fxstreet.com 04 Feb, 2021 13:15 am

Currencies continue to drift

Currencies continue to drift
Gold & Silver are getting sold this morning... The waning years of the Empire of Debt? Good Day… And a Tub Thumpin’ Thursday to you! Another nice win

I really don’t know where the day went yesterday… I never left the condo, and wore a heavy jacket all day, for it was chilly in the condo… One of my condo neighbors brought me a piece of cheesecake yesterday, as his wife was worried about me… I put it in the fridge, because I can’t eat sweets, so it’ll be there for Kathy returns on Sunday.And in the Eurozone will print their Retail Sales report for December… I don’t know, but I’m thinking that the Eurozone will not print a negative Retail Sales for December like we did here in the U.You know history may not repeat itself, but it’s always near the scene of the crime… And with aircraft carrier units sailing in the South Pacific heading toward China, Gold can’t find a bid… Is there some secret plans I don’t know about, to stay away from Gold?Today’s Cupboard has the usual Thursday fare of Weekly Initial Jobless Claims, and in addition it will serve up the 4th QTR Productivity report, which to me is stupid… And we can’t forget that Factory Orders will also print today, this being their December report… So a decline in this number is all lined up by the previous prints of Durable Goods, the ISM Index, Retail Sales and Personal Spending… I guess we’ll see what the accountants have in mind for this report today… To recap… The currencies didn’t move again on Wednesday, but Gold dropped $3 and Silver dropped by 17-cents, and both are down in the early trading this morning.

Chiefs playing the Tampa Bay Bucs… The Chiefs are going for back-to-back Super Bowl wins, which is actually kind of rare… So, they have that going against them, and they'll face the QB who’s won the most Super Bowls, Tom Brady… I’m not a Brady fan, never have been, and so my alliance with the Chiefs is even stronger because of that… Cat Stevens takes us to the finish line today with his song: If You Want To Sing Out, Sing Out….“if you want to sing out, sing out, and if you want to be free, be free, ‘cause there’s a million things to be… “  I hope you have a Tub Thumpin’ Thursday and a Fantastico Friday tomorrow, and please Be Good To Yourself!

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