02 February 2026 – 08:42 Central Euro Time

Precious metals’ selling continues as Gold and Silver work lower toward being less overvalued; both are at present below today’s Neutral Zones as are Copper, Oil and the Spoo; the Bond is above same, and BEGOS Market’s volatility is robust, save for the EuroCurrencies. The Gold Update appears to have precisely called the year’s high at 5546 (price then only reaching a bit further to 5586), albeit we’ve tempered than by duly noting there still are 11 months in 2026’s balance; either way including today, Gold has fallen more than -1,000 points since last Thursday’s record high and Silver some -40%. The good news is Gold — which by its BEGOS Market Value was nearly +1,000 points — “high” has since cut that to now (in real-time) just +48 points “high”, although price is still more than +15% above Fair Value (3938). For the Econ Baro we’ve 10 metrics due this week, beginning today with January’s ISM(Mfg) Index.