This was a losing week for government-issued currencies as well as stocks and bonds, but mixed for commodities. The free market currency Bitcoin made the largest gains, rising 8.6%, while crude oil and gold stocks saw the largest declines, falling 4.8% and 4.7% respectively. Platinum bounced back, recouping almost all of the prior week’s losses. […]
Currencies and bonds rose this week, while stocks and commodities were mixed. The strongest asset class was crude oil, which gained 9.8%, while the weakest was silver, which lost 1.2%. Among the currencies, Bitcoin made the largest gains, rising 2.4%. The USD and EUR rose 1.2% each, and even the weakest currencies, the CNY and […]
Another mixed week, in many ways a reversal of last week’s trends. Currencies were mostly higher, while stocks were higher in the US, but lower in Japan and Europe. Commodities were volatile: crude oil again made the biggest gains this week, rising 9.5%, and the largest losses were once again in cotton, down 3.3%. The […]
The big news this week was Bitcoin, which exploded higher, rising 27.6% to close a hair above 18 grams. Bitcoin is now 173.8% higher than this time last year! The second largest gain was in coffee, up 1.6%. The weakest assets were palladium, off 5.3%, and Japanese stocks, which fell 4.8%. Most government-issued currencies were […]
The only rising asset classes this were coffee, up 4.8%, and silver, which gained 4.6%. All the others declined, led by copper, down 7.0%, and the Euro STOXX, which fell 6.5%. The next largest losses were in the Chinese Yuan, which dropped 4.8%. All government-issued currencies were lower, led by the CNY, followed by the […]
This was a great week for investors, as every asset class I track ended the week higher! Silver, which rose 7.7%, and Japanese Stocks, which gained 7.0%, led the rise. Currencies generally, and the EUR and CNY in particular, were the weakest asset classes. Bitcoin made the largest gains in the currency space, rising 3.2%. […]
A good week for stocks; a mixed week for commodities and currencies. The best performing asset class, by far, was crude oil, which rose 11.0% – but with crude’s weak performance during the first 6 weeks of the year, it is still sitting near its all-time lows. The weakest asset was cotton, down 3.8%, followed […]
Reader Tony Lewis recently wrote to me with some excellent questions: So when looking at your charts, in your opinion, would it be sound to buy when something is historically low in terms of gold grams? And what about gold itself? Is there a chart that determines when to buy gold? Let’s start with the […]
Filed under Bitcoin, Bonds, Coffee, Commodities, EUR, gold prices, Platinum, price of gold, S&P 500, Stocks, US Dollar by 
The huge winner last week was the Swiss Franc. The Swiss central bank did a sudden about-face last Thursday, dropping its peg to the Euro, and the CHF rose 13.4% for the week while all other major currencies fell 3%-6%.The only other asset category in the black was the HUI gold stock index, which is […]
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The International Monetary Fund created the SDR in the late 1960s to supplement the gold and other currencies held by countries as their reserves. The value of 1 SDR was initially defined as the same amount of gold as 1 USD. At the time, the USD was convertible into gold, so most countries chose to […]
Filed under EUR, monetary universe, money gold, Money Supply, SDR, US Dollar by