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Weekly Update 20 Aug 2021

Cryptos and bonds were mixed, but other asset classes moved lower. The broad index of 30 cryptos, up 7.2%, and Bitcoin, up 2.9%, were the week's best performers. Palladium dropped the most, falling 13.5%. Crude oil also had a bad week, declining 9.5%.

Among the national currencies, the Canadian Dollar and Chinese Yuan fell the most, dropping 3.1% and 1.9% respectively. The Japanese Yen and US Dollar were the best performers, giving up 0.2% and 0.3%. Short term notes fell 0.3% in line with USD cash, but long term bonds rose 1.1%.

In crypto, the smaller coins outdid the large caps, as the CCi30 gained 7.2%, the week's strongest performance for any asset. Bitcoin rose 2.9%, but Ethereum lagged, falling 1.4%.

Stocks were all in the red, but gold stocks fell the most, dropping 6.1%. The S&P 500 fell the least, declining 0.9%.

Commodities saw the worst of the week's carnage. Palladium fell 13.5% and crude oil dropped 9.5%, the largest declines of any assets. Silver did better than any other commodity in the table, sliding 1.1%.

Year over year, there are only two assets in the red: gold stocks, down 24.6%, and silver, down 6.6%. Everything else is in the green, but by far the greenest pastures are in crypto land, where Ether is up 800.5%, and the CCi30 crypto index is up 392.4%. Outside of crypto, coffee, up 62.9%, and crude oil, up 57.2%, are the best performers.

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