Once again, cryptocurrencies were lower while other asset classes were mixed. The biggest drops were in Ethereum, down 4.5%, and palladium, off 3.9%. The HUI gold stocks were the week's biggest winners, rising 4.4%.
The Chinese Yuan was the only rising national currency, gaining 0.5%. The Canadian Dollar and Japanese Yen fell the most, each closing down 0.8%. The US Dollar was off 0.7% as were it's 1-3 year bonds. TLT, composed of 20+ year bonds, rose 0.1%.
There were no shocking moves in cryptos this week, just a gradual settling of prices. Bitcoin ended down 2.3% while Ethereum closed 4.5% lower. Some smaller coins even managed gains, like DASH which closed up 2.3%.
Gold stocks outperformed all other asset classes this week, rising 4.4%. The European STOXX also managed a gain of 0.3%, but all other indexes fell. The S&P 500 had the largest drop, giving up 1.0%. The DOW fell 0.6%.
Commodities were very mixed, though losses outnumbered gains. Coffee rose 1.0% and platinum gained 0.6%. Its sister metal, palladium, fell 3.9%, but still held its price well above that of gold, closing at 32 grams. Silver also declined, dropping 1.4%.
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