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Stocks and bonds rose, cryptos declined, and national currencies and commodities were mixed. The largest gains were in gold stocks, up 5.0%, Japanese stocks, up 4.7%, and the S&P 500 and palladium, up 1.4% each. The largest losses were in crude oil, down 9.6%, Bitcoin, down 3.6%, and Ethereum, down 3.4%.
The US Dollar fell 0.9% while the Chinese Yuan gained 0.9%. Short term notes advanced 0.2% and long term bonds rose 1.3%. The Dow Industrials added 0.9%.
The S&P 500 and Dow Jones Industrial Average both closed the week at new all-time highs (when measured in US Dollars), but they are down 69.9% and 74.8% respectively, from their all-time highs when priced in gold.
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By Charles VollumStocks and bonds rose, cryptos declined, and national currencies and commodities were mixed. The largest gains were in gold stocks, up 5.0%, Japanese stocks, up 4.7%, and the S&P 500 and palladium, up 1.4% each. The largest losses were in crude oil, down 9.6%, Bitcoin, down 3.6%, and Ethereum, down 3.4%.
The US Dollar fell 0.9% while the Chinese Yuan gained 0.9%. Short term notes advanced 0.2% and long term bonds rose 1.3%. The Dow Industrials added 0.9%.
The S&P 500 and Dow Jones Industrial Average both closed the week at new all-time highs (when measured in US Dollars), but they are down 69.9% and 74.8% respectively, from their all-time highs when priced in gold.
Click for PDF version