Don't forget that Ben Bernanke and the Federal Open Market Committee (FOMC) are meeting today and tomorrow to discuss "monetary policy," or so they say. A lot of things relating to rates are on hold, as I understand it, waiting to ponder/interpret the language in the final report being released around 2:15 Wednesday. Rates to go up, down, how much, stay the same, now, later, when? Duh. No doubt Goldman and JPMorgan already have their marching orders.

Could be that gold and silver already know what Bernanke has up his sleeve.