Coffee

0

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 in early January – reaching 18.9 mg on Jan 7th, 10.1% above the half-life predicted value – and has since retreated, ending this week at 18.4 mg, down 1.2%, and sitting 7.8% above the half-life curve forecast.

More on Market Update 18 Jan 2013

0

This was a volatile week, but most of the volatility was to the upside.

Among the currencies, the EUR was strongest, rising 4% to close at 24.9 mg.  The USD was second, up 2.7%, closely followed by BTC, which gained 2.4%.  The laggard was the JPY, which still managed a respectable 1.8% gain. More comments on the USD later in this post.

More on Market Update 21 Dec 2012 – Get ready to sell the USD

0

This week's largest price swings were in the commodities, with coffee the biggest loser, falling 3% and setting another new all-time low, and cotton the biggest winner, up 4.3% to close at 13.8 mg/lb.  Crude oil continued to rise this week, up 1.2% to 1.59 g/bbl, while silver continued its decline, dropping 0.7% to close at 0.596 g/oz.

More on Market Update 14 Dec 2012 – Cotton Up, Coffee Down

0

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

0

Currencies and bonds reversed course this week, with all but Bitcoin moving lower. Stocks rose across the board, with the HUI gold stocks leading the way, and the Nikkei, hindered by the weak yen, rising the least. Commodities were mixed, with metals and energy higher, while cotton and coffee moved lower.

More on Market Update 23 Nov 2012 – Bitcoin continues to shine

0

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

0

We made it safely around Cape Hatteras (aka "The Graveyard of the Atlantic") and have arrived in North Carolina. I will be off the boat for Thanksgiving, continuing the trip south in couple of weeks.  A full set of chart updates is now online.  Thanks for your patience!

More on Underway South *UPDATED*

Filed under Coffee, Uranium by  #

0

This week saw massive coordinated central bank "easing", aka money printing, with the ECB promising unlimited new bond purchases to bail out the Eurozone and the German high court giving it's go-ahead, with the result that the EUR dropped to new all-time lows before experiencing a little "shadenfruede recovery" on the Fed's announcement and closing the week down 0.3%.

More on Market Update 14 Sep 2012 – EUR, Cotton, TLT and London Bitcoin Conference

0

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

0

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.

More on Market Update 20 Jul 2012