Sweden cuts interest rate to zero.

http://www.kitco.com/news/2014-10-28/Swedish-Central-Bank-Cuts-Interest-Rate-To-0.html

Central banks around the world are fearing deflation more than inflation. Either way, gold wins.

In related news, early indication from Switzerland suggest the election coming at the the end of November will push that national bank to triple their gold reserves, which will have a huge effect on bullion prices. The Swiss, who have an natural affinity to holding gold, are pissed that their national bank has been selling gold in recent years.

Here's an interesting take on that story from the Middle East.

http://www.arabianmoney.net/gold-silver/2014/10/09/swiss-gold-referendum-at-end-of-november-could-start-prices-heading-to-the-moon/

If you don't want to read the whole story, at least check this extact.

"Often it takes such a landmark event to get markets moving and the gold price has been so manipulated down by central bank collusion that it would not really be such a surprise if it took one of them being forced to break ranks to really get the price heading to the moon."

"Many analysts will tell you gold should be at least three times higher in price than it is today because of this manipulation. Take it off and the elastic band will snap back with a surge to much higher prices. $3,500 an ounce would only be the first stage of this rocket."

"It is simply a rebalancing of global asset prices to account for inflation that is long overdue. By getting there first the Swiss would benefit most, and that fact will not be lost on voters in the referendum on November 30th either."