Weekly Summary

National currencies and bonds fell this week, stocks and cryptocurrencies rose, and commodities were mixed. Aside from Bitcoin, which gained 13.8%, the major price action was in commodities, with industrial metals like copper and palladium being the biggest gainers, while coffee and cotton saw the largest declines.

Among the currencies, the USD fell the most (down 2.8%) while the Japanese Yen fell the least (off 0.4%). Short term bonds fell even more than cash, dropping 3.0%, while the long term TLT did somewhat better, losing 2.2%.

Equities were all higher, led by the gold stocks, which gained 3.0%. European stocks gained the least, rising 0.9%. The S&P 500 rose 1.4%.

"Hard" commodities like oil and metals were all higher, led by copper, which gained 4.2% and palladium, which added 4.0%. "Soft" commodities were lower, with coffee falling 5.9% and cotton dropping 4.0%

Priced in Gold Weekly Summary

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