22 April 2025 – 08:21 Central Euro Time

Another day, another century mark for Gold, price having eclipsed the 3500 level: by Market Values, the yellow metal in real-time is +501 points above its smooth BEGOS valuation line. Copper, too is above today’s Neutral Zone, whereas the balance of the BEGOS Markets are within same; volatility is mostly light, save for Gold having already traced 102% of its EDTR (see Market Ranges). Silver continues not to participate in Gold’s rally, the “live” Gold/Silver ratio now 106.8x. Yesterday’s -2.4% drop in the S&P 500 may be mollified by the MoneyFlow being more indicative of a -1.5% drop; the Spoo at present is -453 points below its smooth BEGOS valuation line. Nothing is due today for the Econ Baro. And Q1 Earnings Season thus for for the S&P shows 42 constituents having reported, of which 71% have bettered their like quarter of a year ago; the S&P’s “live” (futs-adj’d) P/E is 38.1x.