Coming soon. I am starting to accumulation Puts on GLD for this. Gold is in a frenzy and the correction will be swift. Crude oil is in a correction mode from 110-80 and oil will hit the 60's or low 70's.http://www.oilbull.com/gold-chart/
With or without China backs GOLD, GOLD is still GOLD. China will learn how to use gold to defeat domestic inflation, eventually.