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 […]
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Most assets were higher again this week, with bitcoin leading the way. Silver, gold stocks and crude oil were the only exceptions. Currencies were all higher, but bitcoin was in a league of its own, rising 7.8% to 244 mg. The Euro was in second place, gaining 2% to close at 23.8 mg. The weakest […]
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 […]
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 […]
The Euro fell again this week to another record low of 22.56 mg, before recovering slightly to close down 0.3% at 22.60 mg. For the YTD, the EUR is down 11.6%. The USD and JPY rose slightly (0.5% and 1.2% respectively), while the CAD was little changed, down 0.1%. The USD remains very close to […]
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 […]