Stocks

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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 in early January – reaching 18.9 mg on Jan 7th, 10.1% above the half-life predicted value – and has since retreated, ending this week at 18.4 mg, down 1.2%, and sitting 7.8% above the half-life curve forecast.

More on Market Update 18 Jan 2013

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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

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This week's largest price swings were in the commodities, with coffee the biggest loser, falling 3% and setting another new all-time low, and cotton the biggest winner, up 4.3% to close at 13.8 mg/lb.  Crude oil continued to rise this week, up 1.2% to 1.59 g/bbl, while silver continued its decline, dropping 0.7% to close at 0.596 g/oz.

More on Market Update 14 Dec 2012 – Cotton Up, Coffee Down

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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 of the bunch was the Japanese Yen, which still rose a respectable 1.1%.

More on Market Update 7 Dec 2012 – Silver Down, Bitcoin Up

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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 week's losses, but still trading only 8% above its all-time low of 12.1 mg/lb set two months ago on Sep-30.  Copper and silver were also strong, rising 3.7% and 3.1% respectively. Even coffee, which continues to trade just above its all-time low, caught a break this week, rising 0.5% to close at 25.6 mg/lb.

More on Market Update 30 Nov 2012 – Gold Stocks Retreat

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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

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Government issued currencies were little changed this week, with the USD strongest, up 1.2%. The USD continues to trade very close to its Half-Life curve, now 2.0% above the projected value.  Bitcoin (BTC) however, got slammed, plummeting 11.3% for the week to finish at 186.9 mg. In trading over the weekend the BTC recovered slightly, to 193.7 mg.

More on Market Update 26 Oct 2012 – Treasuries up, Bitcoin down

Filed under Bitcoin, Bonds, Cotton, Stocks, US Dollar by  #

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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 its Half Life curve, ending the week 2.7% below the predicted value.

More on Market Update 28 Sep 2012 – EUR, TLT and Cotton

Filed under Bonds, Cotton, EUR, Stocks, US Dollar by  #

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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 the week down 0.3%.

More on Market Update 14 Sep 2012 – EUR, Cotton, TLT and London Bitcoin Conference

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This was a bad week for most investments, with announcements of QE in Europe, and hints and rumors of QE from the Fed pushing down all the major currencies, and hurting most of the investments denominated in them.

More on Market Update 7 Sep 2012 – Pt, TLT and Bitcoin