Precious metals, gold mining stocks, and Ethereum fell, but all other assets rose. The largest gains were in coffee, up 10.7%, crude oil, up 8.9%, and Japanese stocks, up 5.5%. The largest losses were in palladium, down 4.3%, platinum, down 3.8%, and gold stocks, down 3.1%.

The US Dollar rose 3.4%, outpacing short term notes, up 3.3% and long term bonds, up 2.9%. Bitcoin gained 3.8%, and Ethereum fell 1.1%. The S&P 500 advanced 3.9%.

National currencies and bonds fell, cryptos and stocks rose, and commodities were mixed. The largest gains were in Ethereum, up 6.2%, Bitcoin, up 5.9%, and Japanese stocks, up 4.3%. The largest losses were in crude oil, down 15.9%, long term treasuries, down 3.2%, and the US Dollar cash and short term treasuries, down 2.8%.

Silver rose 3.4%, and copper gained 2.6%. US stocks were little changed, as the Dow Industrials added 0.1%, and the S&P 500 gained 0.6%.

National currencies fell while other asset classes were mixed. The largest gains were in gold mining stocks, up 10.5%, crude oil, up 8.7%, and palladium, up 5.1%. The largest losses were in coffee, down 4.9%, the Chinese Yuan, down 4.1%, and the Canadian Dollar, down 3.4%.

The US Dollar fell 2.9%, matching the Euro. Treasuries outperformed USD cash, as short term notes were little changed and long term bonds gained 1.3%.

National currencies rose, cryptocurrencies declined, and other asset classes were mixed. The largest gains were in gold mining stocks, up 7.1%, the Chinese Yuan, up 5.4%, and cotton, up 4.5%. The largest losses were in Ethereum, down 6.0%, silver, down 5.1%, and Bitcoin, down 4.8%.

The US Dollar rose 1.3%, outpacing the Euro, but trailing the Yuan by a large margin. Treasuries failed to keep up with USD cash, as short term notes gained 0.1% and long term bonds fell 0.2%.

Currencies, bonds and cryptos rose, while stocks and commodities were mixed. The largest gains were in coffee, up 18.0%, Ethereum, up 13.4%, and cotton, up 13.0%. The largest losses were in gold stocks, down 5.7%, silver, down 4.4%, and palladium, down 2.0%.

The US Dollar rose 10.6%, but was outshone by the Yen and the Euro. Treasuries failed to keep up with USD cash, as short term notes gained 10.2% and long term bonds added 9.7%.

Currencies and cryptos rose, while other asset classes were mixed. The largest gains were in crude oil, up 10.4%, Ethereum, up 7.4%, and the CCi30 crypto index, up 6.1%. The largest losses were in Japanese stocks, down 2.7%, gold stocks, down 2.3%, and palladium, down 1.2%.

The US Dollar rose 1.6%, while short term treasuries gained 1.4% and long term bonds closed down 0.6%.

Stocks and bonds rose, cryptos declined, and national currencies and commodities finished mixed. The largest gains were in the Chinese Yuan, up 8.6%, gold stocks, up 3.9%, and the Dow Industrials, up 3.2%. The largest losses were in Ethereum, down 23.2%, silver, down 26.9%, and the CCi30 index, down 17.1%.

The US Dollar rose 0.7%, while short term treasuries gained 0.5% and long term bonds closed up 1.2%. This week, the Dow and the S&P 500 both hit new all-time highs when priced in US Dollars, but are down about 75% from their all-time highs against gold.

Precious metals and gold stocks rose while all other assets declined. The largest gains were in platinum, up 8.5%, palladium, up 6.6%, and gold stocks, up 2.8%. The largest losses were all in crypto, as Ethereum fell 16.5%, the CCi30 index fell 13.9%, and Bitcoin lost 12.7%. Outside of crypto, the worst performers were cotton, down 8.0%, coffee, down 7.9%, and the Dow Industrials, down 7.3%. Cotton and coffee both closed at new-all-time lows.

Every major national currency dropped to a new all-time low. The Chinese Yuan was the worst currency to be holding, falling 7.2%, while the Euro fell the least, "just" 5.6%. The US Dollar fell 6.8%, while long term bonds fell 6.6%.

The first full week of the new year brought an abrupt trend reversal, as precious metals, copper and gold stocks rose while all other assets declined. The largest gains were in palladium, up 8.9%, platinum, up 7.2%, and gold stocks, up 5.0%. The largest losses were in Ethereum, down 4.7%, the Canadian Dollar, down 4.5%, and the Euro, down 4.3%.

The Chinese Yuan was the best performing national currency, falling only 2.9%. The US Dollar and short term treasuries fell 3.5%, while long term bonds fell 2.5%. The EUR, CAD, and CHF all closed at new all-time lows. The Russian Ruble (not in table) fell to a new all-time low on Tuesday, but recovered to finish the week down 5.3%.

Once again, the Dow Industrials and S&P 500 index made new all-time highs when measured in Dollars, but fell 1.3% and 2.0% respectively when measured in gold. The Dow has fallen 75.4% since reaching its high in 1999, while the S&P is down 72.1%.

The New Year has brought a mostly upbeat week, with only three assets declining: platinum, down 7.2%, palladium, down 6.8%, and gold stocks, down 2.2%. The largest gains were in cryptocurrencies, as Ethereum and the CCi30 rose 11.2% and 9.4% respectively, while Bitcoin gained 7.4%. Outside of crypto, coffee, up 6.4%, and crude oil and the Euro STOXX50, up 5.3% each, made the largest gains.

The US Dollar was the best performing national currency, rising 4.3%. Long term bonds matched this gain, but short term treasuries did a bit better, adding 4.4%.

Wishing everyone a very happy and profitable New Year!