I don't know why people keep saying the inflation is low. Maybe rich people don't shop at Safeway, Costco or local grocery stores. But my 100 bucks buy less and less stuff over the last a couple of years.
I think all the taper news have baked into gold and miners. Gold can probably only go up from here. I don't see taper happening in the near future either. no taper, inflation (stuff in this blackfriday is much higher comparing to last year IMO) and other world issues will send gold much higher.