15 Aug ’22, 09:25 Central Euro Time:

All eight BEGOS Markets begin their week in the red, those at present below the day’s Neutral Zone being the Swiss Franc and the three metals; volatility is pushing toward moderate. The Gold Update recognizes price’s fourth consecutive up week, albeit currently within the 1779-1854 resistance zone such that the upglide on below-average volume appears rather sedate. Therein as well we cite the various overvalutions of the S&P at present, including its very expensive P/E ratio and the Spoo’s extreme deviation from its Market Value, in real-time 365 points “high”. By the same measure, Gold is 51 points “high” and Oil 10 is points “low”. The Econ Baro receives August’s NY Empire State Index and the NAHB Housing Index.

Leave a comment