Certainly Fed and Government action point in favour of inflation. Gold Bugs will be pleased; but there appears to be excess speculation priced into the metal compared to Platinum and to a lesser degree, Silver.
Is Gold taking its lead from Oil of 2006/07?
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.