Fairly quiet night for the precious metal complex overnight, with gold holding above USD $1250 and silver around USD $20.40

Fairly quiet night for the precious metal complex overnight, with gold holding above USD $1250 and silver around USD $20.40. A US holiday and a dearth of economic data led to a uneventful 24 hours, although earnings results should see things pick up a little as we head towards the FOMC meeting Interesting to note that ANZ received one of 2 grants from China to import gold (the other going to HSBC). They must see some opportunity in this space. From a price perspective, Jeffrey Christian of CPM group has turned bullish on precious metals too. Bearish in 2013, he feels the correction has now it's course, effectively stating that none of the problems that led to the GFC have been solved. Also a few technical I traders I follow who are encouraged by the more constructive price action of late, with a potential run toward USD $1275 on the cards soon. (VIEW LINK) (VIEW LINK)