Weekly Update 3 Dec 2021

Commodities and equities were mixed, while national currencies, cryptos, and bonds all were in the green. Ethereum, up 6.7%, and the 30 crypto index (up 5.6%) had the largest gains, followed by long term bonds, which rose 4.6%. Cotton, down 4.5%, and silver, off 3.6%, had the largest losses.

National currencies were all higher, led by the US and Canadian Dollars, up 1.9% apiece. The Chinese Yuan lagged, but still posted a healthy 1.4% gain. Short term notes underperformed cash, rising 1.8%, but long term bonds soared 4.6%.

Bitcoin was the weakest crypto currency, gaining 1.9%, and remaining below the 1 kg level. Ether was the leader, rising 6.7%. The broad CCi30 rose 5.6%.

Stocks were mixed, with the Euro STOXX index gaining 1.5%, while gold mining stocks fell 2.1%. The only other falling index was the Nikkei, which closed down 0.7%.

Commodities were very mixed, as palladium rose 2.7%, but cotton fell 4.5%. Silver also took a beating, dropping 3.6%. Copper added 1.5% while crude oil closed down 0.9%.

Year over year, crpytos are still the leaders, with ETH up 627.4% and the broad CCi30 up 272.4%. Outside of crypto, coffee, up 110.7%, and cotton, up 59.3% are the best performers. Palladium, down 21.7%, and gold stocks, off 13.3% had the largest losses.

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