TomWinnifrith.com

I could not have put it better than this note from the trading desk at a leading London broker, which I have just been sent. I am sorry that I cannot include the chart referred to but you can guess what it looks like. The report states:

Gold has had a quiet year thus far. Despite the prospect of more money printing by the world’s central banks, and minuscule interest rates, it seems that not many people see inflation as a big threat at the moment.

But things can change quickly in the financial world.