20 May 2024 – 08:40 Central Euro Time

Gold has recorded another All-Time High this morning: The Gold Update mused it could happen as soon as today, and so it has, the intra-day high at present 2454, with price above its Neutral Zone as ’tis too for both Silver and the Euro; the other BEGOS Markets are within same. Session volatility is moderate, albeit specifically robust for Silver which already has traced 139% of its EDTR (see Market Ranges). Q1 Earnings Season has completed: for the S&P 500, 64% of reported constituents bettered the bottom lines over Q1 of a year ago, a somewhat sub-par performance given improvement (ex-COVID quarters) averages 69%; whilst the “live” P/E of the S&P was reduced from 46.1x, the current (futs-adj’d) 40.0x remains a dangerously high level. ‘Tis a very quiet week for the otherwise plunging Econ Baro: just five metrics are due, none until Wednesday.