Weekly Summary 4-Mar-2016

0

This was a bad week for currencies and bonds, but a mixed week for stocks and commodities. The best performing asset class was palladium, which rose 7.3%, followed by crude oil, which gained 5.2%. The weakest asset was Bitcoin, down 6.6%, followed by long term bonds (TLT), off 5.3%.

The weakest government-issued currencies were the Yen (down 4.5%) and the Euro (off 4.3%). The “strongest” was the Chinese Yuan, which fell only 1.5%.

US stocks were down (the DJIA lost 1.9%, the S&P 500 lost 1.4%) but European and Japanese equities rose 0.4% each. Gold stocks were the strongest equities, with the HUI rising 2.2% to close at 4.2g, a critical resistance level.

Other metals were mixed, with copper up 2.9% while silver fell 2.3% and platinum dropped 0.7%.

Note that every asset class except Bitcoin is lower today than it was a year ago – particularly palladium and crude oil, which are off 37.5% and 34.5% respectively, even after their recent rallies.

spacer

Click for PDF version

Filed under Bitcoin, Commodities, Dow Jones Industrials, Euro, Platinum, Silver, Stocks by editor spacer

Facebook Google+ Twitter Pinterest
Email Print
Delicious Digg Fark Google Instapaper LinkedIn MySpace Newsvine Pocket Readability Reddit StumbleUpon Tumblr Yahoo!

Weekly Summary 26-Feb-2016

0

A good week for stocks; a mixed week for commodities and currencies. The best performing asset class, by far, was crude oil, which rose 11.0% – but with crude’s weak performance during the first 6 weeks of the year, it is still sitting near its all-time lows. The weakest asset was cotton, down 3.8%, followed by palladium, off 2.6%.

Gold stocks slightly outperformed the S&P 500, rising 2.2% to the S&P’s 2.0% gain.

Bitcoin was the strongest currency, up 2.4%, followed by the Canadian Dollar, which rose 2.1%. The Chinese Yuan fell 1.3%, followed by the Euro, which lost 0.6%.  Treasury bonds underperformed USD cash, with TLT falling 0.1% while the USD rose 0.3%.

spacer

Click for PDF version

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

Facebook Google+ Twitter Pinterest
Email Print
Delicious Digg Fark Google Instapaper LinkedIn MySpace Newsvine Pocket Readability Reddit StumbleUpon Tumblr Yahoo!

Podcast: Gold, Yield, and the End of the Dollar – Part 2

2

This podcast is a continuation of my 30-July-2015 interview with Keith Weiner, CEO of Monetary Metals and president of the Gold Standard Institute USA.

In the first part, we discussed the ultimate fate of the dollar. In this episode, we look at the true purpose of the Fed, the limits of central bank power, and then examine investments and speculations that allow us to profit from today's economic situation.

Audio MP3

Download Podcast Part 2 (54:12, 26 MB)

Resources for further study:

Resonance and Feedback
Death of the Swiss Franc
Gold Bonds
Monetary Metals Supply and Demand Report

Last week we saw gold stock and platinum prices hit new all-time lows and bounce sharply. Silver continued to fall, but still has a way to ge before making new lows. Please remember that I update a Weekly Summary on the site each weekend. Check it out for the latest commentary on major asset classes.

Filed under Audio Podcast, Bonds, Economy, gold prices, Interest Rates by editor spacer

Facebook Google+ Twitter Pinterest
Email Print
Delicious Digg Fark Google Instapaper LinkedIn MySpace Newsvine Pocket Readability Reddit StumbleUpon Tumblr Yahoo!

Podcast: Gold, Yield, and the End of the Dollar – Part 1

0

This podcast is a recording of a conversation I had on July 30th with economist Keith Weiner, CEO of Monetary Metals and president of the Gold Standard Institute USA. We intended to chat for about 20 minutes, but wound up talking for almost an hour and a half! Due to the length, I’ve broken it up into two parts.

In part one, we discuss the simultaneous signs of deflation and inflation in the world economy, how this came to be, and where this process is taking us. We also discuss possible solutions, including ending the Fed, “mending” the Fed, linking the dollar to gold, and why none of these solutions will succeed. We also talk about an exit strategy for the dollar that could actually work.

Audio MP3