If you don't think gold is a currency, then stop wasting your time reading this post.
Gold is a very important unit of monetary measure (I will not go into a big diatribe here. I have covered this many times already as have many other bloggers and writers). Most specifically gold:
1) Is the longest lived currency in history
2) Is a non-inflating currency (new mining supply adds very little to the above ground supply, on the order of 0.5%-1.5% per year)
3) Gold is a safe haven asset. It doesn't pay dividends, it does not multiply. It holds value. It protects wealth. As such when risk is high / confidence in the financials markets is low gold historically outperforms
And guess what gold is doing right now :

Yep, you bet. It is outperforming.
What does this say for the risk of most asset classes right now? Gold stars to everyone who said that risk is high.
And this shows up on many other measures besides gold. Look a comparison of the Dow ("safe" blue chips) vs. the Russell 2000 ("risky" small caps), and tell me in a straight face that risk is low and it is safe to be bullish.
Have fun.