Copper is presently above its Neutral Zone for today, whilst Oil is below same; session volatility for the BEGOS Markets is mostly light. The Gold Update likens the yellow metal to trading as a “meme” stock; Gold had similar runs in both 2007/2007 and again in 2011, both of which led to corrections respectively of -34% and -45%; not that we’ll again witness same, however price is better than +300 points above its Fair Value and nearly +500 points above its smooth valuation line (see Market Values). As to the S&P 500, its “risk-full” yield is but 1.170% vs. 3.832% annualized for the “risk-less” 3mo T-Bill; the “live” (futs-adj’d) P/E of the S&P is 49.1x at this moment. Given the ongoing StateSide government “shutdown”, incoming data for the Econ Baro may continue to be scant, however due today is the Conference Board’s Leading (i.e. “lagging”) Indicators for September. <– “Delayed” due to lack of data. And Q3 Earnings Season picks up its pace as the week unfolds.