The Bond, Gold, Silver and Oil are all above today’s Neutral Zones, whilst below same is the Spoo; session volatility is moderate-to-robust, Gold notably already having traced 129% of its EDTR (see Market Ranges). The Gold Update underscores the yellow metal’s remarkable rally, yet remains wary for some material degree of pullback to unwind the near-term overbought state of price, which in (real-time) is +228 points above its smooth valuation line (see Market Values); moreover the Update also depicts the inconsistant inflation readings, and sees significantly lower levels for the S&P 500 as the year unfolds, with the 4000s in the offing, (which from its present level is only some -10% lower). For the Econ Baro today we’ve March’s Chi PMI.