National currencies and bonds fell, cryptocurrencies advanced, and equities and commodities were mixed. The week's best performers were Ethereum, up 8.5%, and Bitcoin, up 8.1%. Outside of Crypto, silver was the star, gaining 2.6%. The largest losses were in crude oil, down 9.7%, cotton, down 4.6%, and palladium, down 3.8%. The US Dollar fell 3.0% to a new all-time low; all other major currencies also made new all-time lows.
Once again, the S&P 500 and the Dow Jones Industrials both hit all-time highs when priced in depreciating dollars, but continued falling to levels far below their all-time highs when priced in gold, now down 69% for the SPX and down 74% for the Dow.
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