This was a short week due to Good Friday and the Spring holidays. Almost all assets closed higher; the lone exception was the HUI gold stock index, which dropped 3.3%. Cryptocurrencies were the largest gainers, as Ethereum rose 7.0% and Bitcoin advanced 5.7%.
Commodities and equities were mixed, but all other asset categories were higher. The largest gains were in Ethereum, which soared 5.2%, but copper also rose strongly, adding 4.7%. Palladium plunged 9.5% to close at 33.4 grams/oz, just above parity with gold, the largest loss for the week.
National currencies and major stock markets were higher, cryptocurrencies lower, and bonds and commodities were mixed. The largest gains were in the PGMs, as palladium rose 6.2% and platinum gained 5.3%. The worst losses were in Ethereum, which gave back some of last week's massive gains, closing down 7.3%, and gold stocks, which fell 4.4%.
National currencies and bonds were lower, stocks were mixed, and cryptocurrencies and commodities were higher. In some cases, much higher! Ethereum surged 21% to close at 3.5 grams, and copper rose 4.4%. The largest losses were in the 20+ year treasury bonds, which fell 1.3%.
National currencies and bonds were lower, major stock indexes were higher, and cryptos were mixed… but the big price moves were in commodities. Crude oil soared 5.7% while coffee and cotton fell 4.3% and 3.3% respectively. Platinum dropped to another new all-time low, while palladium gained 3.0% to reach a new 15-year high.
Commodities were mixed and gold stocks were sharply higher, but all other assets were lower. Ethereum, which dropped 9.3%, had the largest losses. The best performers were gold stocks, which rose 4.7%, and silver which gained 2.2%.
Results for the first full week of trading in 2019 were mixed for currencies, stocks and commodities, but lower for cryptos and bonds. Ethereum, the prior week's biggest gainer, was this week's worst loser, giving back all of its gains and then some, closing down 18.1%. Bitcoin was in second place, dropping 5.1%. Commodities were the best performers, as crude oil added another 6.6% on top of last week's 5.7% gain, and palladium rose 3.8% to close at 32.0 grams, solidly above parity with gold.
The short trading week over Christmas brought a mix of results, taking bonds and national currencies lower, and producing a range of results for cryptocurrencies, stocks and commodities. The largest gains were in Ethereum, which rose 23.7%, and silver, which gained 2.4%. Cotton took the biggest losses, closing down 3.0% followed by the Canadian Dollar and crude oil which each fell 2.2%.
It was a rough pre-Christmas week for most asset classes except the cryptocurrencies, which bounced back strongly; Ethereum rose 27.5%, while Bitcoin gained 18.0%. Commodities were hardest hit, as crude oil plunged 12.2% and cotton sank 9.8%. Stocks weren't spared, either; the S&P 500 closed down 8.7%.
This was a good week for bonds and the major stock indexes, but cryptocurrencies fell again and commodities were mixed. Palladium led the way higher, gaining 6.1%, while Ethereum took the worst beating, dropping 7.8%. The DJIA was the second best performer, rising 5.7%.