12 May 2023 – 09:26 Central Euro Time

Oil is the BEGOS Markets’ weak link this morning, at present below its Neutral Zone for today; the balance of the bunch are within same, and volatility is light-to-moderate. Silver yesterday took its worse high-to-low points shellacking since 09 March 2022, the intraday move being -1.375 points (-5.7%); more in tomorrow’s edition of The Gold Update. By Market Rhythms, our most consistent (10-swing test basis) at present is the Swiss Franc’s 1hr. Moneyflow study, whilst per the 24-swing test basis ’tis Oil’s 2hr. MACD. The Econ Baro concludes the week’s inflation data with April’s Ex/Im Prices, plus the UofM Sentiment Survey.