We’ve at present both Copper and Oil below their respective Neutral Zones for today; none of the other BEGOS Markets are outside of same, and volatility is quite light. Looking at Market Rhythms for pure swing consistency: topping the list on a 10-test basis are the Euro’s 2hr MACD, Swiss Franc’s 1hr Moneyflow, Bond’s 8hr Moneyflow, Coppers’ 15mn MACD, and the Spoo’s 8hr MACD; on a 24-test basis ’tis both the Spoo’s 4hr Moneyflow and daily Parabolics. Gold, after having crossed above its smooth valuation line (see Market Values and as highlighted in the current edition of The Gold Update), has since slipped back below same; we’re thus getting price whipsawing in concert with having already written of Gold’s technicals and fundamentals being in conflict with one another. Meanwhile, the Econ Baro looks to May’s Wholesale Inventories.