Gold and silver have fallen slightly during this quiet June market as we head into both the end of the month and the quarter.
Gold is trading just over $1,900 this morning, and silver is trading near $22.50.
The U.S. stock market remains buoyant on optimism about an end to Fed rate hikes and a sense of relief that larger issues in the banking system have been averted.
However, a commercial real estate meltdown looms, triggered by high downtown vacancies in major cities. Rising defaults may well trigger major turmoil in the credit markets later this year.
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