Thought this was an interesting thought on why the lackluster PM action lately...from Miles Franklin's newsletter......

"If you are wondering why gold and silver prices are stuck in a rut you can lay blame on the MF Global situation as longs are being liquidated by the Trustee to facilitate cash settlements and with 150,000 customer accounts frozen the vast array of potential buyers are unable join the feeding frenzy.

In addition, the CME is raising margin requirements this week and also adds to the liquidation of gold and silver. This should come to an end quickly."