National currencies and bonds rallied, but other asset classes were mixed. Palladium was the best performer for the second straight week, rising 13.3%. Bitcoin was in second place, gaining 6.5%. Silver, down 4.9%, and gold miners, off 3.7%, fell the most.

The US Dollar was the strongest national currency, closing up 2.8%. The Canadian Dollar was the weakest, up just 0.9%. USD cash outperformed treasury notes and bonds, which rose 2.5% and 2.4% respectively.

Bitcoin dropped to a low of 592.9 grams on Saturday but reversed course and rallied for the rest of the week, finishing at 657.2 grams, up 6.5%. Ethereum was also in the green, up 2.3%, but the broader 30 crypto index closed down 0.9%.

US stocks were the best performing equities, as the Dow Industrials rose 4.1% and the S&P 500 gained 3.6%. Gold stocks, down 3.7%, and the Japanese Nikkei, off 1.6%, were the worst performers.

The strongest commodities were platinum, up 13.3%, and cotton, up 5.3%. The metals were mixed; while platinum was sharply higher, silver was the weakest commodity, falling 4.9%, and was joined by copper and platinum, down 1.6% and 1.5% respectively. Crude oil posted a 2.7% gain.

Year over year, crypto is fading but Ethereum still rules the roost with a gain of 109.5%. Coffee is in second place, up 97.2%, and crude oil comes in third, finishing up 72.0%. The largest losses are in gold stocks, down 12.5%, and the Nikkei index, off 11.0%. Silver was down 7.5%.

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!

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%.

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.

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!