Weekly Update 27 Aug 2021

Commodities were all in the green and equites and national currencies were mixed; cryptocurrencies and bonds were in the red. Crude oil, up 9.4%, and coffee, up 5.2%, made the largest gains. Long term bonds, down 1.8%, and Bitcoin, off 1.6%, had the largest losses.

The Canadian Dollar was the only rising national currency, gaining 0.8%. The Japanese Yen and US Dollar fell the most, dropping 1.2% and 1.1% respectively. Long term bonds fell 1.8% and short term notes fell 1.0%.

Cryptocurrencies fell, led by Bitcoin and Ethereum, off 1.6% each. The broader index of 30 cryptos was off 1.4%. Some of the smaller cryptos did well, however; for example, privacy focused Monero gained 10.5%.

The Dow Industrials declined 0.1%, but all other equity indexes rose. Gold stocks gained 4.9%, and the Nikkei added 1.1%.

Commodities were all higher, led by crude oil, up 9.4%, and coffee, up 5.2%. Platinum and silver lagged, gaining 0.4% and 0.6% respectively.

Year over year, cryptos continue to dominate. Ethereum was the best performer, rising 809.5%. Commodities were also power houses; crude oil rose 70.8% and coffee gained 65.7%. Among the equities, the S&P 500 was strongest, adding 38.4%. Gold stocks fell 18.8%, and silver dropped 7.3%, the only assets in the red for the year.

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