It was a mixed week, with most government currencies and most commodities lower. Bitcoin closed Friday on another new all-time high of 673 mg, up 12%. The free market online currency is truly in uncharted waters now, and although serious pullbacks are to be expected as price discovery...
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 ...
Bitcoin is a new digital currency that is open source, distributed, and has no central issuing authority. It is not backed by anything physical, like gold, yet it has been designed so that only a fixed number of bitcoins can ever be created. Bitcoins and bitcoin transactions are prote...
Government issued currencies were little changed this week, with the USD strongest, up 1.2%. The USD continues to trade very close to its Half-Life curve , now 2.0% above the projected value. Bitcoin (BTC) however, got slammed, plummeting 11.3% for the week to finish at 186.9 mg. In t...
Currencies were weak this week, with the EUR treading water up 0.1%, while the USD and CAD fell 0.4% and 0.6% respectively. The weakest of the bunch was the JPY, down 1.5%. This week I am starting to include coverage of Bitcoin (BTC). As you can see from the chart below, bitcoin has h...
