Given the StateSide holiday, ’tis a two-day session (for Tuesday settlement) for the BEGOS Markets. Therein at present we’ve both the Bond and Spoo below the session’s Neutral Zones, whilst above same are the Euro, Swiss Franc, Gold and Silver; volatility is moderate-to-robust, the two EuroCurrencies both having already exceeded 100% of today’s EDTR tracings (see Market Ranges). The Gold Update in maintaining our 5546 price forecast for this year nonetheless continues to cite the current overvaluation of Gold and Silver in this “Metals’ Mania Mayhem!”, noting that intra-week selling increased over that prior, even as prices further rose, and indeed are into higher record territory today (Gold thus far to 4698 and Silver to 94.37). The S&P 500 remains beyond any imaginable level of overvaluation, the futs-adj’d “live” P/E at this moment 59.2x. The reporting pace of Q4 earnings increases as the week unfolds. And nothing is scheduled for the Econ Baro until Wednesday.