22 November 2024 – 08:32 Central Euro Time

Both Gold and Silver are at present above today’s Neutral Zones, whilst below same is Copper; the balance of the BEGOS Markets are calm, and session volatility remains light to this point. Gold has had a firm contra-trend rally this week even as the weekly parabolic trend just flipped from Long-to-Short a week ago: more of course in tomorrow’s 784th consecutive Saturday edition of The Gold Update. At Market Trends, the sole BEGOS component with a positive linreg is the Spoo. The S&P’s “textbook overbought” streak continues, the sub-par Q3 Earnings Season (which concludes today) in turn maintaining a stratospherically high “live” P/E of 45.4x (futs-adj’d for real-time). Bitcoin appears poised to tap 100,000 today, (high 99,820). And the Econ Baro concludes its quiet week with the monthly revision to November’s UofM Sentiment Survey.