10 Oct ’22, 09:18 Central Euro Time:

Gold, Silver and Oil are at present trading below their respective Neutral Zones for today; the balance of the BEGOS Markets are within same, and volatility is light; (of note, today is a quasi-StateSide holiday, the stock market to be open but the physical Bond market closed; however, all the BEGOS Markets are trading their full 23-hour session). The Gold Update points to price having regained the 1700s, (albeit ’tis now below same), but that the yellow metal really needs portfolio buying commitment to support any sustainable upside move toward where Gold actually is valued (3936 as of Friday vs. price then of 1702). Oil, as boosted by the OPEC+ production cut, is (in real-time at 92.41) nearly 8 points above its smooth valuation line (see Market Values); and by Market Trends, Oil’s linear regression has rotated to positive, the only other like component being Silver, such trend however weaking. No Econ Baro data is due until Wednesday.