10 December 2024 – 08:40 Central Euro Time

Gold is the sole BEGOS Market outside (above) its Neutral Zone for today; session volatility for the BEGOS Markets is quite light. Gold has been getting a bid as the week unfolds, albeit ‘twould “appear” to be geopolitically-driven: as you regular readers know, such impetus for Gold rallies generally sees price return back down from whence it initially came; again, the parabolic weekly trend for Gold remains Short. As to the Spoo, its 12hr MACD confirmed a negative crossover effective today’s open: this has been an excellent Market Rhythm for the the Spoo with the last 10 such crossovers (to Long or Short) all following-through with at least an additional 76 points; thus basis the March cac (which opened today at 6134) a move down to at least 6058 would be reasonable, barring first an all-time high above 6179. The Econ Baro awaits the revisions to Q3’s Productivity and Unit Labor Costs.