Once again reality trumps Hollywood: you cannot script this stuff … well almost not: “Welcome to real life…” –(Spaceballs, MGM, ’87)

Ah, but first: with just Halloween left in October’s trading balance, let’s call it a month and bring up the BEGOS Market Standings through these 10 months of 2016, (save for Monday, which may be an abbreviated one as folks rush out early from their travails to prepare the little ones for trick-or-treat). And for just the second time year-to-date, neither Gold nor Silver are at the top of the table, for given the early October selloff in the precious metals, plus Oil’s being fairly firm throughout, ’tis so-called “Black Oil” leading the pack as was the case at the end of May:

That’s how they now stand; but if something tells you the above table may look a bit different in a month’s time, you’re not alone, as much may befall the markets come November’s end.

As for the precious metals, in tracking percentage performances from a full year ago-to-date, Gold itself is up but a mere 11% as opposed to this group of equities brethren: GG (Goldcorp) +13%, FNV (Franco-Nevada) +25%, GDX (the prominent exchange-traded fund of the Gold miners) +57%, NEM (Newmont Mining) +78%, and SIL (the popular exchange-traded fund of the Silver miners) +92%. “Ride ride ride the wild surf…”–(Jan & Dean, ’64):

Now: much anticipated was Friday’s first peek at Q3 gross domestic product. And, (some might say “conveniently”), it came in at a comparably robust annualized rate of +2.9%, well in excess of expectations and clearly the fastest annualized growth pace since that recorded for Q2 of 2015 (+3.9%). So “bye-bye” Gold, right?

Wrong! Save for Gold’s instantaneous knee-jerk seven-point decrease smack on the GDP’s release, price fully recovered and then some in less than 30 minutes. Followed was the FBI’s much-reprised surprise, spurring Gold higher still, such as to trade above the 1280-1240 support zone for almost a full hour before settling out the week at 1276. Whilst ’tis nothing about which to write home, given Gold’s hard selloff in kicking off October, ’twas price’s best weekly performance since that rout and evidence that the below-shown purple-bounded 1280-1240 support zone has — to this point — contained any further selling: