Strength in the Spoo at the moment would have the “live” P/E of the S&P leap to 50.4x at the open, (after settling last week at 49.7x): more on the S&P’s dangerous overvaluation in the current edition of The Gold Update, which also sees near-term weakness for the precious metals. Both Gold and Silver are at present below today’s Neutral Zones. BEGOS Markets’ volatility is pushing toward moderate, and Silver itself has already traced 102% of its EDTR (see Market Ranges). Currently priced 2023, we’ve marked Gold’s underlying support structure as 2020-1936. The record-setting Spoo’s 21-linreg has rotated from negative to positive (see Market Trends). The Econ Baro starts its week with December’s Leading (i.e. “lagging”) indicators.