US Dollar

The US Presidential elections threw markets a major league curveball this week. As results started to trickle in, and the tide turned in favor of Mr. Trump, the US Dollar and stock market futures fell dramatically… but by the next day, they both reversed course and continued to climb through the rest of the week. This left all asset classes other than gold stocks and long term treasury bonds in the black.

Currencies, commodities, and major stock indexes were all higher this week, while bonds were mixed. Bucking the overall uptrend, gold stocks were the biggest loser this week, falling 12.7%, while copper and palladium made the biggest gains, rising 16.85 and 15.5% respectively.

Currencies, bonds, and major stock indexes were all lower this week, while commodities were once again mixed. Bucking the equity downtrend, gold stocks were the biggest winner this week, rising 2.6%, while crude oil positively collapsed, falling 11.6%, and "doubling down" on the prior week's 4.8% loss. This still leaves crude just above its long term support around 1 gram/barrel, but closer to its highs than to its lows for 2016 YTD.

Stay tuned next week to see how the US presidential election changes things up in the markets.

This was a losing week for government-issued currencies as well as stocks and bonds, but mixed for commodities. The free market currency Bitcoin made the largest gains, rising 8.6%, while crude oil and gold stocks saw the largest declines, falling 4.8% and 4.7% respectively. Platinum bounced back, recouping almost all of the prior week's losses.

More on Weekly Summary 28-Oct-2016

This was a losing week for currencies and commodities, but mixed for stocks and bonds. Gold stocks made the largest gains, rising 7.0%, while palladium once again saw the largest declines, falling another 4.7%. Platinum also fell, dropping 1.8% to close at a new all-time low of 22.77 grams/oz.

More on Weekly Update 21-Oct-2016

This was a mixed week in all asset categories, but much less violent than last week, with the largest gains and losses in the commodities.

From 2011 to 2015, stocks were in a mighty uptrend, with the DJIA rising from 184 grams to a high of 523 grams. In 2016, however, they have broken down through that uptrend line, and have closed below their 36 month moving average in each of the last two months. This is a strong sign that stocks are now entering a prolonged downtrend, and any extended rallies will be selling opportunities. See the full post for details and recommendations.

This was a very strong week for everything except precious metals and gold stocks. Crude oil made the biggest gains, rising 8.5%, while gold stocks saw the largest decline, falling 9.4%.

More on Weekly Update 7-Oct-2016

Currencies and bonds rose this week, while stocks and commodities were mixed. The strongest asset class was crude oil, which gained 9.8%, while the weakest was silver, which lost 1.2%.

Among the currencies, Bitcoin made the largest gains, rising 2.4%. The USD and EUR rose 1.2% each, and even the weakest currencies, the CNY and CAD, gained 0.8%. Short term treasuries tracked the dollar's 1.2% gain while long term treasury bonds gained 1.7%.

More on Weekly Update 30-Sep-2016

This week was mostly lower for bonds and equities, but mostly higher for currencies and commodities. The strongest asset class was Bitcoin, which rose 7.8%, while the weakest asset class was gold stocks, which fell 4.4%.

More on Weekly Update 9-Sep-2016

Another mixed week, in many ways a reversal of last week's trends. Currencies were mostly higher, while stocks were higher in the US, but lower in Japan and Europe. Commodities were volatile: crude oil again made the biggest gains this week, rising 9.5%, and the largest losses were once again in cotton, down 3.3%.

More on Weekly Update 19-Aug-2016

This was a mixed week, with currencies mostly lower, and stocks lower in the US, but higher in Japan and Europe. Crude oil had the biggest drop, falling 7.4%, while the largest gains were in the Euro STOXX, up 5.9% and the gold stocks, which rose 4.2%.

More on Weekly Update 29-July-2016