Gold, Silver gain as Japan downgrade spurs haven demand

``Gold was getting a lift from factors such as haven demand after Japan's downgrade by Moody's, and the dollar's pull back from session highs Monday, said Jim Wyckoff, senior analyst at Kitco.com. A weaker greenback often boosts commodities traded in dollars, like gold, since it makes them cheaper for holders of other currencies. Other factors helping the yellow metal included India easing its import restrictions, and some buying by bargain hunters and short covering, Wyckoff said. "I suspect that the bears became exhausted at those lower price levels," he told MarketWatch.'' -- Very interesting; gold is doing what it "should" right now. Expect lots of large-lot selling on the futures market during light trading hours in the next few days.