This week saw government-issued currencies, bonds, and major stock indexes all lower. Commodities were mixed, with precious metals higher, while food and energy were lower. The week’s biggest winner was once again Bitcoin, which gained 8.1%. Gold stocks also rose, with the HUI gaining 2.0%. The largest losses were in coffee and copper, down 6.4% and 5.0% respectively.
Click through for more details and additional commentary on Bitcoin and its relationship to gold.
This week saw a trend reversal, with almost every asset class rising in value; the lone exception was palladium, which fell 3.9%. The week’s biggest winner was once again Bitcoin, which gained 4.4%. Copper and coffee were also strong, rising 3.8% each. All government-issued currencies were higher, led by the Canadian Dollar, which rose 3.0%, […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Dow Jones Industrials, Platinum, S&P 500, Silver, Stocks, US Dollar by
The last two weeks have seen a steady downtrend in government-issued currencies, bonds, and major stock indexes, along with violent swings in Bitcoin and mixed gains and losses in commodities. This week’s biggest winner was Bitcoin, which gained 7.0%, mostly offsetting the prior week’s 8.9% drop. Coffee was also strong, rising 1.7% on top of […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Dow Jones Industrials, Platinum, S&P 500, Silver, Stocks, US Dollar by
The first week of 2017 saw mixed results in every asset category, but currencies were mostly lower, while commodities were mostly higher. The week’s biggest winner was palladium, which gained 8.6%. Gold stocks were also strong, rising 6.3%. Bitcoin displayed the most fireworks, shooting up to a new all-time high of 30.2 grams on Wednesday […]
The last week of 2016 left most asset classes lower, with two glaring exceptions. The week’s biggest winner was gold stocks, which gained 5.4%. Bitcoin also continued to rise, adding another 2.2%, and closing at 25.8 grams. Palladium and silver also rose, but just 0.9% and 0.7% respectively. All other asset classes were lower, led by the S&P 500 and Nikkei 225 indexes, which lost 3.5% apiece.
Look for more posts coming this week covering the 2016 year in review, and taking a closer look at the Dow Jones Industrial Average and its path to the 1,000 level in 1972 and its subsequent rise to near 20,000 today. In the meantime, I wish you the very best for 2017!
Filed under Bitcoin, Bonds, Commodities, Dow Jones Industrials, EUR, Euro, S&P 500, Silver, Stocks, US Dollar by
The week before Christmas was quiet for stocks, bonds, and most currencies, with few assets outside the commodities changing more than 1%. Bitcoin outpaced all other assets, gaining a whopping 17.5% for the week and closing at 25.2 grams. Palladium doubled down on the prior week’s drop, losing another 4.9%, clinching the “weakest asset class” […]
This was a good week for stocks, but mixed for bonds and commodities. The big winner was the Euro STOXX, which gained 6.3% this week on news that the European Central Bank will be extending its low interest rate policy and expanding its quantitative easing programs. US stocks also rallied on the news. Coffee dropped again this week, falling a further 3.6%, the largest loss of any asset class.
For more on currencies, stock markets, bonds and commodities, and for a look back at results for the last year, check out the whole article!
Filed under Bitcoin, Bonds, Commodities, Dow Jones Industrials, Interest Rates, Platinum, S&P 500, Silver, Stocks, US Dollar by
This was a good week for stocks, bonds and currencies, but mixed for commodities. The big winner was crude oil, which gained 13.6% this week on news that OPEC is planning production cuts (it remains to be seen how that will work out for them!) While crude oil was flying, coffee has been falling, down […]
A generally positive week for all asset types, with only coffee, down 2.3%, gold stocks, down 1.6%, and the JPY, off 0.5%, showing losses. The big winner was copper, which after catching it’s breath last week, continued to skyrocket, gaining 10.4% this week. The major stock indexes were all higher, led by the Dow Jones […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Dow Jones Industrials, nz dollars, S&P 500, Silver, Stocks, US Dollar by
Things stabilized a bit this week, with mixed results for most asset classes as investors sorted through the debris of the coming political sea-change in the US. The largest swings were in commodities, with silver the week’s biggest loser, down 9.3%, and cotton and crude oil the week’s biggest winners, up 7.9% and 7.5% respectively. […]
Filed under Banking, Bitcoin, Bonds, Commodities, Counter-party Risk, Platinum, S&P 500, Silver, Stocks, US Dollar by