The ups and down of gold

[#1]

So China securities exchange has granted permission for 4 chinese banks to offer ETF's - that should bolster demand. On the flip side, EU is lobbying hard for the IMF to sell more reserves - this should increase supply. Bottom line? What do you think is going to be the outcome of a product that is driven largely by ETF derivative demand? I predict a massive selloff coming soon

[BAP]

Started this afternoon?! Got out of a few longs on GFI's quickly. Where to from here?

[richardw]

I heard the IMF sales were designed to affect the market as little as possible. Not sure how that's done - maybe to governments only.