06 June 2025 – 08:30 Central Euro Time

Into week’s end finds Silver — having yesterday made a 13-year high — at present above its Neutral Zone for today as is the Spoo, whilst below same is the Swiss Franc; BEGOS Markets’ volatility is light. And yes, despite the Spoo being higher, its “Baby Blues” of linreg consistency (see Market Trends) are lower for an 11th consecutive session; per Market Values, the Spoo (in real-time) is +252 points “high” over it smooth valuation line, whilst the S&P 500 itself is “textbook overbought” with a P/E (“live” 46.3x) basically double the historical multiple. By Market Profiles, overhead Spoo resistance shows in the 5978-5982 zone, and underlying support from 5923 to 5915. The Econ Baro awaits the data for May’s Payrolls, plus late in the session comes April’s Consumer Credit. Obviously we’ll salute Sister Silver in tomorrow’s 812th consecutive Saturday edition of The Gold Update.