Central bankers have also joined the game; they have suddenly decided that is time to buy Gold after dumping tons of it at significantly lower prices. Mining companies like ABX have also finally decided that its time to close their hedge books now when Gold is trading in record high territory. When Gold was trading in the $300-$500 ranges, they did not think it was a wise move. As market timers both entities are at best terrible and so caution is warranted now that they have both suddenly turned bullish