Stocks and bonds moved higher, while cryptocurrencies, commodities and national currencies were mixed. The crypto bulls regained their mojo, sending bitcoin up 8.1% and powering ether to a new all-time-high, a gain of 26.3% for the week. The largest losses were in coffee, which dropped 5.1%, and cotton, which fell 2.7%. Silver continued to retreat, giving up 2.6% while platinum rose 3.6%.
The Chinese Yuan fell 0.8% and the Japanese Yen declined 0.6% while the Canadian Dollar rose 0.4%. The US Dollar and its short term notes each rallied 0.3%. Long term bonds did much better, gaining 1.1%.
Large cap cryptocurrencies scored big gains. Ethereum soared 26.3% to a new all-time-high of 38.6 grams. Bitcoin rose 8.1%, closing the week near its highs at 1.07 kg. The broader index of 30 cryptos didn't fair as well, sliding 0.3%.
Stocks were all in the green this week, led by the HUI gold stock index, up 3.4%, and the Euro STOXX, up 2.3%. US stock markets under performed, as the S&P 500 rose 1.5% and the Dow Industrials added just 0.6%.
Coffee, down 5.1%, and cotton, off 2.7%, had the worst losses this week. Platinum and crude oil were the best performing commodities, rising 3.6% and 1.1% respectively.
Year over year, much of the table is now turning green, led by the cryptocurrencies in a league of their own. Ether rose a stunning 1,343%, and Bitcoin gained 719%. The broader CCi30 index appreciated by 602%. The largest losses were in long term bonds, down 22.5%, and the Japanese Yen, off 8.6%. Outside of cryptos, the largest gains were in commodities, where crude oil rose 127.3% and copper surged 68.8%. Silver took third place, gaining 60.7%. Coffee was the only commodity in the red, down 4.6% on the year.
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