After last week’s monster surge higher, most asset classes took a breather and pulled back a bit this week. The exceptions were bitcoin, which suffered a stunning drop, gold stocks, which gave up almost all of last week’s gains, and crude oil, which continued to power higher this week. After losing 5.5% last week, Bitcoin dropped […]
Bitcoin was the only falling asset this week, as the US Dollar surged against gold and other currencies, pulling most other assets up with it. Crude oil was especially strong. Bitcoin gave back about a third of last week’s gain, falling 5.5% to close at 2.53 g. Trading volume was slightly higher than last week, […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, gold prices, Platinum, price of gold, S&P 500, Silver, Stocks, US Dollar by 
Markets were mainly higher this week, with gold stocks and silver the only exceptions. Bitcoin more than made up for last week’s losses, gaining 18.8% to close at 2.67 g. Trading volume was light this week, averaging only 73 kg per day. Although all the government currencies were strong this week, the Japanese Yen and the USD traded places, […]
Markets were mixed this week, with currencies mostly stronger and stocks and commodities mostly lower. Cotton continued to lead the way higher, while the biggest decliner was once again Bitcoin. Bitcoin dropped a further 10.5% to close at 2.25 g. Trading volume continues to grow, now averaging 108 kg per day. Expect more volatility – up […]
Markets were mostly higher this week, led by the commodities. Cotton and crude oil advanced the most, while Bitcoin showed the greatest weakness. Bitcoin dropped 12% to close at 2.5 g. Trading volume is beginning to grow again, averaging almost 100 kg per day. Expect more volatility as volume increases. All of the government issued currencies […]
The markets were mixed this week, with most asset classes lower. The biggest exception was gold stocks, which continued their advance for a second week. Bitcoin gave back some of last week’s gain, dropping 1.6% to close just below 2.9 g. Trading volume continued very light throughout the week, but picked up over the weekend. Although […]
After last week’s powerful rally in almost everything but gold stocks, most asset classes pulled back a little this week. The exceptions were Bitcoin, which rose again for the the third week in a row, and gold stocks, which regained part of last week’s massive loss. Bitcoin rose 5.3% to close just above 2.9 g. Trading […]
This week most markets made gains, with the exception of gold stocks. Coffee and Bitcoin were especially strong. Bitcoin rose 7.2% to close at 2.76 g. Trading volume has been declining for the last several weeks. It is encouraging that the seizure of Mt. Gox US bank accounts by the DHS did not spark a selloff. […]
This week most markets continued to make gains, with all assets except silver and coffee advancing. Japanese stocks were especially strong. Bitcoin rose 33.5% to close at 2.57 g. This more than recovers its drop last week. Expect continued volatility! Among the government currencies, the JPY was the weakest, gaining 1.3%, while the CAD was strongest, gaining […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, gold prices, Platinum, price of gold, Silver, Stocks, US Dollar by
This week the markets shifted back into forward gear, with all assets except Bitcoin and the 20 year Treasury Bond advancing. Coffee and copper were especially strong. Bitcoin started the week in an uptrend; trading at over 3 g on Monday, it declined through the week to close at 1.93 g, down 31%. Since early April, […]