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%.
Recently I was in Vancouver, BC for the Agora Financial Symposium, which carried the tagline "A View from the Peak". There were many peaks discussed and analyzed: oil, food, water and debt, to name a few. The price of gold and silver got a lot of discussion, and forecasts abounded. Discussions and opinions were not limited to the speakers, of course – the hallways, restaurants and sidewalks were filled with animated discourse, colorful scenarios and useful information. As you can guess, I loved every minute of it!
Filed under adjusted gross income, Food, gross incomes, home currency, monetary universe, money gold, nz dollars, profitable ideas, Wheat by
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