This week the markets shifted back into forward gear, with all assets except Bitcoin and the 20 year Treasury Bond advancing. Coffee and copper were especially strong. Bitcoin started the week in an uptrend; trading at over 3 g on Monday, it declined through the week to close at 1.93 g, down 31%. Since early April, […]
Another “mostly higher” week, led by a massive rally in all currencies. The only asset classes that fell for the week were silver bullion and gold stocks. Bitcoin had another volatile week, but in the end recovered strongly from last week’s “crash”, leading all other asset classes by rising 52.5% to finish at 2,643 mg. It’s not over […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Dow Jones Industrials, Platinum, S&P 500, Silver, Stocks, US Dollar by 
All asset classes but Bitcoin, coffee, JPY, and mining stocks were higher this week. Bitcoin ended a wild week down 38.7% at 1693 mg, after trading has high as 5,253 mg and as low as 1,099 mg. Friday had the largest volume ever traded for Bitcoin, over 964 kg. As I forecast last week, this kind of […]
All but three asset classes were lower this week, the gainers being Bitcoin, gold stocks, and long dated treasuries. Bitcoin ended the week up 51.8% at 1,392 mg, after setting another record high every day this week. The latest round of panic buying seems to have been triggered by the partial bank account confiscation plan announced in Cyprus. […]
Most assets were lower this week, with the major exceptions being Bitcoin, the free market online currency, and Cotton. Bitcoin ended the week up 8% at 917 mg, after recording another all-time high of 938 mg on Monday. Things got exciting the next day, as high transaction volumes caused two different versions of the Bitcoin mining software to update the […]
It was another mixed week, with government currencies and long bonds lower, while stocks and commodities moved higher. Bitcoin, the free market online currency, ended the week up 26% at 849 mg, after recording another all-time high of 893 mg on Wednesday. If you have a time-horizon of a few years, don’t let these prices scare you away… Bitcoin […]
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 […]
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 […]
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 […]
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 […]