Another day, another selling session

• Metals continue to get sent to the woodshed.

• It's an FOMC week.

Good Day... And a Marvelous Monday to you! A rainy weekend for us here, but we needed the rain so whatever came was welcomed.. That is unless you planned some outdoor activities! I've always said that you have to go through days like that to enjoy the sunny, great days! My beloved Mizzou Tigers fell VS the Commodores last Saturday, as they also lost their starting QB due to injury, and had to play the remainder of the game with a true Freshman at QB... UGH! There goes the Tigers run to the College Playoffs... UGH! It made me so sad on Saturday, I didn't want to talk to anyone! Golden Earring greets me this morning with their great 70's hit song: Radar love

Well, the dollar is range trading these days... The BBDXY ended the week at 1,212, which it has been for the last 4 trading days... What gives? Well, there's no reason to be buying dollars, and the sellers are too coward to press the issue with the PPT hiding behind the door. The last time the dollar sellers tried to take the dollar lower, the PPT came in a made them suffer... So, I guess I get the cowardness, but only to a degree... You only score a goal when you shoot, and you only get what you want when you dare to press the issue... I'm just saying...

Gold ended the week it would like to forget about as it was subjected to the short paper sellers day after day last week. I won't go through the daily engineered takedowns, but I will tell you that Gold ended the week at $4,111... That's a long way from the high it held on Monday last week $4,357... So, do you think the SPTs are finished taking down Gold? I wonder if they have done enough to scared everyone that was on the fence about buying Gold, away?  

Silver suffered the same fate as Gold last week, with Silver being sold to end the week at $48.52... The SPTs really made a point of telling us that they did not want to see Silver over $50... Silver's high for the week was put in on Monday at $52.44... The same pep talk needs to made to Silver as I performed for Gold...  

The POTUS announced more tariffs for China last week, and that news sent the price of Oil higher... And news of one of Russia's largest Oil refineries was stuck by Ukrainian missiles also sent the price of Oil higher, and it ended the week trading with a $61 handle... Just when I was moaning last week about how I had bought an Oil play currency! 

And the 10-year Treasury finally saw the manipulation of its yield downward come to an end late last week and immediately saw some selling that brought the bond's yield upward to 4.02% to end the week. 

In the overnight markets last night... The short selling of Gold & Silver continued throughout the night, and Gold is down $79 to start our day/ week. Silver is down $1.05 to start our day / week. The dollar finally moved off of the 1,1212 in the BDXY last night, with the index falling 2 index points to start our week. The week of a FOMC meeting that will most likely bring about another rate cut.  

The price of Oil remained trading with a $61 handle, and the 10-year inched higher with its yield at 4.02% to start the week.  

I want to point out something here that I think is important... Gold is in the middle of what Kitco.com calls a "consolidation" which it may be, but I prefer to call it an engineered takedown. Any way you call it, it's still getting sold, and the question arises "When will the selling end"?  Well, I would be fool hardy to say that I know how to tell when the short sellers have had enough... But I will point out that I'm not concerned about Gold's drop, because it's still trading above its 200-dayd moving avg... To me, that's important, and something that has occurred every time the SPTs take Gold to the woodshed. And that usually means that once the selling is over, then Gold picks up the pieces and proceeds to gain a price higher than it was before the selling began... 

So, somewhere in this selling is a buying opportunity... An opportunity that doesn't come around very often, and one that's screaming, there's a Blue Light Special in Aisle 10! So, come one, come all to the Blue Light Special, it won't last too much longer, so do not procrastinate! 

Well, bust my buttons! Last week the U.S. government added $1 trillion to the national debt in just 71 days—from $37 trillion to $38 trillion in a matter of months. Now, that certainly didn't take too long now did it?  

I'm not shocked that the debt is now $38 Trillion, just how quickly we got there! Recall Gov't accounting in school? Compounding interest? Well, the debt is giving Compounding interest a new name... Compounding debt!  

The upward tick in the price of Oil has perked up the Petrol Currencies who have laid dormant for some time now... Currencies like the Norwegian krone, Russian ruble, Canadian loon, and Mexican peso are some of the Petrol Currencies that usually leas the pack when the price of Oil rises... 

The US government shutdown is now rapidly approaching the time when the tens of thousands of employees who keep security lines moving and air traffic safe will miss a full paycheck. David Shepardson tells the Reuters World News podcast when that happens, it could finally force action in Washington. 

And this from Reuters: "The White House said there will not be a release of inflation data in November because of the shutdown. States warned that people might not receive food aid next month." Uh-Oh! 

OK, so the government on one hand says "no release of inflation" and then CNBC reports the following: "The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%. Economists surveyed by Dow Jones had been looking for respective readings of 0.4% and 3.1%. The annual rate reflected a 0.1 percentage point uptick from August.

The CPI reading is the only official economic data allowed to be released during the government shutdown."

Ok, so that explains everything... NOT! But what did I tell you a month or so ago, when the talk was all about a rate cut? That cutting rates now, while inflation was still above 2% and with money supply soaring, that it was a recipe for higher inflation in the coming months! And what do we have now? Higher inflation and it's just getting started, folks...  

Well, this week will bring us to another FOMC meeting that will be held on two days this week,(get the board games out!) and will most likely bring about yet another rate cut that is not needed... I think that the SPTs got wind of the rate cut, and figured that (rate cut) would be a springboard for higher levels for the two metals, and decided to take Gold & Silver down to lower levels to start their rise... 

I find that putting myself in the SPTs state of mind, helps me to come up with that stuff! I used to do that same thing with Big Al Greenspan, putting myself in his state of mind, led me to being ahead of the FOMC... Not bragging, just stating facts... 

The news stories are full of article about how Gold & Silver have topped... I have something for you on this in the FWIW section today, but first, I wanted to point out something that is obvious to me... Consumer demand is still lacking... And to my point of view Consumers are usually the last to get in on a rising item, and when they do they drive the price so high that the euphoria goes crazy... And that scene hasn't happened just yet.. So, with that information, I think all those articles about Gold & Silver topping out are dead wrong! Just my two cents worth... 

I've already brought up the U.S. Data Cupboard, and inflation... the FOMC meeting this week will be the BIG Kahuna of events this week... But one that will be muted in effect, for most of the world has already priced in another rate cut... I'm just saying... 

To recap... Gold & Silver ended last week down, after suffering through 4 consecutive days of short selling, and engineered takedowns by the SPTs... The dollar has been stuck in the mud for 4 days too... The price of Oil has perked up, and the yield on the 10-year's buying has disappeared for now... 

For What It's Worth... Well, I presold this above, but here it is...

Here's your snippet: "Gold's record-breaking run snapped on Tuesday, tumbling in its worst single-day drop in 12 years after a historic rally.

Still, the yellow metal's underlying supply-and-demand dynamics remain solid — even at "significantly overbought" levels in the short term, wrote analysts at Lombard Odier, a Swiss private bank, in a note on Tuesday.

"Technical signals are challenged by today's more fundamental environment of accelerating demand and constrained supply," wrote Kiran Kowshik, a global foreign exchange strategist, and Luca Bindelli, the bank's head of investment strategy.

Prices have climbed as much as 60%, as investors — from central banks to private funds — sought protection from persistent inflation, widening fiscal deficits, and geopolitical risk. At the same time, supply remains constrained.

That dynamic will likely support prices, with official-sector demand a key stabilizing force for gold.

"Central banks still create a higher gold 'floor,'" the strategists wrote, adding that the institutions have steadily built up their gold holdings since 2008.

"Over many centuries, gold has offered — and continues to offer — currency-like characteristics: it serves as a medium of exchange, a unit of account and a store of value," they added."

Chuck Again... yes, a "store of value" it once provided that and still does!

Market Prices 10/27/2025: American Style: A$ .6557, .kiwi .5766, C$ .7154, euro 1.1648, sterling 1.3349, Swiss $1.2577, European Style: rand 17.2041, krone 9.9944, SEK 9.3673, forint 334.27, zloty 3.6467, koruna 20.8847, RUB 79.13, yen 152.62, sing 1.2959, HKD 7.7611, INR 88.39, China 7.1058, peso 18.39, BRL 5.3658, BBDXY 1,210, Dollar Index 99.04, Oil $61.46, 10-year 4.02%, Silver $47.47, Platinum $1,595.00, Palladium $1,437.00, Copper $5.17, and Gold... $4,032.

That's it for today... The World Series in baseball is on its way, with 2 games played so far and the Dodger and Blue Jays have each won one game. The series now goes to L.A. For 3 games... I'm torn here because I root for the Blue Jays, but I've always rooted for the National League in the Series... I don't have any Dr. appts this week, and next week I go to Florida! My oncologist was concerned that I don't drink enough water... I told her " I've had a problem with retaining water, why would I put more in my body?" She had a response that I really didn't listen to... Other than that my bloodwork was good, scans were good, so I'm still here kicking! Buddy Miles takes us to the finish line today with his song: Down By The River... I hope you have a Marvelous Monday today, and Please Be Good To Yourself!