Once again, national currencies and bonds moved lower and cryptos rose, while stocks and commodities were mixed. Ethereum and silver had the largest gains, rising 3.4% and 3.3% respectively, followed by Bitcoin, up 2.9%, and cotton, up 2.7%. The largest losses were in coffee, down 5.4%, the Japanese Yen, down 3.2%, and the long dated treasury bonds, down 2.7%.
Many national currencies made new all-time lows this week, including the US and Canadian Dollars, the Euro, the Swiss Franc, and the Chinese Renminbi. Exceptions were the Japanese Yen and the Pound Sterling; the Yen hit bottom earlier this year, and the Pound (not in chart) bucked the trend, rising 0.23% after making a new all-time low last week.
The Dow Jones Industrial Average and the S&P 500 rose slightly, but despite reaching new all-time highs when measured in US Dollars, they are more than 60% below their all-time highs when measured in gold. Gold mining stocks were the week's worst performing equities, with the HUI falling 1.1%.
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