What if it rocks along like this, with the FED and CB's fighting Deflation with-out too much inflation to prevent the liquidity pump. Things get better sometimes, but not enough to pay down debt significantly and certainly not enough to raise interest rates.
People get board waiting for Gold to break 2,000 so start to look for good div paying businesses. But the useless metal still trades between 1,500 and 1,800.
In the meantime all the low cost near term producers have paid off their debts, funded new deposits and gone from juniors to mid tier market caps.
Smart traders have taken some profits or got free carried along the way and moved money into strategic metals, div plays and potash, phosphate plays, or the new uranium or zinc bubbles.