Oil’s +9.1% net daily gain yesterday ranks third-most year-to-date; (Gold’s -2.9% loss was its 12th-weakest). At present we’ve Gold , Copper and Oil above today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility for the session is pushing toward moderate. In going ’round the horn for the Market Values of the five primary BEGOS components in real-time: the Bond is 2^18 points “high” above its smooth valuation line, the Euro 0.030 points “high”, Gold +129 points “low”, Oil -2.26 points “low” (it had been more than -20 points “low” three weeks ago), and the Spoo +377 points “high”. Yesterday, both Gold and Silver crossed beneath their Market Magnets, suggestive of further near-term selling, even as The Gold Update is looking for higher levels, albeit therein noting the war can forestall such direction; Gold yesterday basically reached down to Fair Value (3989) before bouncing today (just as had happened two weeks prior). June’s inflation puzzle begins today with what by consensus is expected to be a benign CPI. Et Vive La France!