Presently, both the Euro and Oil are below their respective Neutral Zones for today, whist the Spoo is above same; BEGOS Markets’ volatility is light. Over the past couple of years we’ve in The Gold Update said that the Fed need raise rates: that may soon come to pass given the continued ramping up of inflation; (the next FOMC Policy Statement is due 17 June). Looking at Market Rhythms for pure swing consistency, our top three (10-test basis) have been Gold’s daily Moneyflow, the non-BEGOS Yen’s 30mn Moneyflow and the Bond’s 1hr MACD; too (on a 24-test basis) they are the Euro’s 30mn Moneyflow, Oil’s 2hr MACD and Silver’s 30mn Parabolics. Silver has been firmly breaking out to the upside, indeed +25% across just the past 11 trading days low-to-high inclusive. And the Econ Baro awaits wholesale inflation for April via the PPI.