Over the last three weeks, our table has gone from green to mixed to red. The only asset in the green this week is the HUI gold stock index, up 2.4%. Besides gold stocks, the week's best performers were silver, down 0.7%, followed by copper and coffee, down 1.2% each. The largest losses were in cryptos, as Ethereum fell 12.1%, and the CCi30 fell 10.6%. Outside of crypto, the worst performers were palladium, down 5.4%, and the Euro STOXX, down 5.3%. The US Dollar fell 2.8% to a new all-time low, and Bitcoin dropped 9.7%.
For the second week in a row, the S&P 500 and the DJIA both hit all-time highs when priced in depreciating dollars, but remain far below their all-time highs when priced in gold, down 66% for the SPX and down 70% for the Dow.
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