The markets were mixed this week, with bonds and currencies little changed, stocks generally lower, and commodities mostly higher. The HUI gold stocks moved up with the commodity complex; crude oil was the only commodity to close down for the week. Currencies were mixed, with the Euro and Japanese Yen gaining 0.8% and 1.7% respectively, while. […]
Most markets moved higher this week, led by Bitcoin and the Nikkei stocks. The exceptions were silver, coffee, and especially gold stocks, which fell more than any other investment class. Currencies all rose, led by Bitcoin, up 10.9%, and the Japanese Yen, which gained 3.6%. The USD rose 1.7% to 23.8 mg, putting it 52.3% above its […]
Most markets were sharply lower this week; the exceptions were bitcoin, gold stocks, and silver. Most significant was the rise in the HUI gold stock index, which climbed all the way to 6.1 g before closing at 6.0 g, 15% above its recent low. The government-issued currencies were all weaker, led by the USD, which declined another […]
Markets were mixed this week, with currencies lower and commodities mostly higher. Two things stand out: Gold stocks, which may be making a bottom, and silver, which continued falling to a new low for this move. Currencies were all weaker, led by Bitcoin, which dropped 6.0% to 2.2 g. For most currencies, this would be […]
Markets were lower this week, with the exception of Bitcoin, which recovered all of last week’s loss, and platinum, which was almost unchanged. Bitcoin gained 28.5% to close at 2.34 g., erasing last week’s big decline. Trading volume continued to rise, averaging about 108 kg per day. Expect extreme volatility to continue, but with an […]
After last week’s monster surge higher, most asset classes took a breather and pulled back a bit this week. The exceptions were bitcoin, which suffered a stunning drop, gold stocks, which gave up almost all of last week’s gains, and crude oil, which continued to power higher this week. After losing 5.5% last week, Bitcoin dropped […]
Bitcoin was the only falling asset this week, as the US Dollar surged against gold and other currencies, pulling most other assets up with it. Crude oil was especially strong. Bitcoin gave back about a third of last week’s gain, falling 5.5% to close at 2.53 g. Trading volume was slightly higher than last 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 
Markets were mainly higher this week, with gold stocks and silver the only exceptions. Bitcoin more than made up for last week’s losses, gaining 18.8% to close at 2.67 g. Trading volume was light this week, averaging only 73 kg per day. Although all the government currencies were strong this week, the Japanese Yen and the USD traded places, […]
Markets were mixed this week, with currencies mostly stronger and stocks and commodities mostly lower. Cotton continued to lead the way higher, while the biggest decliner was once again Bitcoin. Bitcoin dropped a further 10.5% to close at 2.25 g. Trading volume continues to grow, now averaging 108 kg per day. Expect more volatility – up […]
Markets were mostly higher this week, led by the commodities. Cotton and crude oil advanced the most, while Bitcoin showed the greatest weakness. Bitcoin dropped 12% to close at 2.5 g. Trading volume is beginning to grow again, averaging almost 100 kg per day. Expect more volatility as volume increases. All of the government issued currencies […]