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, […]
This week saw a pullback after the prior week’s monster rally. Government-issued currencies, stocks and bonds all gave up about half of last week’s gains, while Bitcoin continued its recovery. Commodities were mixed, with silver continuing to fall, crude oil continuing to rise. The week’s biggest loser was coffee, which gave back much of its […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, Platinum, Silver, Stocks, US Dollar by
Another “mostly higher” week, led by a massive rally in all currencies. The only asset classes that fell for the week were silver bullion and gold stocks. Bitcoin had another volatile week, but in the end recovered strongly from last week’s “crash”, leading all other asset classes by rising 52.5% to finish at 2,643 mg. It’s not over […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Dow Jones Industrials, Platinum, S&P 500, Silver, Stocks, US Dollar by
All asset classes but Bitcoin, coffee, JPY, and mining stocks were higher this week. Bitcoin ended a wild week down 38.7% at 1693 mg, after trading has high as 5,253 mg and as low as 1,099 mg. Friday had the largest volume ever traded for Bitcoin, over 964 kg. As I forecast last week, this kind of […]
All but three asset classes were lower this week, the gainers being Bitcoin, gold stocks, and long dated treasuries. Bitcoin ended the week up 51.8% at 1,392 mg, after setting another record high every day this week. The latest round of panic buying seems to have been triggered by the partial bank account confiscation plan announced in Cyprus. […]