Weekly Update 24 Dec 2021 Merry Christmas!

Stocks and crypto currencies rallied, while bonds fell. National currencies and commodities were mixed, but mostly higher. The CCi30 crypto index rose the most, gaining 13.0%. Coffee and long term bonds were the biggest losers, falling 1.9% and 1.5% respectively.

The Euro was this week's strongest national currency, up 0.6%, followed by the Canadian Dollar, up 0.4%. The Japanese Yen, down 0.5%, was weakest. The USD rose 0.1%, but bonds underperformed cash; long term bonds dropped 1.5%, while short term notes declined 0.1%.

Cryptocurrencies were the week's best performers. The broad 30 crypto index gained 13.0%. Bitcoin rose 10.2%, but still remains below the 1 kg level, at 875.7 grams.

Stocks were all in the green, led by gold stocks, up 2.6%, and the Euro STOXX, up 2.4%. The Japanese Nikkei was the weakest index, up 0.8%. The Dow Industrials rose 1.7% while the S&P 500 added 2.3%.

The only declining commodity was coffee, down 1.9%. Palladium was the best performer, rising 6.4% and closing back above parity with gold at 32.6 grams. Crude oil was the next strongest, rising 4.3%. Platinum also was strong, gaining 4.0%. Silver was little changed, up 0.2% at 0.391 grams per ounce.

Year over year, cryptocurrencies are still outperforming all other assets, with Ether up 620% and the 30 crypto index up 249%. Outside of crypto, coffee, up 90.7%, and crude oil, up 58.9%, are the best performers. Palladium has the worst track record, losing 15.7% of it's value, followed by gold stocks, which are down 11.1%. Next week we will look more in depth at the overall results from 2021.

Happy Holidays!

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Weekly Update 17 Dec 2021

National and crypto currencies moved lower, while bonds rose. Stocks and commodities were mixed, but mostly lower. Bitcoin fell the most, dropping 3.7%. Gold stocks and silver bullion were the biggest winners, rising 2.3% and 1.8% respectively.

All national currencies fell, but the Canadian Dollar fell the most, dropping 2.4%. The Chinese Yuan and US Dollar fared best, declining 1.4% and 1.5%. Bonds moved higher, with gains of 1.4% for long bonds and 0.1% for short term notes.

Cryptocurrencies continued to slide, although at a slower rate than last week. On Monday the 12th, Bitcoin hit a high of 875 grams before working to lower to close the week at 795 grams, down 3.7%. The broader index of 30 cryptos dropped 2.6%.

Stocks were mostly lower, but gold stocks bucked the trend, closing up 2.3%, making them the week's best performing asset. The Euro STOXX index underperformed its peers, falling 2.2%. The Dow Industrials closed down 1.7%.

The only rising commodity was silver, with a gain of 1.8%. The weakest commodities were Crude oil, down 2.7%, and platinum, off 2.6%. Coffee turned in a relatively strong performance, giving up ust 0.2%.

Year over year, cryptocurrencies continue to dominate, with Ethereum up 524.7% and the 30 crypto index up 197.6%. The next best category is commodities, with coffee up 94.9% and crude oil up 53.3%. The year's worst losses are in palladium, down 20.0%, and gold stocks, down 15.7%.

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Weekly Update 3 Dec 2021

Commodities and equities were mixed, while national currencies, cryptos, and bonds all were in the green. Ethereum, up 6.7%, and the 30 crypto index (up 5.6%) had the largest gains, followed by long term bonds, which rose 4.6%. Cotton, down 4.5%, and silver, off 3.6%, had the largest losses.

National currencies were all higher, led by the US and Canadian Dollars, up 1.9% apiece. The Chinese Yuan lagged, but still posted a healthy 1.4% gain. Short term notes underperformed cash, rising 1.8%, but long term bonds soared 4.6%.

Bitcoin was the weakest crypto currency, gaining 1.9%, and remaining below the 1 kg level. Ether was the leader, rising 6.7%. The broad CCi30 rose 5.6%.

Stocks were mixed, with the Euro STOXX index gaining 1.5%, while gold mining stocks fell 2.1%. The only other falling index was the Nikkei, which closed down 0.7%.

Commodities were very mixed, as palladium rose 2.7%, but cotton fell 4.5%. Silver also took a beating, dropping 3.6%. Copper added 1.5% while crude oil closed down 0.9%.

Year over year, crpytos are still the leaders, with ETH up 627.4% and the broad CCi30 up 272.4%. Outside of crypto, coffee, up 110.7%, and cotton, up 59.3% are the best performers. Palladium, down 21.7%, and gold stocks, off 13.3% had the largest losses.

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Weekly Update 5 Nov 2021

National currencies and bonds moved lower, but other asset classes were mixed. Gold stocks, up 2.1%, had the largest increase, while crude oil, down 4.2%, and Bitcoin, off 3.6%, had the largest declines.

The Chinese Yuan, off 0.1% was the strongest national currency, while the Euro, down 3.0%, was the weakest. The US Dollar dropped 1.8%. Short term treasury notes did slightly better, falling 1.6%. Long term bonds outperformed, closing down 0.6%.

The broad crypto market as measured by the CCi30 index advanced 1.1%, while Bitcoin consolidated between it's recent high and the 1 kg level, finishing at 1,055.2 grams, off 3.6%. Ethereum made a new all-time-high of 81.3 grams on Wednesday, then pulled back to close the week down 0.2%.

Stock markets had a good week, with only the Dow Industrials closing lower by 0.4%. Gold stocks took the lead, rising 2.1%, while the the Japanese Nikkei gained 1.1%.

Commodities were mixed, but most of the action was to the downside. Crude oil fell 4.2%, the largest drop of any asset in the table. Silver close down 2.6%, and copper closed off 2.4%. Palladium rose 0.9%, and platinum was little changed.

Year over year, the table is mostly green. Cryptos have been the best performing asset class, led by Ether, up 1,076.5%, and the CCi30, up 513.4%. Crude oil is up 126.1% and coffee has risen 107.3%. The worst declines have been in gold stocks, down 19.4%, and palladium, off 9.3%.

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Weekly Update 29 Oct 2021 ETH at All-Time High

Reversing colors again, this week is mostly in the green. Ethereum made the largest gains, rising 13.7% to a new all-time high of 77.6 grams. Cotton also did very well, adding 8.4%. The weakest assets were platinum, down 2.9%, and gold stocks, off 2.1%.

The only declining national currency was the Chinese Yuan, down 0.3%. The US Dollar showed the most strength, gaining 2.2%. Short term notes followed suit, also gaining 2.2%, while long term bonds outperformed, rising 4.7%.

Cryptos were very strong, especially Ethereum, which rose 13.7% to a new all-time high of 77.6 grams. The broader crypto market followed; the CCI30 index added 6.4% and Bitcoin advanced 4.8% to just shy of 1.1 kg, hovering about 5% below its all-time high.

Stocks had a deceptively good week, with the DJIA and S&P 500 making new all-time highs in US Dollar terms. Priced in gold, only the HUI gold stocks were in the red, falling 2.1%, and the S&P 500 rose 3.6% to a 15 year high… but that's still 53% below its all-time high of 173.1 grams set in July of 1999. The DJIA gained 2.6% to close at 629.7 grams, but failed to surpass its August high of 636.5 grams, and sits 55% below its 1999 all-time high of 1,393.2 grams.

The commodity sector was mixed, with cotton rising 8.4% and platinum falling 2.9%. Copper declined 0.7% while silver gained 0.9%. Coffee rose 4.3% and crude oil finished 2.0% higher.

Year over year, only four assets are in the red: gold stocks, down 14.6%, palladium, down 5.5%, the Japanese Yen, off 2.9%, and long term treasury bonds, off 0.6%. The biggest winners are, of course, cryptos. Ether beat all other assets, climbing 1,100.6% to a new all-time high, and the broader 30 crypto index gained 502.3%. Outside of cryptos, the best gains are in crude oil, up 144.3%, and coffee, up 106.1%. The best performing stock index is the Euro STOXX, which gained 49.8%.

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Weekly Update 22 Oct 2021

In a reversal of last week's "mostly green" theme, this week is mostly red; only silver (up 2.5%), the Chinese Yuan (up 0.9%), and Ethereum (up 0.8%) finished higher. Palladium and copper fell the most, dropping 6.9% and 6.8% respectively. Bitcoin pulled back 3.4% after making new all-time highs, but remained above the 1.0 kg level.

The Chinese Yuan was the strongest (and only rising) national currency, adding 0.9%. The US Dollar was the weakest, dropping 2.0%. Treasury bonds did even worse, as short term notes declined 2.1% and long term bonds fell 2.6%.

Cryptocurrencies had a wild ride. Bitcoin rose to a new all-time high of 1,154 grams before pulling back to close at 1,044 grams, off 3.8%. Ether also made a new all-time high of 72.7 grams, but closed the week with only a small gain, up 0.8%.

Stocks were all in the red, with the Nikkei 225 taking the largest hit (down 2.5%). Gold stocks held up the best, giving up just 0.3%. The Dow Industrials and the S&P 500 dropped 0.9% and 0.4% respectively.

Silver was the best performing asset this week, rising 2.5%, but the rest of the commodity complex was in the red. Hardest hit were palladium (down 6.9%) and copper (down 6.8%). Crude oil declined 0.2%.

Year over year, most assets are in the green, led by the crypto space. ETH is up 977.2%, and the broader 30 crypto index is up 454.7%. Outside of crypto, the best performers are crude oil, up 116.7% and coffee, up 96.9%. Gold stocks show the largest loss, falling 16.2%. Palladium is 10.3% lower. The only other assets in the red are the JPY, down 3.0% and long term bonds, off 2.2%.

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Weekly update 8 Oct 2021

Cryptocurrencies rose and bonds fell; national currencies and stocks were mixed but mostly lower, while commodities were mixed but mostly higher. Bitcoin, up 11.1%, and Ether, up 6.8%, made the largest gains. The largest losses were in long term bonds, down 3.3%, and coffee, off 2.2%.

I'm moving this week… Some commentary may be missing or minimal!

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Weekly Update 1 Oct 2021

Stocks and bonds fell, cryptocurrencies rose, and national currencies and commodities were mixed. Ether, up 12.2%, and Bitcoin, up 11.7%, made the largest gains. The largest losses were in the Nikkei, down 5.4%, the Euro STOXX, down 4.1%, and silver, off 3.1%.

The Chinese Yuan was the only rising national currency, gaining 0.3%. The Euro took the worst beating, falling 1.6%. The US Dollar dropped 0.6%; short term treasuries outperformed cash, falling 0.5%, but long term bonds did much worse, retreating 1.6%.

Cryptocurrencies were all in the green, led by Ether, which rose 12.2%. Bitcoin did nearly as well, moving up 11.7%, while the broader 30 crypto index added 9.4%.

Equity markets all moved lower. The Japanese Nikkei index took the largest hit, falling 5.4%, followed by the European STOXX, which dropped 4.1%. Gold stocks outperformed, giving up 1.5%. In the US, the Dow declined 1.9% while the S&P 500 fell 2.8%.

Commodities were mixed, with metals down and soft goods and energy up. Cotton rose 8.3% and coffee added 4.4%, while silver fell 3.1% and copper lost 2.8%. Crude oil closed up 2.0%.

Year over year, most assets are in the green. The exceptions are gold stocks, down 24.9%, palladium, down 11.4%, and long term treasuries, off 2.3%. Cryptos are still the best performers, as ether has risen 886.6% and the broad 30 crypto index is up 449.6%. Outside of crypto, crude oil, up 112.1%, and coffee, up 106.3% are the largest winners. The S&P 500 is the best performiong stock index, gaining 39.5%.

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Weekly Update 24 Sep 2021

Cryptocurrencies moved lower; national currencies, stocks, bonds and commodities were mixed. Coffee, up 4.8%, and cotton, up 4.5%, made the largest gains. The largest losses were in Ether, down 13.3%, and the CCi30 crypto index, off 11.5%.

The Chinese Yuan was the best performing national currency (up 1.9%), while the Japanese Yen was the worst (down 0.1%). The US Dollar gained 0.5%. Short term notes underperformed cash, rising 0.4%, and long term bonds did much worse, falling 1.0%.

Ethereum started the week on an upnote, but collapsed on Monday and Tuesday, dropping 19.5% to 48.5 grams before recovering to close at 52.2 grams, down 13.3%. News of yet another Chinese crypto crack down, along with fear of a Chinese real estate melt-down seemed to be the key drivers. Bitcoin (and many other cryptos) followed a similar pattern, but BTC fell less and recovered more robustly, ending the week at 762.8 grams, off 8.9%.

Gold stocks fell 2.5% and the Japanese Nikkei index closed down 1.0%, but other equity indexes moved higher by about one percent. The Dow Industrials did slightly better than its peers, adding 1.1%.

The week's biggest winners were commodities, as coffee rose 4.8%, cotton gained 4.5%, and crude oil rallied 3.3%. Outside of crypto, palladium was the week's largest loser, closing down 3.5%. Silver also declined, giving up 1.0%; the rest of the metals did better, as platinum added 2.2% and copper rose 1.5%.

Year over year, only gold stocks (down 23.5%), palladium (down 6.4%) and long bonds (off 3.9%) are at a loss. Cryptos are still the strongest asset class by far, especially Ether, which is up 880.7%. Aside from crypto, crude oil (up 95.6%), and coffee (up 86.4%), are the best performers.

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Weekly Update 17 Sep 2021

Cryptocurrencies, national currencies, and bonds moved higher; stocks and commodities were mixed. Ether, up 8.2%, and Bitcoin, up 7.6%, made the largest gains. Crude oil finished in third place, rising 5.5%. The largest losses were in palladium, down 6.0%, and copper, off 2.5%.

The US Dollar was the strongest currency, gaining 2.2%. The Chinese Yuan was the weakest, adding just 0.2%. Short term notes tracked USD cash, adding 2.2%, but long term bonds did better, rising 2.7%.

Ether rose to a high of 63.5 grams on Thursday, then pulled back to close at 60.2 grams, up 8.2%. Bitcoin followed a similar pattern, topping out at 850.3 grams, but closing at 837.3 grams, up 7.6%. The broader 30 crypto index added 5.0%.

Gold stocks pulled back 0.2%, but all other stock indexes moved higher. The Japanese Nikkei took the lead, rising 2.5%, followed by the Dow Industrials, which gained 2.1%. The Euro STOXX lagged its peers, adding 1.0%.

Commodities were very mixed, with crude oil rising 5.5% while palladium dropped 6.0%. The entire metals complex was lower; copper fell 2.5% and silver slid 2.1%.

Year over year, cryptos remain the star performers, especially Ethereum, which has risen 938%. Gold stocks are the worst performing asset, falling 25%. Outside of the crypto complex, crude oil and coffee, up 93.7% and 74.2% respectively, are the strongest assets. Silver and palladium are the only other assets in the red, with declines of 5.1% and 4.8% for the year.

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