Gold Daily and Silver Weekly Charts – Flight to Safety

from Jesse’s Café Américain

We continued to see an extension of the rally in gold, off the bottom that was set for the June option expiration.

In particular the current tilt in the polls for Brexit has the international banking community shifting from foot to foot. After all, if the Brits exit the EU, who will be there to bail out the continental banks as the neoliberal economic madness continues to destroy the real economies of one nation after another.

There was a tragic mass shooting over the weekend in Orlando, and all of the victims and their families have been in our thoughts and prayers.

There will be more economic news this week, as well as some central bank actions that could influence the price of gold. Silver seems to be following gold at this point, but that will change when we move to an active month for the silver trade.

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