Well, I inspected a known good device and the resistor in question apparently is NOT shorted. Other one was reading near the same. That being said, I cannot find a reference for the band markings anywhere. Here is the banding colors from one end to the next. Green, Red, Silver, Gold. What am I looking at?
OK, I finally found my more complete chart and looks like this is a .52ohm resistor. Actual measurement with the ESR meter is .35ohms so it IS slightly out of tolerance.