This week, government currencies and bonds were higher, while stocks and commodities were mixed. Long term treasuries, represented by TLT, had some of the largest gains both for the last week and the last month, but it may be time to sell – more on that later in this update. Bitcoin and the HUI gold stocks have been the weakest asset classes for the last week and the last month, with silver and platinum also hit hard. Coffee continues to be one of the strongest performers, over the last week, month and year.
This week, most asset categories were higher with coffee and crude oil making the biggest gains; the exceptions were copper and silver. Over the last month, currencies, bonds, and stocks (other than mining shares) were lower, while commodities were mixed. Government currencies are generally lower today than they were a year ago, especially the JPY and CAD, although the EUR gained slightly. Over the last year, bitcoin, coffee and the S&P 500 were the largest gainers, while cotton and crude oil declined the most.
This week's biggest winner was gold stocks, up 3.9%, followed by cotton and copper, which rose 2.9% and 2.2% respectively. The biggest drop was in Bitcoin, down 4.6%, followed by crude oil which lost 3.7%. Government currencies, stocks, and short term bonds were all down slightly for the week, while long term bonds gained 1.0%.
This week the markets were almost all lower, with Japanese stocks, copper and crude oil seeing the largest declines. The only rising market was gold stocks, which managed a 2.7% gain.
Over the last week, and over the last month, assets have followed the same basic pattern: stocks mostly higher and currencies, bonds, and commodities mostly lower. Bitcoin has been the biggest winner by far, rising 29% in the last week and 179% over the last month. In addition to the fast rising price, global trading patterns are shifting as well. Read more below.
Markets were almost all higher this week, with only the HUI gold stocks losing ground. Bitcoin and the Japanese Nikkei stocks gained more than any other asset classes. The USD and JPY the strongest of the government-issued currencies. On Friday I was a guest on Power Trading Radio with John O'Donnell. We talk about stocks, housing, income, and discuss our forecasts for the price of gold. Check it out!
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, Platinum, price of gold, S&P 500, Silver, Stocks, US Dollar by 
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 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.
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, gold prices, Platinum, price of gold, S&P 500, Silver, Stocks, US Dollar by
