This looks like the week where Bernanke, Draghi and King compete in the liquidity Olympics. The currency-devaluing moves mean that it’s gold investors who win the medal.
The precious metal is down slightly today but the breakout last week creates a picture of technical strength that would be confirmed by a break above $1650.
With the money presses set to start running faster than Usain Bolt, this could be the start of a record run.
