Every asset class except gold stocks was higher this week. The HUI ‘Gold Bugs’ index fell 2.3% to close at 8.12 grams, about 8% above its low for the year. The strongest assets were commodities. In the lead was cotton, which rose 4.6% this week to close at 13.1 mg/lb – recovering most of last […]
Currencies and bonds reversed course this week, with all but Bitcoin moving lower. Stocks rose across the board, with the HUI gold stocks leading the way, and the Nikkei, hindered by the weak yen, rising the least. Commodities were mixed, with metals and energy higher, while cotton and coffee moved lower. Bitcoin, the strongest asset of […]
This was a good week for most asset classes, with currencies and bonds all higher, stocks mixed, and commodities all higher except for coffee, which made a new all-time low of 26.3 mg/lb on Tuesday, but rallied to finish the week down 0.3% at 26.7 mg/lb. Bitcoin was in a league of its own this […]
We made it safely around Cape Hatteras (aka “The Graveyard of the Atlantic”) and have arrived in North Carolina. I will be off the boat for Thanksgiving, continuing the trip south in couple of weeks. A full set of chart updates is now online. Thanks for your patience! **** Updates may be a little late […]
This week saw massive coordinated central bank “easing”, aka money printing, with the ECB promising unlimited new bond purchases to bail out the Eurozone and the German high court giving it’s go-ahead, with the result that the EUR dropped to new all-time lows before experiencing a little “shadenfruede recovery” on the Fed’s announcement and closing […]
This was a bad week for most investments, with announcements of QE in Europe, and hints and rumors of QE from the Fed pushing down all the major currencies, and hurting most of the investments denominated in them. The biggest loser was TLT, our proxy for long tern treasury bonds, off 7.2%. See the chart […]
I got a great question in my email this morning, and I’d like to share it, and my answer, with you. Using your methods, how can one know when gold and silver are grossly overvalued? Much like the tech stocks around 2000-2001? I don’t think of it in quite those terms… I use gold as […]
Filed under gold prices, Interest Rates, money gold, Money Supply, price of gold, Silver, US Dollar by 
Last week saw yet another reversal from the week before; once again, the only thing in common was the continuing decline in silver and copper, now in its 3rd week. Currencies gained back some of what they lost the week before, lead by the CAD, which rose 1.8%. Bonds were higher, the SHY up 1% […]
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, monetary universe, S&P 500, Silver, Stocks, US Dollar by
Last week showed many gains and few losses. Once again commodities lead the way, with crude oil up 6.7% and coffee up 2.6%. Silver and copper were each down 0.3% – the largest losses for the week. Gold and silver mining stocks also suffered, falling 0.2% for the week. Currencies were all up, with the […]
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, S&P 500, Silver, Stocks, US Dollar by
Market Update, 29 Jun 2012 This week saw a reversal of last week’s trend, with almost all investment categories showing losses. Currencies and bonds were all lower, on news of new European bank bailouts and fears that next week will bring further easing from the ECB and Bank of England. Most stock markets were also […]
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, Interest Rates, S&P 500, Silver, Stocks by