16 Sep ’22, 09:23 Central Euro Time:

Both the Swiss Franc and Silver are trading below their Neutral Zones for today; Oil is above same, and the BEGOS Markets’ volatility is mostly moderate. Currencies’ contract volume is rolling from September into December, whilst that for Oil from October into November. Gold’s provisional flip of its weekly parabolic Long trend to Short has indeed brought a new low price (1669) for this year. More on that in tomorrow’s edition of The Gold Update. By Market Trends, they remain negative for all eight of the BEGOS components. Specific to the Spoo’s Market Profile, the most dominantly-traded price of the past 10 trading days is 3950; remaining in the balance is the test of the 3600-3200 support zone. The “live” P/E of the S&P 500 is 35.1x and the yield 1.663%; by comparison, the yield on the Five-Year T-Note is 3.674%. Rounding out the Econ Baro’s busy week is September’s UofM Sentiment Survey.