The week starts finding at present the Swiss Franc below today’s Neutral Zone, whilst above same are both Gold and Silver; BEGOS Markets’ volatility is moderate. The Gold Update muses the 3000 level as within reasonable distance by month’s end, however cautions that price has risen for six consecutive weeks (which historically is a bit of an outlier); still, the weekly parabolic trend is Long and we maintain our forecast high for this year at 3262; more immediately, Gold (in real-time) is +200 points “high” above its smooth valuation line (see Market Values); too, price is quite stretched above its 300-day moving average, (nearly +20%). Q4 Earnings Season continues to run at an above average pace for S&P 500 constituents bettering their bottom lines from Q4 a year ago: 71% of the 286 reports thus far have so done; ‘course it remains very problematic that the overall level of S&P 500 earnings is too low to support the extremely high Index itself, (the “live” futs-adj’d P/E at this instant 48.4x). ‘Tis a back-loaded week for the Econ Baro with 13 metrics due beginning on Wednesday.