Weekly Update 10 Mar 2017
Commodities were mixed this week, while major stock indexes, bonds and government-issued currencies were higher. Bitcoin, volatile as always, gave back all of the prior week's gains, falling 11.7% to 28.9 grams (though as of Tuesday the 14th, it was again above parity with gold). The largest gains were in the Euro STOXX, which rose another 3.1% to 920 mg.
The weakest currency was the Japanese Yen, which rose 1.2%. The Euro rose the most, gaining 2.8%. Bonds were mixed and again favored the shorter maturities: the long term TLT was little changed, adding 0.2%, while the short term SHY gained 1.9%, and USD cash rose 2.0%.
The only equities to close the week lower were the gold stocks: the HUI was down 0.7%. European stocks led the way higher, rising 3.1%, followed by the Nikkei, which gained 1.9%. The Dow Jones Industrials and S&P 500 each rose 1.5%.
Commodities were mixed, with palladium up 1.4%, and cotton up 1,1%. Crude oil saw the largest losses, falling 7.3%, while platinum fell 2.7% silver was down 2.5%.