26 February 2024 – 10:05 Central Euro Time

Both Silver and Copper are at present below today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility is again light. The “flu-abbreviated” Gold Update reminds us of the yellow metal having only just started a fresh weekly parabolic Short trend, despite price’s resiliency to this point; noted therein is traders’ new awareness of the Fed potentially having to raise rather than cut rates, something upon which we’ve occasionally mused since the start of the year; (PCE data is due Thursday). This is the final week of Q4 Earnings Season. And the Econ Baro begins a fairly busy week with January’s New Home Sales.