Senior Chinese officials have said for some time that gold is not what China needs. So it looks like they are staying true to that philosophy. Having said that the dollar is stronger than it probably should be but it is what it is. dont expect gold to do anything until inflation becomes significant. Other factors could be a currency war making gold a go to safety store. Also think at this time the US government does not want people having too much gold but instead put their dollars to work investing, so may be time to buy soon. Will be interesting to see how gold reacts after the sequester day.
when the fed wants something to happen taht is exactly the time to get out of thier way.. you do not want to be standing in their path trust me.. not all the gold longs hoarding all the physical gold till their bank accounts are broke will stop the fed. Sorry. fed wants lower gold prices.. fed gets lower gold prices