Reader Tony Lewis recently wrote to me with some excellent questions: So when looking at your charts, in your opinion, would it be sound to buy when something is historically low in terms of gold grams? And what about gold itself? Is there a chart that determines when to buy gold? Let’s start with the […]
Filed under Bitcoin, Bonds, Coffee, Commodities, EUR, gold prices, Platinum, price of gold, S&P 500, Stocks, US Dollar by
The huge winner last week was the Swiss Franc. The Swiss central bank did a sudden about-face last Thursday, dropping its peg to the Euro, and the CHF rose 13.4% for the week while all other major currencies fell 3%-6%.The only other asset category in the black was the HUI gold stock index, which is […]
Filed under Bitcoin, Bonds, Dow Jones Industrials, EUR, Euro, money gold, Platinum, Real Estate, S&P 500, Silver, Stocks, US Dollar by
This week, government currencies and bonds were higher, while stocks and commodities were mixed. Long term treasuries, represented by TLT, had some of the largest gains both for the last week and the last month, but it may be time to sell – more on that later in this update. Bitcoin and the HUI gold […]
This week, most asset categories were higher with coffee and crude oil making the biggest gains; the exceptions were copper and silver. Over the last month, currencies, bonds, and stocks (other than mining shares) were lower, while commodities were mixed. Government currencies are generally lower today than they were a year ago, especially the JPY […]
This week’s biggest winner was gold stocks, up 3.9%, followed by cotton and copper, which rose 2.9% and 2.2% respectively. The biggest drop was in Bitcoin, down 4.6%, followed by crude oil which lost 3.7%. Government currencies, stocks, and short term bonds were all down slightly for the week, while long term bonds gained 1.0%. The […]
This week the markets were almost all lower, with Japanese stocks, copper and crude oil seeing the largest declines. The only rising market was gold stocks, which managed a 2.7% gain. Checking the charts, conventional equities are now heading into bear market territory, with the Dow and Nikkei closing the week solidly below their 200 […]
This week saw rallies in Coffee and Cotton, and a decline in Copper and long term bonds. Bitcoin continues to hold at a fairly high level despite the failure of Mt Gox, once the largest Bitcoin exchange, but recently marginalized by problems with withdrawals of bitcoins and government currencies. It will be interesting to see […]
Filed under Banking, Bitcoin, Bonds, Coffee, Commodities by
Over the last week, and over the last month, assets have followed the same basic pattern: stocks mostly higher and currencies, bonds, and commodities mostly lower. Bitcoin has been the biggest winner by far, rising 29% in the last week and 179% over the last month. In addition to the fast rising price, global trading […]
Markets were almost all higher this week, with only the HUI gold stocks losing ground. Bitcoin and the Japanese Nikkei stocks gained more than any other asset classes. The USD and JPY the strongest of the government-issued currencies. On Friday I was a guest on Power Trading Radio with John O’Donnell. We talk about stocks, […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, Platinum, price of gold, S&P 500, Silver, Stocks, US Dollar by
Markets were mostly higher this week, with government currencies, bonds and commodities all up while stocks were mixed and Bitcoin was slightly lower. The Japanese Yen gained more than any other asset class, while the HUI mining stocks lost the most ground. The JPY rose 3.7%, followed by the Euro, which gained 3.1%. The USD rose 2.4%, […]