Weekly Update 16-Dec-2016

This was a good week for most asset classes, with both the best and the worst performances among the commodities. The big winner was coffee, which added 5.1%, reversing it's multi-week losing streak. Palladium took the biggest hit, falling 4.9%. The Fed's announcement of a quarter point hike in interest rates (which was widely anticipated) gave new strength to the USD, pushing it up 2.8%, more than any other currency except Bitcoin, which rose 4.2%.

The only currency to fall was the Japanese Yen, which lost 0.2%. Bonds were higher, but buyers again showed their distaste for longer maturities, as the 20+ year TLT gained 2.5%, while the 1-3 year SHY gained 2.6%, and USD cash outperformed both by rising 2.8%.

All major stock indexes were higher, led by the Dow Jones Industrials, which rose 3.3%. The Nikkei 225, the weakest of the large cap indexes, gained 1.9%. The HUI gold stocks were once again the only falling equities, down another 4.0%.

As mentioned earlier, commodities were the movers and shakers this week. In addition to coffee's 5.1% gain, crude oil rose 3.6% and cotton rose 3.2%. On the downside, palladium was joined by silver, which fell 2.6%, and copper, which gave back 0.3%.

Just in time for the holidays, my friends at Inflation Domination have created a new FREE eBook called Mining for Profits that includes a chapter from Priced in Gold titled "Investing outside the Matrix", where I look at how and why to use gold pricing to improve investment returns, strategies for counter-party risk free investing, and more. There are also chapters on alternative energy, evaluating mining stocks, and trading strategies for maximizing profits. My chapter includes a link to a bonus video going into detail on how to use gold pricing to supercharge profits when trading the stock market. It's FREE to all readers of Mining for Profits. Take advantage of this opportunity, and let me know what you think. Happy Holidays from the crew at Priced in Gold!

Priced in Gold Weekly Summary

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