05 April 2024 – 08:23 Central Euro Time

All three elements of the BEGOS Markets’ Metals Triumvirate are at present below their respective Neutral Zones for today; none of the other components are above same, and volatility runs the gamut from light-to-robust, Silver having already traced 102% of its EDTR (see Market Ranges). Following yesterday’s Commentary on the Spoo seeing its “Baby Blues” (see Market Trends) having slipped below their key +80% axis as well as the S&P 500 being in a historically extreme overbought streak, an inevitable price dump emerged: to the extent it becomes material near-term remains to be seen, the Spoo up a tad this morning. In the day’s balance, the Econ Baro looks to March’s Payrolls data, followed late in the session by February’s Consumer Credit.