The Week Priced in Gold

The CAD and EUR were up slightly, while the USD and JPY continued their declines. All are down significantly YTD and for the last year.

Bonds were lower again this week, with SHY down 1.5%, and the 20 year TLT dropping 5.1%.

Stocks were mostly higher, with the Dow, S&P, and HUI up 3.3%, 4.3% and 4.1% respectively. Japanese stocks were slightly lower, with the Nikkei down 0.3%.

Commodities were mostly higher, with crude oil, copper and coffee rising, while silver and cotton declined.

All the commodities on our list were lower YTD, but compared to a year ago, coffee and silver are higher, while crude, copper and cotton are lower.