Through the turn of the twentieth century, one of the so-called “common coins” here in Monaco was the 100 Franc Gold piece depicting the image of then Prince Albert Honoré Charles Grimaldi. Albert I was not as nearly beloved by his Monégasque subjects as is today’s Prince Al by the principality’s citizens and residents. But the coin itself is a collectible keeper: with its .900 pure Gold content of 29 grams (= 1 ounce), the piece is valued well beyond the 1230 level at which trading otherwise settled out the week yesterday (Friday). We presently see asking prices for the coin’s 1895 edition exceeding $4,000 … don’t accidentally plop one into a casino slot at the Café de Paris.

Still today, with Gold trading at but one-third of the coin’s purported value (which in itself is far closer to where Gold “ought be” trading by our 2833 debasement measure shown above), the yellow metal is nonetheless getting enough of a combined safe haven/technical bid these days such as to be winning the battle of the BEGOS Markets. And in viewing them here per their percentage tracks across the past 21 trading days (one month), only Gold is, at present, higher, (+2%):

Specific to Gold getting a technical bid, we see it supported here in price’s weekly bars from a year ago-to-date. The six weeks thus far of parabolic Long trend are finding their blue dots beginning to climb out a bit more from their initially “flat” state, with price pointedly en route to attempt re-entry back into The Box as bounded by the 1240-1280 purple lines. (Seems as if we’ve annoyingly been writing about The Box since the time of Albert I)…

As for the balance of the BEGOS Markets squirming, indeed the Prince of Squirm these days continues to be the S&P 500 as next pictured with the still-declining Economic Barometer. As the past week unfolded, we were briefly bemused by this headline per a highly-visible analyst: “The stock market is overdue for a one-day 5% or 10% plunge” … did we not just have one?