This was a losing week for currencies and commodities, but mixed for stocks and bonds. Gold stocks made the largest gains, rising 7.0%, while palladium once again saw the largest declines, falling another 4.7%. Platinum also fell, dropping 1.8% to close at a new all-time low of 22.77 grams/oz. Among the currencies, Bitcoin had the […]
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This was a mixed week in all asset categories, but much less violent than last week, with the largest gains and losses in the commodities.
From 2011 to 2015, stocks were in a mighty uptrend, with the DJIA rising from 184 grams to a high of 523 grams. In 2016, however, they have broken down through that uptrend line, and have closed below their 36 month moving average in each of the last two months. This is a strong sign that stocks are now entering a prolonged downtrend, and any extended rallies will be selling opportunities. See the full post for details and recommendations.
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, Platinum, profitable ideas, Silver, Stocks, US Dollar by
This was a very strong week for everything except precious metals and gold stocks. Crude oil made the biggest gains, rising 8.5%, while gold stocks saw the largest decline, falling 9.4%. Among the currencies, Bitcoin once again rose the most, adding 6.5%. The Chinese Renminbi rose 5.5%, and even the weakest currency, the Japanese Yen, […]
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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 […]
This week was mostly lower for bonds and equities, but mostly higher for currencies and commodities. The strongest asset class was Bitcoin, which rose 7.8%, while the weakest asset class was gold stocks, which fell 4.4%. The Chinese Yuan was the weakest currency, off 1.8%. The Japanese Yen was the strongest government-issued currency, gaining 0.6%. […]
Another mixed week, with currencies and bonds mostly lower, equities higher, and commodities both mixed and volatile. The largest gains were in coffee, which rose 4.1%, while the largest losses were in crude oil, which pulled back 7.1%. The Chinese Yuan was the only rising currency, up 0.7%. The JPY fell the furthest, losing 3.2%. […]
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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 […]
Another mixed week, with currencies mostly lower, and stocks lower in the US, but higher in Japan and Europe. Commodities were volatile: crude oil made the biggest gains this week, rising 5.5%, while the largest losses were in cotton, off 8.7%, and coffee, down 4.8%. The only rising currencies were the Chinese Yuan, which gained […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, S&P 500, Silver, Stocks, Uranium by
This was a mixed week, with currencies mostly lower, and stocks lower in the US, but higher in Japan and Europe. Crude oil had the biggest drop, falling 7.4%, while the largest gains were in the Euro STOXX, up 5.9% and the gold stocks, which rose 4.2%. The only rising currency was the Japanese Yen, […]
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News headlines proclaim that the US stock market indexes like the Dow Jones Industrial Average and the S&P 500 are hitting all-time highs. And this is true, when measured in US Dollars. But measured in Gold? Here are my thoughts on this topic. As you may have noticed, while I love using gold to measure […]
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