All three elements of the Metals Triumvirate are at present below today’s Neutral Zones, as too is the Swiss Franc; the balance of the BEGOS Markets are within same, and volatility is light. Gold’s cac volume is rolling from February into that for April, with 27 points of additional premium: note the All-Time High for Spot Gold itself is 2790, whereas ’tis 2802 (February) and 2847 (April); the latter’s present price is 2792. Per Market Rhythms, our top two for pure swing consistency are (on a 10-test basis) the Bond’s daily Moneyflow and the non-BEGOS Yen’s daily Price Oscillator, and (on a 24-test basis) the latter for the Yen plus its daily Parabolics. Yesterday’s relief rally for the S&P 500 only recouped some 30% of Monday’s monetary outflow; again, mind the S&P 500 Moneyflow page; however, the rally did find the Spoo whipsaw back above its smooth valuation line (see Market Values); either way, the Index itself is “textbook overbought” and the “live” (futs-adj’d) P/E at this instant is 46.5x. Nothing is due for the Econ Baro today with the FOMC’s Policy Statement arriving late in the session (19:00 GMT).