The Bullishness of Gold

Gold dumped about 20 bucks back below 2000, even got below 1990 I think on the lows. Now why? Think about this for a second. The bank of Japan, a major central bank is okay with inflation. It thinks it's good and wants it to continue and is going to do nothing about it. Interest rates are going to stay negative,. Not only are real rates negative in Japan, but you got nominal ratesnegative in Japan too. That is good for gold. So what was announced by the bank of Japan was positive for gold.