The Euro, Gold and Silver are presently below their respective Neutral Zones for today; the balance of the BEGOS Markets are within same, and volatility is light. Gold — barring turning ’round into an up day — is en route to recording a fourth down week in the last six, albeit price hasn’t (yet?) materially succumbed to the recently new weekly parabolic Short trend; more of course in tomorrow’s 811th consecutive Saturday edition of The Gold Update. Yesterday was a “failure day” for the Spoo, the entirety of its intra-day +82 gain being hoovered away; still, the S&P MoneyFlow has been robust across all three of our timeframes (see S&P 500/Moneyflow), and technically, the Spoo’s daily parabolics just flipped from Short-to-Long at today’s open; either way, the overvaluation of the S&P remains critical. The Econ Baro wraps the week, indeed the month, with May’s Chi PMI and revised UofM Sentiment Survey, plus April’s Personal Income/Spending and (the BIG event) “Fed-favoured” PCE inflation data. “Sell in May and go away”? On verra…