With the US Thanksgiving holiday just a few days away, the precious metals markets are ticking along quietly and consolidating in their new lower ranges. Even Turkey (the country, not the animal you’ll be eating on Thursday) shooting down a Russian fighter jet near the Syrian border couldn’t excite the precious metals at all today. After spending the better of November in a steady downtrend, gold has used the last week building a base above $1,060. Bids have materialized ahead of this level while selling has emerged in the low $1,180s this week. Silver has also finally stabilized and continues to find buyers as it approaches $14.