Why Isn’t Gold Going Up with Inflation?

From monetary-metals.com

Many voices in the gold community are making a simple point. Look at the prices of oil, copper, and other commodities. They are skyrocketing. The mainstream explanation—shared by Keynesians, Monetarists, and many Austrians—is that the cause of this skyrocketing is the increase in the quantity of what is called “money”. The price of gold has not been going up. The inference is that it should be going up (note the word “should” is very dangerous in trading). The default assumption is there can only be one possible explanation: price suppression. We aren’t going to debunk, yet again, this conspiracy ... (full story)