09 June 2023 – 09:21 Central Euro Time

Silver and Copper are at present above their respective Neutral Zones for today; all of the other BEGOS Markets are within same, and volatility remains light. The VIX continues to move lower (13.65); more on that in tomorrow’s 708th Edition of The Gold Update. The S&P 500 itself has now been “textbook overbought” for five consecutive trading sessions; its “live” P/E (futs-adj’d) is 53.1x and the yield 1.575%. At Market Trends, Copper’s linear regression has rotated to positive (as continues that for the Spoo); whilst the balance of the bunch are still in negative linear regression, their “Baby Blues” of trend consistency are all now rising. The Econ Baro’s week is complete ahead of an ample load ahead, as we pass through the Fed’s +0.25% rise to its FundsRate on Wednesday 14 June.