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If things go bad in China, they could unload their gold...they will also stop buying US treasuries...right now, most of treasuries being bought by China and the Fed Reserve.
When China had their overnight bank lending rates go to 25%, usually this would set gold higher as this is a "safety bet"...but this time gold sold off which is abit odd ...think the mkt is sniffing out that China could unload a bunch of physical gold onto the mkts soon.
Btw, I dont think we see a crash like 2008 within the next 6 months...but I do expect some serious selling and the start of a bear mkt...no need to try to time the exact top, cause it wont happen.
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