monetary universe

This week the markets have shifted into bull mode; except for gold stocks and a few commodities, assets are broadly in the green. There were only four falling assets, with the largest losses in copper, down 3.1%; platinum and the HUI gold stocks were each off 1.3%. Crude oil retreated 0.4%. The week's biggest gains were in Ethereum, up 23.5%, and cotton, up 8.8%. Coffee and silver also made strong gains, rising 7.5% and 5.7% respectively.

More on Weekly Update 24 May 2024

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After two generally "up" weeks, the table has turned mostly red, with national currencies, cryptos, and bonds all down, and stocks and commodities mixed. There were only four rising assets, with the largest gains in silver, up 4.5%, and gold stocks, up 1.4%. Palladium added 0.8%, and the Euro STOXX inched ahead 0.2%. The week's worst losses were in crypto, as Ether fell 9.7% and Bitcoin dropped 6.3%. The Japanese Yen fell 5.1% to a new all-time low. Coffee dropped 4.0% and crude oil closed down 3.1%.

More on Weekly Update 10 May 2024

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Most assets were in the green, including stocks, bonds, cryptos, and most national currencies; commodities were mixed. The largest gains were in stocks, as the Euro STOXX rose 4.7% and the S&P 500 gained 4.3%. Gold mining stocks advanced 4.0%. The largest losses were all in commodities: coffee fell 3.0%, palladium dropped 2.0%, and silver declined 0.6%. Platinum, although little changed for the week, is hovering near its all-time lows. The Japanese Yen fell 0.4% to a new all-time low.

More on Weekly Update 26 Apr 2024

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Commodities were mixed and gold stocks rose, but all other assets moved lower. The largest gains were in coffee, up 8.4%, and silver, up 5.1%. The worst losses were in the CCi30 crypto index, down 10.3%, and cotton, off 9.1%. Gold mining shares rose 3.3%, while the Nikkei fell 7.1% and the Dow Industrials dropped 5.8%. The US Dollar fell 3.7%, as it and every other major national currency (except the Ruble) hit new all-time lows.

More on Weekly Update 5 Apr 2024

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Treasury bonds moved lower, as did all national currencies except the US Dollar, which managed a 0.4% gain. Other asset classes were mixed. The largest gains were in copper, up 6.2%, and crude oil, up 4.3%. The worst losses were in coffee, down 4.1%, and Ethereum, off 3.6%. Precious metals did well, as palladium gained 3.7%, silver rose 3.3%, and gold mining stocks added 2.1%. Bitcoin also gained 2.1%, closing just under 1 kg.

More on Weekly Update 15 Mar 2024

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Only cryptocurrencies, precious metals and gold stocks advanced, other assets declined. The 30 crypto index was the best performing asset, rising 8.0%, followed by Ethereum, up 7.1%. Palladium rose 5.3% and Bitcoin gained 3.3%. The worst losses were in crude oil, down 7.9%, and cotton, down 7.8%. The US Dollar dropped 5.6% to a new all-time low of 14.3 mg (the EUR, JPY, CAD, CHF, GBP, and AUD, among others, also made new all-time lows this week.)

More on Weekly Update 8 Mar 2024

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National currencies and bonds fell, cryptocurrencies charged higher, and stocks and commodities were mixed. Bitcoin was the best performing asset, rising 21.4%, followed by the CCi30 crypto index, up 17.9%. Palladium fell 5.0% and crude oil rose 3.4%. The US Dollar dropped 1.1% and sits just 1.4% above it's all-time low. The Russian Ruble (not in table) was the only major currency to see gains, rising 2.3% for the week.

More on Weekly Update 1 Mar 2024

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Most assets moved higher; the only exceptions were coffee, down 1.5%, and gold stocks, off 0.2%. Ethereum was the best performing asset, rising 14.3%, followed by Bitcoin, up 12.1%, and the CCi30 crypto index, up 9.9%. Palladium rallied 9.4% and copper added 5.5%. The US Dollar led other national currencies, gaining 1.3%, and cash outperformed treasuries as well. CNY shows as unchanged because the Shanghai Gold Exchange is closed for Lunar New Year.

More on Weekly Update 16 Feb 2024

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Cryptocurrencies were mixed, but other asset classes were in the green or unchanged. Crude oil was the best performing asset, rising 6.8%, followed by coffee, up 5.2%, and the Euro STOXX, up 3.7%. The largest losses were in Ethereum, down 8.4% and the CCI30 crypto index, off 2.0%. The US Dollar finished the week up 0.5%, while Bitcoin gained 1.1%. The S&P 500 rose 1.6%.

More on Weekly Update 26 Jan 2024

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Stocks and bonds rose, but other asset classes were mixed. Ethereum was the best performing asset, shooting 11.4% higher on ETF speculation, followed by the Nikkei 225, up 6.5%, and the S&P 500, up 1.9%. The largest losses were in palladium, down 4.2%, platinum, down 2.9%, and Bitcoin, off 2.7%. The US Dollar finished the week unchanged (the CNY also shows unchanged, but that is due to the Shanghai Gold Exchange being closed for a long New Years celebration.) Not shown on the chart is the Russian Ruble, which outpaced other currencies to rise 2.9% this week.

More on Weekly Update 12 Jan 2024 – Happy New Year!

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