Sister Silver suffered the worst yesterday amongst the BEGOS Markets: her -8.8% net loss was the white metal’s worst since 11 August 2020; more on the metals and markets in tomorrow’s 803rd consecutive Saturday edition of The Gold Update. Following yesterday’s beat-down, (save for the Bond and EuroCurrencies), we’ve at present both the Bond and Swiss Franc above today’s Neutral Zones, whilst below same are again the Metals Triumvirate and Oil; (the Spoo is within same); session volatility is firmly moderate, the Swiss Franc notably having traced 110% of its EDTR (see Market Ranges). Given yesterday’s material moves, the five primary BEGOS components are positioned (in real-time) as follows vis-à-vis their respective smooth valuation lines (see Market Values): the Bond is just over +3 points “high”, the Euro +0.039 points “high”, Gold (despite its being sold) +170 points “high”, Oil -2.95 points “low”, and the Spoo deeply oversold by this metric at -471 points “low”; of course, for the S&P 500 itself, its “live” P/E (futs-adj’d) still remains up in the silly zone at 37.1x; thus there’s rightly still a long way to fall. The Econ Baro closes its weeks with March’s Payrolls.