Both Oil and the Spoo are at present above their respective Neutral Zones for today; the balance of the BEGOS Markets are within same, and volatility is light. The Gold Update continues (at the very least) to muse over the notion of the Fed at some point actually having to raise rates: therein, our updated inflation table tells the story. The yellow metal itself as “expected” is coming off the recent All-Time High of 2203 (currently 2155) given the excessive distance of price above its smooth valuation line, that live reading now +79 points (see Market Values). ‘Tis a light week of data for the Econ Baro, beginning today with March’s NAHB Housing Index.