Gold tracked sideways all day today with little to mention in the way of news or unusual trading activity. Silver followed suit. In Asia, however, both metals have registered a pulse. Gold is up $2.60 at $1275.35 as this is posted. Silver is up 7¢ at $16.72.
Quote of the Day
“Time is the soul of money, the long-view — its immortality. Hard assets are forever, even when destroyed by the cataclysms of history. It is the outlook that perpetuated the most competent and powerful aristocracies in continental Europe, well up through World War I and, in certain prominent cases, beyond; it is the mindset that has sustained the most fiscally serious democratic republic in the Western world, that of Switzerland. . .” – Marcia Christoff-Kurapovna, the Mises Institute