A great week for all asset classes except Bitcoin, which fell 1.6%. The best performing asset was coffee, which rose 7.8%, followed by gold stocks, which gained 4.4% (more on this below). Aside from Bitcoin, the weakest asset classes were platinum, up 0.8%, and cotton and the USD, each of which gained 1.0%. The strongest […]
Filed under Bitcoin, Coffee, Commodities, Cotton, Dow Jones Industrials, S&P 500, Stocks, US Dollar by
A good week for stocks; a mixed week for commodities and currencies. The best performing asset class, by far, was crude oil, which rose 11.0% – but with crude’s weak performance during the first 6 weeks of the year, it is still sitting near its all-time lows. The weakest asset was cotton, down 3.8%, followed […]
Reader Tony Lewis recently wrote to me with some excellent questions: So when looking at your charts, in your opinion, would it be sound to buy when something is historically low in terms of gold grams? And what about gold itself? Is there a chart that determines when to buy gold? Let’s start with the […]
Filed under Bitcoin, Bonds, Coffee, Commodities, EUR, gold prices, Platinum, price of gold, S&P 500, Stocks, US Dollar by
The huge winner last week was the Swiss Franc. The Swiss central bank did a sudden about-face last Thursday, dropping its peg to the Euro, and the CHF rose 13.4% for the week while all other major currencies fell 3%-6%.The only other asset category in the black was the HUI gold stock index, which is […]
Filed under Bitcoin, Bonds, Dow Jones Industrials, EUR, Euro, money gold, Platinum, Real Estate, S&P 500, Silver, Stocks, US Dollar by
This week, government currencies and bonds were higher, while stocks and commodities were mixed. Long term treasuries, represented by TLT, had some of the largest gains both for the last week and the last month, but it may be time to sell – more on that later in this update. Bitcoin and the HUI gold […]
This week, most asset categories were higher with coffee and crude oil making the biggest gains; the exceptions were copper and silver. Over the last month, currencies, bonds, and stocks (other than mining shares) were lower, while commodities were mixed. Government currencies are generally lower today than they were a year ago, especially the JPY […]
This week had every single asset category showing a loss. The smallest drop was in the Canadian Dollar, while the largest drops were in coffee, down 9.0%, and gold stocks, off 3.9%. Meanwhile, the mainstream media has been full of articles trumpeting new all-time highs for the Dow Jones Industrials and the S&P 500 stocks. […]
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, new highs, S&P 500, Silver, Stocks by
This week’s biggest winner was gold stocks, up 3.9%, followed by cotton and copper, which rose 2.9% and 2.2% respectively. The biggest drop was in Bitcoin, down 4.6%, followed by crude oil which lost 3.7%. Government currencies, stocks, and short term bonds were all down slightly for the week, while long term bonds gained 1.0%. The […]
This week the markets were almost all lower, with Japanese stocks, copper and crude oil seeing the largest declines. The only rising market was gold stocks, which managed a 2.7% gain. Checking the charts, conventional equities are now heading into bear market territory, with the Dow and Nikkei closing the week solidly below their 200 […]
Over the last week, and over the last month, assets have followed the same basic pattern: stocks mostly higher and currencies, bonds, and commodities mostly lower. Bitcoin has been the biggest winner by far, rising 29% in the last week and 179% over the last month. In addition to the fast rising price, global trading […]