Illogical markets

Today, the ASX is up but other than the US market going up at the end, very slightly, it is difficult to comprehend.  The ECB is printing money but why would other markets head up?

And price of gold is up overnight but again, is it totally because of bad news?  What is the really bad news?

I topped up 2 resource stocks but it is hard to be sure whether it is throw good money after bad.  PEN will start to produce uranium ?soon and AMI is producing gold and copper.  Commodity prices are rotting at the moment except for gold...  Nickel was up but it was because of Indonesian government 'manipulation'.

Mostly, I have been sitting on the side... because I can't work out the logic.