The charts that matter: precious metals and bitcoin swoon

As gold and bitcoin both slide, John Stepek looks at what else has happened this week in the charts that matter the most to the global economy.

Welcome back.

This week in MoneyWeek – in a break from Covid-19 and the state of the UK’s finances (although we covered the spending review too) – my colleague Cris Sholto Heaton took a look at China’s crackdown on its tech giants and what it might mean for investors (it’s probably not good news). It’s a really fascinating story and one with a lot of insight into China’s shifting political environment. If you don’t already subscribe, get your first six issues free here.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.