What's that in the sky – Superman?

• Currencies and metals rally on Tuesday.
• The SPT's can't stand to see Gold over $3,400.

Good Day... And a Wonderful Wednesday to you! Man, that was difficult to watch! My beloved Cardinals pitcher game up 8 runs to start the first 3 innings... That was downright ugly pitching, and the pitcher should be sent down the minors and forgotten about! Oh, there goes Outlook again telling me there's a softer way of saying that! Shoot Rudy, if soft was what I was after, I would have said it so his feelings wouldn't be hurt! I talked to my oncologist yesterday about how I've been since the last infusion, and she wants to see me immediately on Thursday... (She secretly has a crush on me and can't stand to have me away for a month! ) HAHAHAHAHAHA As If! Chicago greets me this morning with their song: Does Anybody Really Know What Time It Is?  

It's good for me to see I can still laugh at myself and other things... My good friend, Rick B, sent me a tik-tok video clip of a SNL ski that was all about Beavis and Butthead from the 80's... I laughed until I cried! 

Well, the dollar was sold on Monday night into Tuesday by 2 index points, and then proceeded to stay at down 2 index points all day Tuesday... So, no movement from the overnight selling... I wondered what was going to happen with all the jitters around the POTUS's claim that he would fire Lisa Cook aka Fed head... Well, stocks got sold, but Gold got bought! Gold gained $29 on the day to close at $3,394.

The $3,400 level for Gold has been a stumbling block and it's time in my mind that the Gold traders take it past $3,400 and not look back!

Silver rode Gold's coattails yesterday and gained 24-cents to close at $38.67... I'm waiting for all the Silver pundits to come out and tell us that this is Silver's time to close the gap with Gold... That may happen, in fact Silver normally does outperform Gold when the two rally... That is outperforms on a percentage basis.

The price of Oil remained trading with a $63handle yesterday, and the 10-year Treasury's yield ended the day with a 4.27% yield.

In the overnight markets last night... And once again, the SPT's made sure Gold didn't run past $3,400 as they hit Gold again and the shiny metal is own $19 to start our day today... Silver is really getting the snot kicked out of it and is down 41-cents to start the day today... UGH!  The BBDXY is trading in the same clothes as yesterday, and starts the day at 1,205... The dollar's flight has not connected to the metals this morning, and that's one of the tell-tale signs that the SPT's are at work.

The Price of Oil remained trading with a $63 handle, and the 10-year's yield stuck on 4.27% yesterday, and remains at 4.27% this morning.

Circling back to Silver... I came across this and thought it best I shared it with you regarding Silver... "Physical investment is a structurally important part of global silver demand, and the most volatile. Notably, over the past 15 years, physical silver investment has ranged between a low of 157.2 million ounces (Moz) in 2017 and a record high of 337.6 Moz, established in 2022. With growing geopolitical tensions, rising government debt, and an increasing investor perception that silver is undervalued compared to gold, the silver price has experienced a 34 percent year-to-date increase. By comparison, the white metal is outperforming gold, which is up 28 percent, and Bitcoin, rising 18 percent year-to-date." -sharps pixley.

Chuck again... I agree, physical ownership is very important to not only Silver but Gold too... if you can't hold it, you don't own it... That was what a trader told me many, many years ago. 

Do you ever get the feeling that, here we are with the dollar on tenterhooks, the Debt unsustainable because of the debt servicing costs, and the overall confidence in it all is weak at best, but somehow, someway, just as we near the cliff, something will take place that brings it all back and gets people loving the U.S. again? 

I do, because I read a LOT, and come away with thoughts that we, as a country could very well bypass the default stage by some unknown miracle.

Well, now there's this that was reported on the International Man site... The Mar-A-Lago Accord could be that "miracle"... I guess we'll have to wait-n-see, and this is no spoiler alert, because I don't have an inkling of what the Accord contains, but if rumors are true, it contains a way to reset the price of Gold, and to tie to the dollar somehow.

So, I hope the powers that be don't make us wait too long to find out the contents of the Accord... But I'm sure they will, they'' have to play this out so that the dark shadows are cast on the U.S. and just when everything looks like it's crashing in on us, they will pull out the Accord like a magician pulls a rabbit out of his hat, and Suddenly, the sky is blue, the sun is shining and there's nothing but seashells and balloons ... I'm just saying.

The U.S. Data Cupboard yesterday had the July Durable Goods Orders, and just like I said they would, they printed negative -2.8%... Today's Data Cupboard is barren, so there's that.

To recap... The dollar hasn't moved in a day, but Gold & Silver sure has, as yesterday they rallied big time, and today they are seeing the SPT's back at COMEX with arms full of short metals trades... I told you yesterday that the POTUS had stirred up Wall St by announcing that he had fired a Fed Head (Lisa Cook)... There's never a dull day in the POTUS's world.

Here's your snippet: "(Reuters) -U.S. consumers with the highest credit scores are starting to fall behind in debt repayments, credit scoring company VantageScore said in a report published on Monday, in a sign that Americans' financial health may be deteriorating more broadly.

Late repayments over 90 days were up 109% year-over-year in the VantageScore superprime segment, while the prime segment posted a 47% increase year-over-year.

In relative terms the sharpest increase in delinquencies was seen in superprime and prime customers who are typically considered the most financially secure, Rikard Bandebo, chief economist at VantageScore, said.

"Even though in absolute terms the increase is modest, it shows that even consumers considered the most credit-healthy are also beginning to see some stress with regard to repayments."

There has also been an uptick in late-stage delinquencies in auto loans and mortgages, as consumers grapple with budget strains, Bandebo added.

Defaults in early stage, which constitute late repayments between 30 days and 59 days, increased at the fastest pace in auto loans and mortgages.

"Defaults on secured loans, such as mortgages, typically happen only when the pressure on finances is too much for the consumer to manage," he said.

Prime customers have credit scores between 661-780, while super prime customers have scores between 781-850, according to VantageScore.

Americans are getting more sensitive to price changes. Walmart, the world's largest retailer, has scooped up market share from rivals as wealthier consumers frequent the store more often, worried about the effects of tariffs on prices.

U.S. consumer sentiment also softened in August as households anticipated higher goods prices because of import tariffs. Inflation concerns have been weighing on consumers."

Chuck again... Well, you know how I took care of not ending up on one those delinquent lists? Not have DEBT! I know for lots of people that's not possible, but if you just put your mind to cleaning up your debt, you'll be amazed how far you get! I got into a lot of trouble when I first said this years ago... Debt is Slavery...  But those folks in marketing that didn't like that, aren't around any longer, so neener neener neener.... I tried to explain to them that it was the title of a book, but they weren't buying it.

Market Prices 8/27/2025: American Style: A$.6467, kiwi .5822, C$ .7221, euro 1.1583, sterling 1.3426, Swiss $1.2394, European Style: rand 17.7582, krone 10.1832, SEK 9.5965, forint 342.63, zloty 3.6869, koruna 21.1815, RUB 81.34, yen 148.14, sing 1.2895, HHD 7.7832, INR 87.65, China 7.1627, peso 18.72, BRL 5.4316, BBDXY 1,205, Dollar Index 98.65, Oil $63.65, 10-year 4.27%, Silver $38.26, Platinum $1,346.00, Palladium $1,111.00, Copper $4.48, and Gold... $3,375.

That's it for today... I have doctor appts on back-to-back days starting tomorrow... UGH! I have to see a new doctor on Friday about my AFib... that should be interesting... Today is doctor free! So, I think I'll settle into my chair outside and do some reading in the warm sun... The temps here in St. Louis have really dropped from the usual temps in August... Strange? You bet it is! This weather reminds me of summers in Vancouver... Or San Diego... Or Denver... all places that normally experience temps like we're having now... Radiohead takes us to the finish line today with their song: Karma Police...  I hope you have a Wonderful Wednesday today, and Please Be Good To Yourself!