June Comex gold futures (GCM25) hit a record high early last week of $3,509.90 an ounce but then promptly backed off to close Friday afternoon at $3,330.20 — down around $180 from last week’s peak. The major bull market run in gold is in serious jeopardy on a near-term basis. Meanwhile, the silver market (SIK25) is maintaining its price uptrend on the daily chart and last Friday hit a three-week high.
