Gold high-to-low this week has thus far dropped -239 points (-6.8%), albeit in real-time (now at 3328) ’tis still priced +307 points above its smooth valuation line (see Market Values). As for the BEGOS Markets at large, we’ve at present Gold along with the Euro and Swiss Franc above their respective Neutral Zones for today, whilst the balance of the bunch are within same; volatility is light in the context of the extremely expanded EDTRs (see Market Ranges): indeed that today for Gold is 90 points and for the Spoo 212 points. Amongst correlations for the five primary BEGOS components, the best currently is negative between the Euro and Spoo, (the hedge thus being both Long or both Short). Yesterday’s rally in the S&P 500 was sufficient to see the “live” P/E settle all the way back up at 40.0x; futs-adj’d in real-time ’tis 39.9x. Incoming metrics today for the Econ Baro include March’s Durable Orders and Existing Home Sales.