Platinum

It has been an interesting week with a surprise ending! Up until Friday's London PM fix, the official price I use for calculating the value of the US Dollar and other currencies, my summary would have been "National currencies, cryptocurrencies and bonds rose, while equities and commodities were mixed." But shortly after the PM fix, all hell broke loose in the trade war between the US and China, and currencies, especially the USD, tanked. This affects the prices of all the assets quoted in those currencies, pushing most of them lower by 1.0% to 1.5%. So the summary became "National currencies and bonds fell, while cryptocurrencies, equities and commodities were mixed." The biggest winners and losers remain the same, however. Gold stocks trounced all other assets, rising 6.7% (or 5.2% at end of day). The largest losses were in cotton, which dropped 2.5% (or about 4.0% by end of day).

More on Weekly Update 23 Aug 2019

National currencies, cryptocurrencies and equities fell, led by Bitcoin which dropped 13.6%, giving back most of its gains for the last month. Bonds and commodities were mixed, with the largest gains in TLT, the long term bond fund, which rose 3.1%. Outside of the cryptos, the largest losses were in coffee, down 5.7%, and platinum, off 4.6% to a new all-time low of 17.1 grams.

More on Weekly Update 16 Aug 2019

National currencies and bonds fell, while all other asset classes were mixed, but mostly lower. The largest gains and losses were both in the cryptocurrency group, as Bitcoin rose 8.6% and Ethereum fell 7.0%. The second-largest losses were in the Chinese Yuan, which plunged 6.4% — a huge one-week drop for a national currency. The next largest gains were in gold stocks, which added 1.3%. The only other rising asset was silver, up 1.0%.

More on Weekly Update 9 Aug 2019 CNY Plunges

Stocks and commodities moved lower, while all other asset classes were mixed. Bitcoin made the largest gains, rising 5.0%. The biggest losses were in palladium and cotton, which dropped 10.6% and 9.3% respectively. We seem to be seeing a shift away from high-flying assets towards relative "safe havens" like gold, Bitcoin, and long term treasury bonds. New safe haven options are coming soon, including gold bonds (more on that below.)

More on Weekly Update 2 Aug 2019 Gold Bonds?

Currencies, bonds, and major stock indexes moved higher, while cryptos and commodities were mixed. Cotton and the S&P 500 made the largest gains, rising 3.7% and 3.0% respectively. The biggest losses were in Coffee, which fell 5.8%, and Bitcoin, which dropped 5.0%.

More on Weekly Update 26 Jul 2019

Currencies, cryptocurrencies, bonds, and major stock indexes were all lower, while commodities were mixed and gold mining stocks rose. Silver and platinum made the largest gains, rising 7.0% and 3.7% respectively. The biggest losses were in Ethereum, which cratered 21.7%, and Bitcoin, which dropped 12.9%. Crude oil was also hit hard, falling 9.7%.

More on Weekly Update 19 Jul 2019 ETH crashes, Silver soars

Bonds were lower, but all other asset categories were mixed. Bitcoin and crude oil had the largest gains, as BTC rallied 6.2% and crude added 3.3%. The biggest losses were in cotton, which fell 6.6%, and Ethereum, which dropped 5.4%.

More on Weekly Update 12 Jul 2019

Cryptocurrencies were lower, stocks and bonds were higher, and national currencies and commodities were mixed. Bitcoin had the largest loss, pulling back 10.2% this week, but was still up 34.9% from one month ago. The biggest gains were in cotton, which rose 6.4%, and palladium, which added 4.8%.

More on Weekly Update 5 Jul 2019

Cryptocurrencies moved to new highs for the YTD, national currencies and bonds slid lower, and stocks and commodities were mixed. Bitcoin topped the winner's list, rising 12.9%. Crude oil and gold stocks also rose strongly, gaining 5.8% each. The largest losses were in cotton, which plummeted 10.3%.

More on Weekly Update 21 Jun 2019

Cryptocurrencies moved higher, national currencies and bonds slid lower, and stock indexes and commodities were mixed. Bitcoin topped the winner's list, rising 7.2%. Palladium also rose strongly, gaining 5.9%. The largest losses were in coffee, which fell 5.6%.

More on Weekly Update 14 Jun 2019