Coffee

A generally positive week for all asset types, with only coffee, down 2.3%, gold stocks, down 1.6%, and the JPY, off 0.5%, showing losses. The big winner was copper, which after catching it's breath last week, continued to skyrocket, gaining 10.4% this week. The major stock indexes were all higher, led by the Dow Jones Industrials, which gained 3.5% to close at 501.6 grams. Financial headlines have been filled with stories about this recent series of "highest ever" dollar prices for the Dow… but readers of Priced in Gold know that the Dow has yet to equal it's 2015 high of 523.5 grams, or it's 2007 high of 652.6 grams. And to really get into all-time high territory, the Dow will have eclipse its August 1999 high of 1393.2 grams – 2.8 times higher than today's price. Could that happen? Maybe some day, but probably not soon, and probably not without seeing considerably lower prices first.

More on Weekly Update 25-Nov-2016

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

Another mixed week, with currencies and bonds mostly lower, equities higher, and commodities both mixed and volatile. The largest gains were in coffee, which rose 4.1%, while the largest losses were in crude oil, which pulled back 7.1%.

More on Weekly Update 2-Sep-2016

Another mixed week, with currencies mostly lower, and stocks lower in the US, but higher in Japan and Europe. Commodities were volatile: crude oil made the biggest gains this week, rising 5.5%, while the largest losses were in cotton, off 8.7%, and coffee, down 4.8%.

More on Weekly Update 12-Aug-2016

The big news this week was Bitcoin, which exploded higher, rising 27.6% to close a hair above 18 grams. Bitcoin is now 173.8% higher than this time last year! The second largest gain was in coffee, up 1.6%. The weakest assets were palladium, off 5.3%, and Japanese stocks, which fell 4.8%.

More on Weekly Update 17 Jun 2016

The only rising asset classes this were coffee, up 4.8%, and silver, which gained 4.6%. All the others declined, led by copper, down 7.0%, and the Euro STOXX, which fell 6.5%. The next largest losses were in the Chinese Yuan, which dropped 4.8%.

More on Weekly Summary 10 Jun 2016

This week's trading saw currencies and bonds lower, stocks mixed, and commodities mostly higher. The largest gains were in crude oil, up 6.9%, palladium, up 6.2%, and silver, which rose 4.9%. The weakest asset was the long treasury bond (TLT) which fell 3.9%.

More on Weekly Summary 22-Apr-2016