Gold and silver both fell over 1% yesterday. Gold fell $14.60 to $1,282.10 while silver fell 25 cents to $20.37/oz.

Asian trade was limited to a narrow band of $5.00 and volumes traded on Globex were again down. Gold in Singapore remained in a tight range between $1,280/oz and $1,285/oz. and traders appear to be waiting for the non farm payroll…