The BEGOS Markets start the week with Silver as the sole component at present outside (above) its Neutral Zone for today; session volatility is mostly light, save for the white metal having already traced 82% of its EDTR (see Market Ranges). The Gold Update notes the narrowness of the yellow metal’s trade of late, with the likelihood the weekly parabolic Long trend shall now flip to Short; emphasis is placed on the S&P 500’s ongoing overvaluation and potential positioning within the stock market’s broad-based “emotional” cycle, suggestive of the Index having reached the inflexion point from where “it all goes wrong.” The Econ Baro’s busy week of 17 incoming metrics begins with January’s Treasury Deficit.