A lower week for all assets except cryptocurrencies and two standouts: coffee, which continues to soar (up another 4.1%) and gold stocks, which rose 0.8%. The largest declines were in crude oil, which fell 3.8%, and the Nikkei Index, which was off 1.7%.

National currencies were all lower, led by the Canadian Dollar and Chinese Yuan, which dropped 1.3% each. The USD fell least, giving up 0.7%. 1-3 year bonds also fell 0.7%, in line with USD cash, and 20+ year treasuries were 1.3% lower.

Cryptocurrencies were broadly higher this week. Both Ethereum and Bitcoin rose early in the week, then gave back some of those gains as the week progressed. In addition to Ethereum's 2.9% rise and Bitcoin's 2.4% gain, privacy coins like ZCash, Zcoin and PIVX also rose.

Gold stocks gained 0.8%, but all the major stock indexes were lower, led by the Nikkei 225, which fell 1.7%. The Dow Jones Industrials fell least, giving up 0.3%.

Commodities saw the largest price swings, as coffee rose another 4.1% on top of the prior week's 5.6% gain, and crude continued to fall, dropping another 3.8% after the prior week's 5.3% drop. Metals were all lower, led by copper, off 1.5%. Palladium and silver dropped the least, falling 0.5% and 0.6% respectively.

Priced in Gold Weekly Summary

Click for PDF version

This was a "mostly lower" week, with currencies, bonds and cryptos falling, while stocks and commodities were mixed. The largest drops were in cryptocurrencies, as Ethereum fell 14.7% and Bitcoin dropped 6.5%. The largest gains were in coffee, up 5.6%, and gold stocks, which gained 5.5%.

Most national currencies fell, with the Canadian Dollar, off 2.0%, dropping the most. The Japanese Yen was the only one to rise, and then only by 0.1%. Bonds were all lower, with the USD (notes of zero maturity) falling 1.3%, 1-3 year dropping 1.2%, and 30+ year off 0.1%.

Bitcoin held it's value quite well until Wednesday, then dropped sharply on Thursday and Friday, ending the week at 160 grams, down 6.5%. Ethereum followed a similar pattern, hitting a high of 6 grams on Monday and Tuesday, then collapsing on Thursday to a low of 4.9 grams, and recovering to finish the week at 5.0 grams, off 14.7%.

Equities were highly polarized, as gold stocks rose 5.5% while all major stock indexes fell sharply. The largest drops were in the US, as the DJIA and S&P 500 each fell 5.4%.

Coffee was the fastest rising commodity, gaining 5.6%. Crude oil saw the largest losses, falling 5.3%. Silver was also took a hit, dropping 1.5%. Copper was little changed, up 0.2%, while platinum and palladium rose 0.4% and 0.8% respectively.

Priced in Gold Weekly Summary

Click for PDF version

This week, cryptocurrencies were much less volatile than bonds, stocks and commodities. The largest losses were in long term bonds, off 4.7%, while the biggest gains were in coffee, up 4.9%. Bitcoin, in contrast, finished the week down 1.7%.

National currencies were all lower, led by the Euro, which fell 2.3%. The USD, CAD, and CNY fell least, dropping 1.4% each (the CNY price is estimated, since the Shanghai Gold Exchange was closed all week for national holiday). Bonds were also lower, with the short term SHY falling 1.5%, and the long term TLT dropping a whopping 4.7%, the largest drop in any asset class… and this is supposed to be the "risk free" asset?

Bitcoin, often a highly volatile asset, fell gradually early in the week, hitting a low of 168.4 grams on Wednesday, the recovered to finish the week at 171.1 grams, off 1.7%. Ethereum got a boost over the weekend, then fell to a Wednesday low of 5.71 grams, recovering to end the week at 5.84 grams, up 0.9%.

Major stock indexes were lower; the HUI gold stocks bucked this trend, rising 0.3% for the week. The Euro STOXX50 fell the most, dropping 3.6%, while the Dow Jones Industrial Average fell the least, giving up 1.4%.

Commodities were mixed, with coffee in the starring role, rising 4.9%, the largest gain of any asset in this table. Palladium fell 4.3%, the second largest loss of the week. Copper continued its decline, giving up 2.6%. Crude oil was little changed, up 0.1%, and silver managed a 0.9% gain.

Priced in Gold Weekly Summary

Click for PDF version

This week, bonds were higher, cryptos were lower, and other asset classes were mixed. Palladium was the big winner, rising 5.7%. Ethereum fell the most, dropping 8.9%, giving up about half of the prior week's 16.8% gain.

National currencies were mostly higher, with the exceptions being the Euro, off 0.3%, and the Japanese Yen, which was unchanged. The Chinese Yuan gained the most, rising 1.2%. Short term bonds and USD cash rose 1.0% while long term bonds added 1.1%.

Bitcoin moved lower early in the week, closing at 166.8 grams on Tuesday, then rallied to finish the week at 174.1 grams, off 0.4%. Ethereum followed a similar pattern, closing at 5.6 grams on Wednesday, followed by a weaker rally to close at 5.8 grams, down 8.9%.

The Nikkei 225 was the strongest equity index, rising 1.1%. The Euro STOXX fell the most, dropping 1.1%. The S&P 500 added 0.4% while the Dow Jones Industrials were off 0.1%.

The week's biggest gains were all in commodities, as palladium gained 5.7%, crude oil spiked 4.5%, and coffee rose 3.5%. Cotton was the weakest commodity, falling 2.6%.

Priced in Gold Weekly Summary

Click for PDF version

This week, stocks were higher, bonds were lower, and other asset classes were mixed. The biggest moves were in commodities, as platinum rose 3.5% and coffee dropped 2.9%. Ethereum continued to take a pummeling, falling 2.8% on top of the prior week's 23% loss.

The strongest national currency was Canada's Loonie; the CAD rose 0.7%. Weakest was the Japanese Yen, which fell 1.1%. The USD dropped 0.3%, as did its short term bonds. Long term treasury bonds fell 0.7%.

Bitcoin stumbled early in the week, but then rose steadily to finish at 168.5 grams, up 0.5%. Ethereum fell to a low of 4.77 grams on Wednesday, but recovered to close at 5.48 grams, down 2.8%.

Stocks had a very good week, with the Dow Jones Industrials and the HUI gold stocks rising 0.7% – the weakest performance for the indexes tracked here. The Japanese Nikkei rose the most, gaining 2.4%. The Euro STOXX 50 also had a good week, adding 2.0%.

As mentioned above, commodities saw the largest price swings, as platinum, which has been hovering near its all-time lows, gained 3.5% to close at 20.8 grams, and coffee dropped 2.9%, edging out Ethereum for the title of worst performer overall. Crude oil was strong, rising 1.6%. Silver was unchanged for the week.

Priced in Gold Weekly Summary

Click for PDF version

This was a pretty lack-luster week. National currencies, bonds and commodities were mixed, while cryptocurrencies and most equities were sharply lower. The largest gains were in coffee, up just 0.9%. The largest losses were in Ethereum, which fell 23% this week, leaving it down 46% in the last month.

The US Dollar rose more than any other national currency, gaining 0.3%. The Canadian Dollar was weakest, falling 0.6%. Short term bonds rose 0.2%, while long term bonds fell 1.9%.

Bitcoin rose early in the week, closing at 192.3 grams on Tuesday, then fell to finish the week at 167.8 grams, off 7.8%. Ethereum also started the week on a rising note, but was hit hard on Wednesday and Friday, and ended the week down 23%.

The Dow Jones Industrials where the only stocks in the black this week, and then, only by 0.1%. Gold stocks took the worst beating, as the HUI fell 4.6% to close at 3.53 grams. Next weakest was the Euro STOXX 50, off 3.2%.

Silver dropped 2.9% this week, the largest of the commodity losses. Crude oil wasn't far behind, though, falling 2.6%. Coffee was the strongest commodity, gaining 0.9%. Platinum made a series of new all-time lows this week, closing at 20.117 grams per ounce on Wednesday, before rallying slightly to close the week at 20.132 grams, down 1.7%.

Priced in Gold Weekly Summary

Click for PDF version

This week national currencies were lower, while other asset classes were mixed. The largest gains were in palladium, up 4.6%, and Bitcoin, which rose 4.3%. Coffee, off 3.2%, and gold stocks, down 2.8%, saw the largest losses.

National currencies were all lower, led by the Chinese Yuan which closed down 0.5%. The Japanese Yen fell the least, dropping just 0.1%. The US and Canadian Dollars each fell 0.4%. SHY, the short term bond fund, also dropped 0.4%, while TLT, the long term bond fund, fell 0.6%.

Bitcoin worked its way higher throughout the week, closing near its weekly high at 182 grams, up 4.3%. It has continued to rise since, closing Tuesday at 192.3 grams. Ethereum has oscillated between 7.1 grams and 7.6 grams, but ended the week at 7.3 grams, off 0.4%. As of Tuesday, it was trading at 7.5 grams.

Japanese shares gained more than any other equities as the Nikkei rose 1.1%. Gold stocks were the worst performers: the HUI fell 2.8%. The European STOXX were also hit hard, dropping 2.8%. The S&P 500 rose 0.5%.

The commodities sector had both the largest gains (palladium, up 4.6%) and the largest losses (coffee, down 3.2%) among all asset classes. Copper fell 2.2%, while crude oil gained 1.2%. Silver was little changed, down 0.2%. Platinum was up 0.4%, but still hovers just above its all-time lows.

Priced in Gold Weekly Summary

Click for PDF version

Bonds and national currencies were lower, with the exception of the Euro, which managed a 0.3% rise. Other asset classes were mixed. Crude oil and Palladium rose the most, gaining 2.6% and 2.5% respectively. Ethereum had the largest losses, falling 11.8%.

The Yen fell more than any other currency, giving up 2.3%. After the Euro, the best performing currency was the Chinese Yuan, which fell 1.0%. USD cash and short term US bonds dropped 1.6%, while long term bonds were off 0.5%

Bitcoin fell early in the week from 173.7 grams to 165.7 grams, then worked its way higher to close at 174.5 grams, up 0.5%. Ethereum began the week at 8.3 grams and dropped to a low of 7.1 grams on Wednesday, then recovered to close at 7.3 grams, 11.8% lower for the week. Many other major cryptos did even worse; for instance DASH lost 14.5% for the week.

Among the equities, European stocks were the star performers, rising 1.5%. Gold stocks also did well, gaining 1.4%. The Dow Industrials were the worst performers, giving up 1.1%.

Crude oil and palladium gained 2.6% and 2.5% respectively, outpacing all other assets. Silver had the largest decline of any commodity, dropping 1.9%. Platinum finished the week at 20.4 grams per ounce, down 0.7%, and just 0.1% above its all-time low.

Priced in Gold Weekly Summary

Click for PDF version

National currencies, bonds, and major stock indexes were higher, while cryptocurrencies and commodities were mixed. The largest gain was in Bitcoin, which rose 9.7% while most other major cryptos were falling. Gold stocks fell 8.2%, the largest drop for any asset class, and the only equity to close lower.

The Japanese Yen was once again the strongest currency, adding 3.3%. The Chinese Yuan was the weakest, gaining 2.1%. US Dollar cash and short term bonds rose 3.1% apiece, while TLT, the 20+ Year bond fund gained 3.3%.

Bitcoin worked its way higher all through the week, ending up 9.7%. Ethereum fell hard early in the week, losing 13.3% by Tuesday, then rallying to finish the week down 2.6% at 8.3 grams. Bitcoin was much stronger than other major cryptos, as well. For instance, DASH dropped 8.0% for the week, following a similar pattern to ETH. Speculation has it that those concerned with a contagion of Turkish financial problems and/or a coming Yuan devaluation are using Bitcoin as a safe haven vehicle.

Gold stocks, as measured by the HUI, fell 8.2%, trading more in line with commodities than with the other equities. The Dow industrials led the major indexes higher, rising 4.5%. The Euro STOXX trailed behind, gaining 2.0%.

The only rising commodities were palladium, up 1.2%, and crude oil, up 0.4%. The largest losses were in platinum and coffee, off 3.0% and 2.5% respectively. Silver ended the week down 1.7%, and copper was lower by 1.0%.

Priced in Gold Weekly Summary

Click for PDF version

Cryptocurrencies, stocks, and most commodities were lower, bonds were higher, and national currencies were mixed. Cryptos continued their fall, with Ethereum dropping 20.0% while Bitcoin gave up 16.7%. Long term bonds rose 1.4%, the largest gain this week. The only rising commodity was silver, which added 0.3%.

The Japanese Yen was the strongest currency, adding 0.6%. The Euro was the weakest, falling 1.2%. The US Dollar added 0.2%, but was outpaced by its bonds, as the short term SHY gained 0.3% and the long term TLT rose 1.4%.

The cryptocurrencies were hit hard again this week, as Ethereum fell 20.0% to close at 8.6 grams and Bitcoin slid 16.7% to close at 158.4 grams. Over the weekend, Bitcoin began to rise, but Ethereum continued to slide lower. This week's drop has been attributed to the SEC postponing a ruling on VanEck's Bitcoin ETF proposal until the end of September.

The European STOXX 50 led equities lower, falling 3.2%. Gold stocks declined 2.7%. The S&P 500 fell the least, losing 0.4%.

Silver rose 0.3% this week, but all other commodities were lower. Cotton declined 3.1% and crude oil fell 1.1%. Palladium fell 0.8% and copper was down 0.6%.

Priced in Gold Weekly Summary

Click for PDF version