24 August 2023 – 09:07 Central Euro Time

‘Tis the metals in play thus far today, Gold at present above its Neutral Zone, whilst Silver and Copper are below same; the balance of the BEGOS Markets are quiet, and volatility is light. Silver has risen better than +6% net these past three days; more on Silver in this Saturday’s edition of The Gold Update. Oil finally has weakened such as to break its previous low (which was 78.95), reaching down yesterday to 77.62: this suggests a move sub-75 as the “Baby Blues” (see Market Trends) too continue their descent; further, Oil’s 21-day LinReg trend has now rotated to negative. Included in today’s metrics for the Econ Baro are July’s Durable Orders.