18 September 2023 – 09:03 Central Euro Time

The Swiss Franc, Metals Triumvirate and Oil are at present above their respective Neutral Zones for today; the balance of the BEGOS Markets are within same to start the week, and volatility is light. The Gold Update acknowledges the rather precarious start to the precious metals’ parabolic Long trends which (still intact) commenced two weeks ago; however, both Gold and Silver have been getting a bit of a bid since Friday; see too Gold’s MACD on its 12hr candles — our best Market Rhythm for the yellow metal at present — per our Gold page itself. With Wednesday’s FOMC Policy Statement in mind (a rate raise wouldn’t surprise us), the Econ Baro faces a moderate pace of incoming metrics this week, including September’s NAHB Housing Index due today.