The week is underway with at present both Oil and the Spoo above today’s Neutral Zones; volatility is moderate. The Gold Update cites the new parabolic Long trend as having struggled through its first two weeks: when this has happened historically, it does not fare well for the yellow metal over the near term; presently 2390, Gold is just +16 points above its smooth valuation line (see Market Values); we think the 2300s ought hold their ground, however the weekly parabolic flip to Short would come (per this week) at 2308; note as well that Gold’s August cac volume is moving into that for December, with +47 points of fresh premium. The Econ Baro is quiet today ahead of 14 metrics due as the week unfolds, plus we’ve the FOMC’s Policy Statement come Wednesday.