Presently we’ve the Euro and Swiss Franc below their respective Neutral Zones for today, whilst above same are Gold, Silver and the Spoo; BEGOS Market’s volatility is again light-to-moderate. Milestones on tap: Gold 5000 (record high this morning 4970) and Silver 100 (record high this morning 99.40). The S&P 500’s “live” P/E (futs-adj’d) is 64.4x. Tomorrow’s 845th consecutive edition of The Gold Update (milestones made or not) shall nonetheless continue to celebrate the amazing run of the precious metals, albeit we’ll again caution valuation as having become quite upside extreme, (although certainly not as much as is the S&P). Too, we’ll make mention of December inflation as some metrics (CPI) in “shutdown” arrears have finally been reported. The Econ Baro concludes the week with the revised look at the UofM Sentiment Survey. And with some 10% of S&P constituents having thus far reported earnings for Q4, some 76% of those have bettered their bottom line of Q4 a year ago; but by the aforementioned P/E, the overall level of earnings remains tellingly weak relative to the price of the Index.