GOLD

Gold doesn’t want to go down. They took it below $1,290 this morning, but major buying appeared and the price quickly jumped $5 per ounce. I believe we will see sizeable increases in Central Bank buying in June. At 11am PDT today, Gold is trading at $1,298 per ounce, up $4 on good volume.

SILVER

Silver dropped early with Gold, reaching $16.32 per ounce, but rallied with Gold back above the key $16.50 level on good demand. At 11am PDT today, Silver is up $0.08 per ounce, trading at $16.50 on excellent volume.