Bonds reversed course this week, recovering some of last week's losses, but all other asset classes were mixed. Ethereum was once again the best performing asset, rising 20.5%, followed by gold stocks, which gained 7.0%. The worst losses were in commodities, as coffee fell 4.2% and copper slid 3.4%.
This week, national currencies, bonds, and cryptocurrencies fell, while stocks and commodities were mixed. The largest gains were in the precious metals, as platinum rose 7.9% to close at 19.0 grams and silver advanced 5.5% to 372 mg. The largest losses were in cryptocurrencies, as Ethereum dropped 14.7% and Bitcoin fell 9.3%. The Dow closed the month below its 36 month moving average, flashing a sell signal (see more below).
National currencies, cryptocurrencies and equities fell, led by Bitcoin which dropped 13.6%, giving back most of its gains for the last month. Bonds and commodities were mixed, with the largest gains in TLT, the long term bond fund, which rose 3.1%. Outside of the cryptos, the largest losses were in coffee, down 5.7%, and platinum, off 4.6% to a new all-time low of 17.1 grams.
Stocks and commodities moved lower, while all other asset classes were mixed. Bitcoin made the largest gains, rising 5.0%. The biggest losses were in palladium and cotton, which dropped 10.6% and 9.3% respectively. We seem to be seeing a shift away from high-flying assets towards relative "safe havens" like gold, Bitcoin, and long term treasury bonds. New safe haven options are coming soon, including gold bonds (more on that below.)
Currencies, cryptocurrencies, bonds, and major stock indexes were all lower, while commodities were mixed and gold mining stocks rose. Silver and platinum made the largest gains, rising 7.0% and 3.7% respectively. The biggest losses were in Ethereum, which cratered 21.7%, and Bitcoin, which dropped 12.9%. Crude oil was also hit hard, falling 9.7%.
Bonds were lower, but all other asset categories were mixed. Bitcoin and crude oil had the largest gains, as BTC rallied 6.2% and crude added 3.3%. The biggest losses were in cotton, which fell 6.6%, and Ethereum, which dropped 5.4%.
Cryptocurrencies moved higher, national currencies and bonds slid lower, and stock indexes and commodities were mixed. Bitcoin topped the winner's list, rising 7.2%. Palladium also rose strongly, gaining 5.9%. The largest losses were in coffee, which fell 5.6%.
This was a rough week for all assets except equities, and even they had mixed results, as the Japanese Nikkei index dropped 1.5% while the HUI gold stocks rose 3.9%. All other asset classes were lower. Cryptocurrencies took the largest hit, as they pulled back after five straight weeks of solid gains. Ethereum had the largest loss, falling 9.6%.
Cryptocurrencies continued to rise, national currencies fell, and other asset classes were mixed. The biggest price swings were in the commodities. Coffee soared 11.0% to score the week's largest gain. Crude oil continued to drop, falling 9.7% to close at 1.28 grams per barrel, the largest loss of the week.
Cryptocurrencies and bonds rose this week, while all other asset classes were mixed. Ethereum saw the largest gains, soaring 41.5%. The largest losses were in platinum and cotton, which fell 3.5% and 3.1% respectively.