16 May 2023 – 09:14 Central Euro Time

The precious metals’ recent weakness is continuing this morning, with both Gold and Silver at present below their respective Neutral Zones for today, as is Copper. Above same is the Bond, and volatility is pushing toward moderate. By our Market Trends page, only two of the BEGOS Markets are in positive (albeit weakening) linear regression: the Bond and Gold. In looking at Market Rhythms, the best consistency — on a 10-swing test basis — is for the Bond by both its 2hr. MACD and 2hr. Parabolic studies; on the 24-swing test basis ’tis Oil’s 2hr. MACD and its 4hr. Parabolics. Today’s load of incoming metrics for the Econ Baro include May’s NAHB Housing Index, April’s Retail Sales, IndProd/CapUtil, and March’s Business Inventories.