Gold drifted lower in quiet summertime trading managing to keep its foothold above the $1800 mark, but not inclined at this juncture to move aggressively in either direction.* It is trading at $1808 – down $1 on the day.* Silver is up 9¢ at $19.39.* At the same time, demand for the metals is steady among investors, including professional money managers who see real rates of return narrowing, stock markets globally looking increasingly overvalued, and cash presenting itself as a viable alternative.