This was a good week for stocks and cryptos, a bad week for bonds, and a mixed week for currencies and commodities. The biggest changes were in commodities, as copper rose 6.2% and coffee dropped 4.7%. Ethereum closed the week up 3.3%, but the crypto markets fell hard over the weekend, with Ethereum down 12% on Sunday.
This was a very "risk on" week, as buyers pushed the prices of every asset class, except platinum, higher. The largest gains were in cotton, up 5.1%, and Ethereum, up 5.0%. Platinum lost 1.9%, and closed at 21.3 grams/oz, just 0.3% above its all-time lows.
National currencies, cryptocurrencies, and bonds were all lower this week, while equities and commodities were mixed. Ethereum dropped the most, giving up 14.5% for the week. Palladium saw the largest gain, rising 3.1%.
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Bonds and currencies were mixed, while cryptocurrencies, equities, and commodities were all higher. Ethereum and Bitcoin were by far the strongest assets, rising 25.6% and 12.6% respectively. The weakest asset class was long term bonds, as TLT fell 1.5%.
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This was a great week for every asset class except the cryptocurrencies. Ethereum took the biggest hit, falling 25.6% to close at 9.3 grams. Bitcoin also fell hard, giving up 21.1% and closing at 161.9 grams. The strongest assets were stocks, led by the Euro STOXX 50 index, which rose 4.5%, closely followed by the Nikkei and the Dow Industrials.
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This was a rough week for cryptocurrencies, a good week for bonds, and a mixed week for other asset classes. Ethereum took the biggest beating, falling 16.8% to close at 14.3 grams. Bitcoin also fell hard, giving up 10.0%. Strongest was the Nikkei index, which rose 2.6%, closely followed by 20+ year treasury bonds, which gained 2.4%.
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2017 was an exciting year, especially in the cryptocurrency markets, where Bitcoin rose about 12x, Ethereum rose about 82x, and other smaller coins and tokens rose even more. Commodities were very active, with palladium surging 38% while coffee fell 19%. Bonds and most currencies were lower, while major stock indexes were higher.
Digital tokens rose strongly, while other asset classes were mixed. Ethereum made the largest gains, rising a whopping 49.6% to close at 17.0 grams, while Bitcoin ended in second place, up 9.3%. Copper was in third place, rising 4.9%. The largest losses were in coffee, which fell 1.8% for the week, while the EURO STOXX 50 dropped 1.5% and platinum fell 1.4% to close at 21.9 grams per ounce, a new all-time low.
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Digital tokens and commodities were again mixed, while other asset classes were mostly higher. Bitcoin made the largest gains, rising 50.8% for the week to close at 399.3 grams. Cotton ended in second place, up 2.6%. The largest losses were in coffee, which fell 3.5% for the week, while gold stocks dropped 2.8% and platinum fell 2.6% to close at 22.2 grams per ounce, a new all-time low.
More on Weekly Update 8 Dec 2017: Bitcoin Ignites Second Stage
Digital tokens and commodities were mixed, while other asset classes were unchanged or higher. Bitcoin made the largest gains, rising 34.0% to close at 264.8 grams, a new all time high. The largest losses were in silver, which fell 2.6% for the week, closing at 0.4 grams per ounce.