The BEGOS Markets commence a two-day session for Monday settlement such as to bridge the gap of the StateSide Holiday. And at present we’ve the Euro, Swiss Franc and Gold above their respective Neutral Zones, whilst below same are both Copper and the Spoo; session volatility is pushing toward moderate. Gold looks poised to post an up week, albeit with likely both a lower high and lower low than a week ago; more of course in tomorrow’s 816th consecutive Saturday edition of The Gold Update. The S&P 500 settled its week at yet another all-time high (6279 at close) and with a trailing 12 months’ P/E of 45.1x; the Index is now in an extreme “textbook overbought” condition; and specific to the Spoo (which is trading today until the 17:00 GMT holiday halt) is in real-time +218 points above its smooth valuation line (see Market Values). Happy 4th to those of you across The Pond!