Gold is -7% this morning having traded down into the 4100s: The Gold Update specifies the yellow metal having taken a double-shot of technical adversity (parabolics and MACD on the weeklies), including a table of how typically “low is low” suggestive of the 4100s; it didn’t take long; Gold is now not that far above Fair Value (3890), albeit is more than -1,000 points below its BEGOS Market Value (5275). Obviously, at present Gold is also below today’s Neutral Zone as too are Silver, Copper, the Spoo, the Bond and the Euro; Oil is above same, and session volatility for the BEGOS Markets is moderate-to-robust. With the Spoo -1.4%, the S&P 500 would at this instant open down -0.9%. The Econ Baro begins its somewhat subdued week with January’s Construction Spending.