Gold last week brought out the buyers as stock resumed their downward spiral after a brief rally earlier in the week. It hit just under $1,250 per ounce and ended Friday's trade at about $1,230. Looking at the chart you can see the breakout to new nominal highs. i think we go higher in weeks to come.
125 on this chart equates to about $1,250 minus transaction costs for the ETF for Gold Bullion. Keep printing money central banks of the world and we will see higher and higher prices.