National currencies and bonds reversed course and joined cryptocurrencies and major stock markets in heading higher; commodities were mixed. The biggest gains were in crude oil, which rose 10.9%, and European stocks, which added 10.1%. Although major stock indexes were in the black, gold stocks fell 6.5%, the largest loss this week. Silver was in second place, declining 3.5%.

The Chinese Yuan and the US Dollar led the national currencies higher, rising 2.8% and 2.6% respectively. The Japanese Yen lagged behind, gaining 1.3%. Short term notes tracked USD cash, but long term bonds underperformed, adding just 1.8%.

Cryptos were strong again, but not strong enough to dominate the winners list. Bitcoin led the way higher, rising 7.6% to 268.4 grams. Ether was close behind, gaining 7.1%, and the broader index of 30 coins added 5.5%.

Gold stocks fell 6.5%, the week's largest loss, but all other stock indexes were in the black. The European STOXX rocketed higher, gaining 10.1%, and the Dow Industrials rose 6.8%.

Silver and palladium were the only commodities in the red. Silver fell 3.5%, and palladium declined 2.3%. Crude oil was the week's largest winner, rising a massive 10.9%. Coffee also outperformed, gaining 4.8%.

Year over year, the cryptocurrencies dominated all other assets, as Ether rose 95.1% and Bitcoin gained 43.3%. The largest losses, by far, were in crude oil, down 45.6%. Second place was a tie between the US Dollar and the Euro STOXX, each down 22.6%.

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National currencies and bonds fell, stocks and cryptocurrencies rose strongly, and commodities were mixed. The biggest gains were in cryptos, as Ether rose 15.2%, and Bitcoin gained 11.4%. Cotton fell 3.5%, while the US Dollar and its short term notes fell 3.0%, the largest losses this week.

The US Dollar and Chinese Yuan were the weakest national currencies, falling 3.0% and 2.6% respectively. The Canadian Dollar outperformed by declining 0.8%. Short term notes followed USD cash, closing down 3.0%, but long term bonds did better, declining only 1.8%.

Cryptocurrencies were very strong, as Ethereum gained 15.2% and Bitcoin rose 11.4%. This strength was mostly concentrated in the largest cryptos, however. The broader index of 30 coins, the CCi30, managed only a 5.5% gain.

Stocks also had a good week, with all the indexes tracked in the table closing in the black. Gold stocks and the European STOXX led the way, rising 6.7% each. The Dow Industrials underperformed their peers, but still added 3.6%.

Among the commodities, palladium and silver were the star performers, rising 6.6% and 5.8% respectively. Cotton fell 3.5%, and coffee declined 0.7%; they were the table's only commodities in the red.

Year over year, the top places to be are Ethereum (up 84.3%) and Bitcoin (up 27.3%). Third place goes to gold stocks, which gained 23.6%. Major stock indexes, bonds, and national currencies were all in the red, but the largest losses were in crude oil, which dropped 49.5%. The Euro STOXX were in distant second place, falling 28.7%.

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Bonds moved higher, stocks and commodities declined, and currencies (both national and crypto) were mixed. The biggest gains were in Bitcoin, which rose 6.0%, and the Chinese Yuan, which gained 1.5%. Crude oil plunged 9.3% and the Euro STOXX fell 7.9%, the largest losses this week.

Asia led the national currencies on the upside, as the Chinese Yuan gained 1.5% and the Japanese Yen rose 1.4%. Europe lagged, declining 0.4%. The US Dollar rose 1.2%, as did its short term notes. Long term bonds gained 0.9%.

Bitcoin worked its way higher throughout the week, closing at 223.9 grams, up 6%. Ether zig-zagged lower, ending the week at 6.33 grams, down 5.5%. The CCi30 index of the 30 largest cap cryptos closed off 2.9%.

All the equities in my table finished lower, but the Nikkei outperformed its peers by dropping just 0.9%. The Euro STOXX, down 7.9%, saw the largest loss of any asset this week. The Dow Industrials were off 5.4% and the S&P 500 closed down 4.5%.

The only "bright spot" in the commodities was coffee, which managed to close unchanged; all others lost ground. Crude oil fell 9.3%, and platinum and palladium were hit hard, dropping 6.0% and 5.9% respectively. Copper held up relatively well, declining just 1.5%.

Year over year, the cryptocurrencies are clearly in the driver's seat, as Ether rose 58.9% and Bitcoin gained 16.7%. Gold stocks were not far behind, adding 16.3%. National currencies, bonds, and the major stock indexes are all deep in the red, but the worst performer continues to be crude oil, down 48.6%, with the Euro STOXX in second place, off 32.2%.

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Currencies and bonds moved higher, but other asset classes were mixed. The biggest gains were in cotton, which rose 4.4%, and Bitcoin, which gained 3.2%. Palladium fell more than any other asset, dropping 3.9%. Coffee was in second place, declining 2.9%.

The Japanese Yen was the strongest national currency, rising 1.2%. The US Dollar was next best, gaining 1.0%. The Euro was the weakest, adding just 0.1%. Short term notes tracked USD cash, advancing 1.0%, but long term bonds did much better, rising 1.8%.

Bitcoin rose 3.2%, the second largest gain in this week's table. Monero (not in table) did far better, soaring 13.9%. Ether rose 1.0%, but the broader 30 crypto index fell by 0.2%.

US stock markets rose, led by the S&P 500 which gained 1.1%. Gold stocks underperformed, falling 1.0%, as did the Euro STOXX, which dropped 0.9%. The Dow Industrials added 1.0%.

The week's big price moves were mostly in commodities, as cotton rose 4.4% and palladium fell 3.9%. Crude oil added 1.7% and coffee dropped 2.9%. Silver was up 1.1%.

Looking back over the last year, Ethereum and gold stocks continue to be the dominant winners, gaining 57.7% and 28.2% respectively. Crude oil and the Euro STOXX were the worst performing assets, falling 40.3% and 25.6% respectively.

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This was a pretty good week as long as you weren't in currencies or bonds. The biggest gains were in crude oil, which rose 8.5%, and palladium, which gained 4.9%. Long term bonds fell more than any other asset, dropping 2.7%. The Japanese Yen was in second place, declining 1.3%.

National currencies were mixed but mostly lower. The Canadian Dollar was the exception, rising 0.3%. The Yen fell 1.3%, and the US Dollar declined 1.1%. the Chinese Yuan is listed as unchanged because the Shanghai Gold Exchange was closed for a week of national holiday. Short term notes tracked USD cash, declining 1.1%, but long term bonds fell 2.7%, the largest loss in any asset in this table.

Cryptocurrencies rose strongly, with Ethereum (up 4.5%) leading the way. Bitcoin gained 3.6% and the broader index of the 30 largest cryptos added 3.4%. Some smaller cryptocurrencies outperformed the majors. For instance, Monero (not in table) rose 11.8%.

Stocks moved higher, led by the HUI gold stock index, which gained 3.7%. The Japanese Nikkei underperformed its peers, but still added 1.2%. The S&P 500 rose 2.8%.

Commodity price action was mostly bullish; only platinum closed lower for the week, down 0.9%. Crude oil rose sharply, gaining 8.5%, and palladium was also strong, rising 4.9%. Silver was a bit lackluster, adding 0.8%.

Looking back year over year, Ethereum and gold stocks remain the best performing assets, rising 57.5% and 25.0% respectively. Crude oil has the worst record, falling 39.5%. The US Dollar is in second place, giving up 21.6% of its value.

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Commodities were mixed, but all other asset classes moved lower. The biggest gains were in platinum, which rose 3.5%, and silver, which added 3.1%. Crude oil and coffee fell the most, dropping 10.1% and 6.3% respectively.

The US Dollar led all other nation's currencies lower, falling 2.3%. The Chinese Yuan dropped the least, giving up 1.4%. Short term treasury notes tracked USD cash, but long term bonds fell much more, declining 3.6%.

Most major cryptocurrencies moved lower, although some smaller ones bucked the trend. Ether dropped 3.8% and Bitcoin declined 3.3%. While the CCi30 index of the 30 largest cap cryptos was down 3.5% overall, some components rose strongly; for instance, Monero (not in table) rose 10.2%.

Stock indexes also fell, led by the Japanese Nikkei, which shed 2.8%. The Dow Jones Industrials outperformed, giving up just 0.4%. Gold stocks declined 0.9%.

The most extreme price action was all in commodities. On the downside, crude oil crashed 10.1% while coffee fell 6.3%. Precious metals were all in the black, as platinum rose 3.5%, silver gained 3.1%, and palladium added 2.5%. Copper did not participate in the metal rally; it closed off 2.1%.

On a year over year basis, Ethereum continues to reign with a gain of 51.3%. In a distant second place we have the HUI gold stocks, up 22.6%, and in third place is the CCi30 index, up 20.7%. The worst loss is in crude oil, down 44.9%. In a dead heat for second place are the Canadian Dollar, down 21.7%, and the US Dollar and the Euro STOXX index, down 21.6% each.

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National currencies and bonds rose sharply, but other asset classes were mixed. The biggest gains were in long term bonds, which soared 5.9%, and cotton, which rose 5.4%. Silver collapsed, dropping 12.3%. The second worst decline was in platinum, which fell 6.0%.

The US Dollar outperformed all other national currencies, rising 4.9%. The Eurozone (EUR, GBP and CHF) lagged behind, gaining 2.8% each. Long term bonds rose 5.9%, the largest gain for any asset this week. Short term notes traded in line with USD cash, adding 4.9%.

Crpytocurrencies were mixed, as Bitcoin rose 2.6% while Ethereum fell 3.9%. The index of the 30 largest cryptos, the CCi30, managed a 0.2% gain.

Equities were mostly higher, but gold stocks declined 2.1% and the Euro STOXX pulled back 1.2%. The S&P 500 was the equity leader, rising 4.2%. The Dow Industrials closed up 3.1%.

Commodities were once again the home of large price swings. This week was rough for silver, as it dropped 12.3%, erasing all of the metal's gains for August and September. Platinum dropped to a low of 13.9 grams on Thursday, but rallied to finish at 14.1 grams, down 6.0%. Cotton had a very good week, rising 5.4%, the second best performance of any asset in the table.

On a year over year basis, cryptos and gold stocks were the place to be, as Ether rose 71.3%, the CCi30 gained 29.1%, and the HUI added 20.5%. Crude oil and platinum were the worst performers, falling 41.4% and 26.8% respectively. European stocks were not far behind, dropping 21.4%.

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Bonds were lower, but other asset classes were mixed. The biggest gains were in crude oil, up 9.9%, and Bitcoin, which rose 5.0%. Coffee saw the largest loss, falling 14.5%. The second worst drop was in the Euro STOXX, which slid 0.9%.

The Japanese Yen was the strongest national currency, rising 1.6%, while the British Pound (not in table) was next best, gaining 1.2%. The US Dollar was the weakest currency, falling 0.2%. Short term treasury notes followed USD cash, but long term bonds fell more, declining 0.7%.

Among cryptocurrencies, the largest fared the best. Bitcoin rose 5.0% and Ether gained 2.4%, but the CCi30 index of the largest 30 cryptocurrencies fell 0.1%, as many of the smaller coins declined. For example, DASH (not in table) closed down 6.3%.

Japanese stocks rallied 1.4%, and gold stocks added 0.3%, but other indexes were lower. The European STOXX index fell 0.9%, and the S&P 500 dropped 0.8%. The Dow Industrials were off 0.2%.

As is often the case, commodities had the largest gains and losses of any asset type. Coffee imploded, but other commodities rose, led by crude oil's 9.9% gain. Copper was up 2.3%, and cotton added 1.1%. Coffee's all time low was 16.8 grams on 15-July-2020, and it hit its recent high of 21.6 grams on 4-Sep-2020. This week it fell every trading day to finish at 18.1 grams, down 14.5%, a 72% retracement.

Over the last year, Ether and gold stocks continue to outperform, rising 41.9% and 26.3% respectively. The largest losses were in crude oil, down 45.5%. Tied for second worst performance are platinum and the US Dollar, off 22.9% each.

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Almost every asset in the table lost value this week. The only exceptions were platinum, which rose 1.8%, and long term treasury bonds, which closed unchanged. The worst losses were in crude oil, down 7.2%, and Ethereum, off 4.5%.

The Canadian Dollar was the worst performing national currency, falling 1.6%. The Chinese Yuan did best, sliding 0.5%. The USD fell 1.1%; short term treasury notes dropped 1.0% and long term bonds closed unchanged.

Ether closed down 4.5%, Bitcoin was off 2.1%, and the larger crypto space as measured by the CCi30 declined 1.5%. Some of the smaller components of the CCi30 fared much better; for instance DASH finished the week up 4.4%.

The worst performing stock markets were in the US, as the S&P 500 dropped 3.6% and the Dow Industrials fell 2.7%. The Japanese Nikkei outperformed its peers, giving up just 0.1%.

The week's largest price swings were in the commodities, as crude oil plunged 7.2% and platinum rallied 1.8%. Other metals were not so lucky: copper fell 1.9% and silver declined 0.9%.

On a year over year basis, Ethereum (up 60.3%) and gold stocks (up 23.7%) are the best performers. The worst assets to hold were crude oil (down 48.7%) and platinum (off 24.4%). The Canadian and US Dollars were close behind, falling 23.6% and 23.5% respectively.

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National currencies and bonds rose, cryptocurrencies fell, while stocks and commodities were mixed. Coffee (up 7.8%) and Palladium (up 6.9%) experienced the largest gains. The worst losses were in the cryptocurrencies, as Bitcoin dropped 7.5% and the CCi30 fell 6.7%. Crude oil was close behind, falling 6.0%.

The US Dollar led the national currencies higher, rising 1.6%. The Japanese Yen underperformed, gaining just 0.6%. Treasury notes moved up in line with USD cash, but long term bonds soared 2.7%.

Bitcoin started the week by rising to a high of 188.8 grams on Tuesday, then was slammed hard on Thursday, falling to 164.2 grams before recovering to end the week at 169.7 grams, down 7.5%. Ethereum followed a similar pattern, but rose to a high of 7.52 grams before falling to close at 6.27 grams, down just 0.3%.

Japanese stocks, possibly buoyed by the cheap Yen, outperformed their peers, rising 2.1%. Gold stocks turned in the worst performance, falling 1.0%. US stocks rose to 6 week highs on Wednesday, then gave back all those gains and more. Overall, the S&P dropped 0.7% and the Dow Industrials declined 0.2%.

Commodities were a very mixed bag. Coffee and palladium turned in the week's best gains, rising 7.8% and 6.9% respectively. Crude oil collapsed 6.0%, the worst drop outside of the crypto space. Copper made nice gains, climbing 3.9%, while silver was little changed, down 0.4%.

Year over year, Ethereum (up 72.7%) remains the best performer, while crude oil (down 43.3%) remains the worst. Palladium (up 17.8%) and the HUI gold stocks (up 15.7%) trail far behind ETH. Platinum (off 25.8%) is in second place to the downside. Behind platinum are all the national currencies, led lower by the JPY and USD (down 19.8% and 19.7% respectively.)

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