2011-Like Peak Inklings for Gold- Gold's January spike may be part of a multiyear high cycle. When the metal peaked in 2011 at about $1,900 an ounce -- roughly 2.6x its 120-month moving average -- the Consumer Price Index topped at 3.9%. The metal has reached a similar premium to its 10-year mean, but CPI is just 2.7%. Not since President Richard Nixon exited the gold standard in 1971 has gold been so stretched with inflation so low. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t9xli7kgzajm {BI COMD} #gold #inflation #macroeconomics @markets(Mike McGlone)