Into week’s end we’ve at present the Bond, Euro and Swiss Franc above today’s Neutral Zones, whilst below same are both Gold and Silver; BEGOS Markets’ volatility is light. Of note by Market Ranges, Gold’s EDTR is 89 points (vs. 35 a year ago) whilst that for Silver is 0.88 points (not that far from 0.75 points a year ago); the Gold/Silver ratio is 99.0x (vs. the century-to-date average of 69.0x); more on it all in tomorrow’s 809th consecutive Saturday edition of The Gold Update. Meanwhile for the S&P 500, its “live” P/E (futs-adj’d) is 45.8x and the yield 1.313% vs. the U.S. T-Bill’s risk-free annualized yield of 4.258%. The Econ Baro looks to these incoming metrics in concluding the week: April’s Housing Starts/Permits and Ex/Im Prices, along with May’s UofM Sentiment Survey. Today wraps up Q1 Earnings Season for 2025, which for year-over-year quarterly improvement specific to S&P 500 constituents has essentially been average.