XAU/USD - ongoing upper trend

After running Shanghai and Hong Kong exchange with physical gold settlement there is opportunity for a new bubble, which going to be not so harmful for economies like DotCom or Housing bubble.
Regarding to rising FED rates in future money is going to be much more expencive, than they are right now. In accordance to that, to have ability for expand reserves, National Banks will be interested in gold "rush". If gold will cost 110000/OZ - it would be a great opportunity to repay debts for National banks by selling gold without any additional debts creation.
Following that idea - I have a strong believe precious metals are the best underpriced instruments on the market right now, which have a great profit opportunities for the next 2-3 years.