22 January 2026 – 08:34 Central Euro Time

Silver is the sole BEGOS Market at present outside (above) its Neutral Zone for today; session volatility has slowed a bit from recent days, thus far looking light-to-moderate. Looking at Market Rhythms for pure swing consistency, our Top Three through yesterday are — on a 10-test basis — Gold’s 12hr Parabolics, the Swiss Franc’s 4hr Price Oscillator, and Silver’s 4hr Parabolics; on a 24-test basis ’tis the Swiss Franc across the board by the 2hr Price Oscillator, 4hr Moneyflow and 4hr MACD. The P/E of the S&P 500 settled last evening at a whopping 63.7x; the yield is 1.156%; (the 3mo T-Bill annualized is 3.588%). The Econ Baro looks in “shutdown” arrears to Personal Income/Spending along with the attendant “Fed-favoured” PCE data; too, in arrears, shall be what is being termed a “revision” to Q3 GDP and its Chain Deflator.