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.
Markets were mixed this week, with currencies and bonds mostly higher while stocks and commodities were mostly lower. Bitcoin gained more than any other asset class, while silver lost the most ground.
Markets were mostly lower this week. Bitcoin and crude oil fell more than any other asset classes, while silver was the biggest winner. Copper and the Nikkei stocks were the only other assets in the black.
Markets were mostly lower this week. Bitcoin gained more than any other asset class, while gold stocks showed the greatest losses. Silver and long term bonds were the only other assets in the black.
This was a mixed week for everything but government issued currencies, which were all lower. Bitcoin gained more than any other asset class, while cotton and coffee showed the greatest losses. Precious metals gained slightly, and gold stocks were unchanged. This assessment is based on the London PM fix; if the New York close was used instead, most prices given would be about 1.5% lower, and every asset class but silver and Bitcoin would be in the red for the week.
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Currency, bond, and equity markets (other than gold stocks) were lower this week, while commodities were mixed. Crude oil's fall accelerated, while silver rocketed higher. But the most important price action this week was in the collapse of the long bond.
The markets were mixed this week, with bonds and currencies little changed, stocks generally lower, and commodities mostly higher. The HUI gold stocks moved up with the commodity complex; crude oil was the only commodity to close down for the week.
Most markets moved higher this week, led by Bitcoin and the Nikkei stocks. The exceptions were silver, coffee, and especially gold stocks, which fell more than any other investment class.
Currencies all rose, led by Bitcoin, up 10.9%, and the Japanese Yen, which gained 3.6%. The USD rose 1.7% to 23.8 mg, putting it 52.3% above its half-life curve. The CAD was the laggard, gaining back the 1.6% it lost in the prior week. Bitcoin trading was a bit more active, with an average 67 kg worth of BTC changing hands each day – about double the daily volume for the previous week.
Most markets were sharply lower this week; the exceptions were bitcoin, gold stocks, and silver. Most significant was the rise in the HUI gold stock index, which climbed all the way to 6.1 g before closing at 6.0 g, 15% above its recent low.
More on Market Update 26 Jul 2013: Gold Stock Rally Continues
Markets were mixed this week, with currencies lower and commodities mostly higher. Two things stand out: Gold stocks, which may be making a bottom, and silver, which continued falling to a new low for this move.