With Bernanke purchasing $85 Billion in securities each month since September 2012 there would be a relative incline in gold price. (I'm wrong and I hate when that happens) Generally, fear is down, the VIX is 13.88 yesterday and that's a low dating back to April of 2007!
The Dollar Index is relatively neutral/unchanged since September's launch of QEII: 78.6 low on Sept. 15 81.45 high on Nov. 17 79.55 yesterday, Feb. 4
We gold bugs need a driver..... The machinations of the Federal Reserve and big Ben are bringing a modest sense of security to the World economy. My guess this is the eye of the hurricane or just half time, a black out, in the Super Bowl.