Trump threatens renewed attacks against Iran, Tehran’s intermittent strikes on commercial vessels have left the two sides locked in a painful economic standoff.

For Iran, the US blockade of its oil exports has snuffed out a key part of its military funding and severely hobbled the $300 billion economy, with only a tiny fraction of the prewar 2 million barrels per day are leaving the country via land routes.

And for the US, the rising cost of shipping oil through the Strait of Hormuz — even though US Central Command says almost all Iranian attacks there fail or are intercepted — has kept fuel prices high, stirring a political backlash at home with the midterm elections fast approaching.

Iran doesn’t even need a high tempo of attacks to keep oil prices elevated; although shipments through the strait are at about 80% of prewar levels, the associated risk has inflated insurance costs. It was more expensive in early October to hire a supertanker in some parts of the world than it was to send a rocket into space.'

Chuck Again... A real problem for the U.S. and Iran...this will keep energy prices at elevated levels... 

Market Prices 11/12/2026: American Style: A$.6829, kiwi .5559, C$ .7022, euro 1.1092, sterling 1.3365, Swiss $1.2004, European Style: rand 16.7128, krone 9.5938, SEK 9.9884, forint 328.88, zloty 3.9738, koruna 21.9817, RUB 82.75, yen 159.69, sing 1.2856, HKD 7.8447, INR 94.04, China 6.6703, peso 18,65, BRL 5.6044. BBDXY 1,233. Dollar Index 102.84, Oil $86.27, 10-year 5.02%, Silver $50.80, Platinum $1,535.00, Palladium $1,031.00, Copper $6.19, and Gold... $3,902

That's it for today and this week.... Well, it's that time of year again... I have Pandor's Smooth Jazz Christmas station on, so for now until after Christmas, I'll be telling you about the Christmas song that's playing... They really play some really cool songs on this station... I'm on the mend... my breathing is still a problem, but I'm regaining some strength so that's good... In a few minutes I'm going to see if I'm totally winded climbing the stairs... Peter White takes us to the finish line today with his version of the song, Greensleeves... I hope you have a Tub Thumpin" Thursday today, and Please Be Good To Yourself!