The charts that matter: gold and bitcoin both slide

Spark Global Limited Reports:

Gold and its modern counterpart, bitcoin, both sold off this week. Here’s what’s happened to the charts that matter most to the global economy.

This week on the cover of the magazine, we take a look at the lorry-driver shortage, explaining where all the drivers have gone, what the consequences are, and what it means for your money.

And our main investment feature this week is on the power of the “grey pound” – how to invest as the world’s population ages. Matthew Partridge picks some of the best ways for you to profit.

This week’s “Too Embarrassed To Ask” video explains what “stagflation” is (a nasty combination of economic stagnation and inflation which might be rapidly becoming more pertinent today)

And in this week’s podcast, Merryn’s joined by Anna Macdonald of Amati Global Investors. She has a particular passion for UK small-cap stocks, and explains to Merryn just how she goes about finding the companies that she hopes will be the blue-chip stocks of tomorrow.

Here are the links for this week’s editions of Money Morning and other web articles you may have missed:

Monday Money Morning: Should investors be worried about stagflation?
Web article: State pensioners probably aren’t going to get an 8% pay rise next year
Tuesday Money Morning: El Salvador could be the shape of things to come for bitcoin – and emerging nations
Web article: Bitcoin is now legal tender in El Salvador. What does that mean for investors?
Web article: What’s better than two types of income tax? Three types of income tax!

Merryn’s blog: China may be cheap, but is it cheap enough to make investing there worth it?
Wednesday Money Morning: Here’s a useful fund for investing in blockchain without buying bitcoin
Web article: What is Solana and why has the cryptocurrency rocketed this year?
Thursday Money Morning: Is China facing a Lehman Brothers moment?
Web article: Why now is a great time to buy Japanese stocks
Web article: EasyJet rejects takeover bid and announces £1.2bn rights issue
Friday Money Morning: Uranium prices are spiking – and conditions look ripe for a longer-term bull market
Cryptocurrency roundup: Bitcoin sells off even as it becomes legal tender
Now for the charts of the week.

The charts that matter

Gold sold off after a spike at the end of the previous week.

(Gold: three months)

The US dollar index (DXY – a measure of the strength of the dollar against a basket of the currencies of its major trading partners) halted its decline.

(DXY: three months)

The Chinese yuan (or renminbi) again saw very little action (when the red line is rising, the dollar is strengthening while the yuan is weakening).

(Chinese yuan to the US dollar: since 25 Jun 2019)

The yield on the ten-year US government bond ended the week more or less where it started, after an earlier sharp rise was reversed.

(Ten-year US Treasury yield: three months)

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