S&P 500

December 2, 2012

Market Update 30 Nov 2012 – Gold Stocks Retreat

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

Filed under Coffee, Commodities, Cotton, EUR, S&P 500, Silver, Stocks by editor

Facebook Google+ Twitter Pinterest

Email Print

November 18, 2012

Market Update 16 Nov 2012 – Bitcoin up, Gold Stocks down

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

Filed under Bitcoin, Bonds, Coffee, Commodities, Cotton, Dow Jones Industrials, EUR, S&P 500, Silver, Stocks, US Dollar by editor

Facebook Google+ Twitter Pinterest

Email Print

August 5, 2012

Market Update 3 Aug 2012 – New Low for Platinum

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.

More on Market Update 3 Aug 2012 – New Low for Platinum

Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, monetary universe, S&P 500, Silver, Stocks, US Dollar by editor

Facebook Google+ Twitter Pinterest

Email Print

July 22, 2012

Market Update 20 Jul 2012

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.

Market Update, 29 Jun 2012

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.

Market Update, 22 Jun 2012

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%.

Market Update

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.

Stocks Poke their Noses Up

On December 6th, US stocks, with the wind of a strong USD at their backs, poked their heads above their lows of 2009 for the second time this year. The previous attempt was short lived… Will this one fair better?

Berkshire Profit Declines 29.7% on Derivatives

Bloomberg News and Priced in Gold

Nov. 6 (Bloomberg and Priced in Gold) — Warren Buffett’s Berkshire Hathaway Inc., holder of a derivatives portfolio worth more than 1.3 billion gold grams, said third-quarter profit declined 29.7% percent on losses tied to equity-linked contracts and the falling value of the US Dollar.

More on Berkshire Profit Declines 29.7% on Derivatives

Filed under monetary universe, News, S&P 500, Stocks by editor