The final trading day of 2025 is a full session for the BEGOS Markets. At present, we’ve the Euro, Swiss Franc, Silver, Copper and Spoo all below their respective Neutral Zones for the session; the other BEGOS components (Bond, Gold and Oil) are within same, and volatility is mostly moderate-to-robust, the precious metals again to this hour already having traded in excess of 100% of their EDTRs (see Market Ranges); the EDTR for Gold is 90 points and for Silver ’tis 4.30 points; for pure swing trading, Gold’s best Market Rhythm is its 12hr Parabolics, whereas for Silver ’tis her 30mn Parabolics. As anticipated, Gold’s “Baby Blues” of linreg consistency (see Market Trends) have confirmed falling beneath the key +80% axis: structural support spans the 4200s, (which today already have been tapped per the session low thus far at 4283). The S&P 500 — which a year ago closed with its “live” P/E at 46.1x — now finds it at 55.1x. The Econ Baro (its 36 missing “shutdown” metrics notwithstanding) concludes the year with last week’s Initial Jobless Claims. Back Friday for the full session. A Safe and Happy New Year to All!