25 July 2025 – 08:39 Central Euro Time

Gold is presently below its Neutral Zone for today; the other BEGOS Markets are within same, and again volatility is light. The Spoo continues to make all-time highs, today (to this point) having reached 6421; currently at 6414, accounting for Fair Value (+36) would pull the S&P 500 higher still at its opening to 6378, just short of its all-time high yesterday of 6381. The S&P is now “extremely textbook overbought” meaning that each of its BollBands, RSI and Stochastics are stretched as such; this last occurred just on 03 July, the following trading day (07 July) then finding a intraday -78-point drop in the S&P. Tomorrow’s 819th consecutive Saturday edition of The Gold Update shall cite the weekly parabolic trend as having flipped from Short-to-Long despite price intraweek having dropped nearly -100 points high-to-low. And the Econ Baro closes out its mild week with June’s Durable Orders.