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. […]
Most assets were lower this week, with the major exceptions being Bitcoin, the free market online currency, and Cotton. Bitcoin ended the week up 8% at 917 mg, after recording another all-time high of 938 mg on Monday. Things got exciting the next day, as high transaction volumes caused two different versions of the Bitcoin mining software to update the […]
It was another mixed week, with government currencies and long bonds lower, while stocks and commodities moved higher. Bitcoin, the free market online currency, ended the week up 26% at 849 mg, after recording another all-time high of 893 mg on Wednesday. If you have a time-horizon of a few years, don’t let these prices scare you away… Bitcoin […]
In a week when most assets turned in excellent performances, bitcoin once again outshone all others. The only things that lost ground this week were mining stocks and silver. Currencies were all higher, led by bitcoin, which added an astounding 24.6% to close at 520.7 mg, within spitting distance of its all-time high of 598 […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, Platinum, Real Estate, S&P 500, Silver, Stocks, US Dollar by 
Bitcoin continued to rocket upward this week, with long term treasuries a distant second place. Coffee and the Nikkei Index were the biggest losers. Government issued currencies were mixed, with the Yen down 2.6% and the Euro down 0.5%, while the Canadian Dollar rose 0.5% and the US Dollar was unchanged. In contrast, the free […]
This was a good week for everything but gold stocks and coffee. All the currencies were higher, led by the free market Bitcoin, which continued its near vertical ascent, adding 8.1% to last week’s 9.1% rise, closing at 312.2 mg. The Euro was the strongest of the government issued currencies, up 1.8% while the CAD […]
Stocks, bonds, and currencies (other than Bitcoin) were weaker this week, while commodities, with the exception of copper, were higher. Among the government issued currencies, the Japanese Yen was weakest, falling 2.8%, while the Euro was the “least weak”, declining only 0.3%. The US Dollar ended 2012 right at its 200 day moving-average, pushed above it […]
This was a volatile week, but most of the volatility was to the upside. Among the currencies, the EUR was strongest, rising 4% to close at 24.9 mg. The USD was second, up 2.7%, closely followed by BTC, which gained 2.4%. The laggard was the JPY, which still managed a respectable 1.8% gain. More comments […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, Real Estate, Silver, Stocks, US Dollar by
This week’s largest price swings were in the commodities, with coffee the biggest loser, falling 3% and setting another new all-time low, and cotton the biggest winner, up 4.3% to close at 13.8 mg/lb. Crude oil continued to rise this week, up 1.2% to 1.59 g/bbl, while silver continued its decline, dropping 0.7% to close at […]