11 September 2026 – 08:47 Central Euro Time

Into the 25th anniversary of “9/11” we’ve Gold, Copper and the Spoo all at present above today’s Neutral Zones, whilst Oil is below same; session volatility for the BEGOS Markets is moderate. By Market Trends, Gold’s falling “Baby Blues” yesterday confirmed the linreg’s rotation from positive to negative; price appears poised to record a third straight down week within the overall weekly parabolic Long trend: more on that in tomorrow’s 878th consecutive Saturday edition of The Gold Update. Copper’s -4.8% net loss yesterday ranks third-worst year-to-date; Silver’s drop of -5.7% was its worst day since 24 June (-6.73%). The “live” (futs-adj’d) P/E of the S&P 500 is 61.4x, albeit removing CRWD reduces that to “only” 44.3x, (still triple that taught as “high” in portfolio theory); and the “risk-full” yield is 1.097% vs. the “risk-less” 4.280% on the 1yr T-Bill. The Econ Baro looks to August’s CPI and Treasury Budget, as well as September’s UofM Sentiment Survey.