Weekly Update 10 May 2024

After two generally "up" weeks, the table has turned mostly red, with national currencies, cryptos, and bonds all down, and stocks and commodities mixed. There were only four rising assets, with the largest gains in silver, up 4.5%, and gold stocks, up 1.4%. Palladium added 0.8%, and the Euro STOXX inched ahead 0.2%. The week's worst losses were in crypto, as Ether fell 9.7% and Bitcoin dropped 6.3%. The Japanese Yen fell 5.1% to a new all-time low. Coffee dropped 4.0% and crude oil closed down 3.1%.

Over the longer term, crypto remains the place to be, with double digit gains over the last year and triple digit gains over the last five years.

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