Given the CB's objective of pegging rates low for the...

Given the CB's objective of pegging rates low for the foreseeable future, gold is basically a guaranteed trade for as long the current policy continues. They have forced their own hand, meaning that in order to keep bond yield spreads low, they have no choice but to buy corporate bonds whenever yields would normally spike due investor uncertainty.

They same applies to other instruments like MBS and stock market assets, because they are forced to act in the same manner to keep the banking / investment industry propped up and asset prices from crashing.

They are boxed in and forced to print. Probably never been a more bullish time for gold. No wonder big players are 'stackin', and a ton of money is flowing to explorers.