Gold Price and Bonds Rally Overnight

New York (July 1)  Markets reacted to hopes that central banks will act to limit the Brexit vote and all its implications. Gold and Silver rallied with Bonds while stocks were lightly bid. It is apparent that the stock rally of the last few days was in anticipation of Central Banker stimulus coming to the rescue of the EU markets in the form of easier money. Buy while stocks rallied, the markets did not see the "risk-off assets" of Gold and Bonds sell off. Quite the contrary. They not only held but rallied in some instances. Silver caught up to Gold yesterday, and Gold took the lead last night.

Soirce: MarketSlant