Weekly Update 2 Nov 2018
Stocks caught a break this week, recouping some of their losses from the prior week. The largest price swings were in commodities, as crude oil sank 6.5% and platinum rose 5.1%. Bitcoin and Ethereum were lower, but only by 1.2%.
The only falling national currency was the Japanese Yen, off 1.3%. The Chinese Yuan rose the most, gaining 0.7%. The US Dollar was little changed, rising just 0.1%. Short term bonds were unchanged, while long term bonds fell 2.2%.
Bitcoin and Ethereum both fell early in the week, then each recovered to finish the week down 1.2%. DASH followed a similar pattern. Cryptocurrencies continue to be about as volatile as national currencies, and less so than commodities and equities.
Stock indexes all rose this week, recovering some of the prior week's losses. The Japanese Nikkei 225 gained the most, adding 3.6%. Gold stocks were 3.5% higher. The smallest gains were made by the Dow Jones Industrials, up 2.5%.
Most commodities were higher, with crude oil, down 6.5%, being the exception. Platinum rose more than any other asset class, gaining 5.1%. Copper and palladium also had good weeks, rising 2.3% and 2.1% respectively. Coffee and cotton trailed the pack, adding 0.5% apiece.
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