In a week when most assets turned in excellent performances, bitcoin once again outshone all others. The only things that lost ground this week were mining stocks and silver.
Currencies were all higher, led by bitcoin, which added an astounding 24.6% to close at 520.7 mg, within spitting distance of its all-time high of 598 mg. In fact, in all of bitcoin's history, there are only 3 days on which it was traded at higher levels.
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, Platinum, Real Estate, S&P 500, Silver, Stocks, US Dollar by
Bitcoin continued to rocket upward this week, with long term treasuries a distant second place. Coffee and the Nikkei Index were the biggest losers.
Government issued currencies were mixed, with the Yen down 2.6% and the Euro down 0.5%, while the Canadian Dollar rose 0.5% and the US Dollar was unchanged. In contrast, the free market currency, Bitcoin, gained 8.2% to close at 418 mg. The BTC is up 62% in the last month.
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 was weakest, up only 0.2% – now at parity with the USD at 18.7 mg. More on the USD below. The Japanese Yen closed up 1.7% at 0.210 mg, hovering near its all-time low of 0.205 mg, set the weekend before. Look for more weakness here as the Japanese government printing presses begin to run overtime.
More on Market Update 25 Jan 2013 – Everything Up but Gold Stocks
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 on the USD later in this post.
More on Market Update 21 Dec 2012 – Get ready to sell the USD
Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, Euro, Real Estate, Silver, Stocks, US Dollar by
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.
More on Market Update 16 Nov 2012 – Bitcoin up, Gold Stocks down
Last week saw yet another reversal from the week before; once again, the only thing in common was the continuing decline in silver and copper, now in its 3rd week.
Currencies gained back some of what they lost the week before, lead by the CAD, which rose 1.8%. Bonds were higher, the SHY up 1% (in line with the USD) and the long term TLT up 0.4%, only recovering a tiny portion of the prior week's 3.8% loss.
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, monetary universe, S&P 500, Silver, Stocks, US Dollar by
Last week showed many gains and few losses. Once again commodities lead the way, with crude oil up 6.7% and coffee up 2.6%. Silver and copper were each down 0.3% – the largest losses for the week. Gold and silver mining stocks also suffered, falling 0.2% for the week.
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, S&P 500, Silver, Stocks, US Dollar by
This week saw a reversal of last week's trend, with almost all investment categories showing losses. Currencies and bonds were all lower, on news of new European bank bailouts and fears that next week will bring further easing from the ECB and Bank of England. Most stock markets were also lower, with the Japanese Nikkei, up 0.6%, being the exception.
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, Interest Rates, S&P 500, Silver, Stocks by
All investment categories except commodities showed nice gains last week. Interestingly, the week's biggest winners and losers were both commodities, with coffee rising a stunning 7.5% and cotton dropping 3.6%. Silver and crude oil both lost ground, down 2.8% and 1.3% respectively, while copper was slightly higher, up 0.7%.
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, S&P 500, Silver, Stocks, US Dollar by
Last week was excellent for almost all investment categories. Only the long bonds (TLT) showed a loss, taking a breather after an extended series of gains that have left them up 7.4% for the last month and almost 31% over the last 12 months.
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, monetary universe, S&P 500, Silver, Stocks by
Subscribe to this site's RSS feed.