China revealed last Friday that they were extensive reserve...

China revealed last Friday that they were extensive reserve buyers in the gold market. So, where's the evidence that it's being "assisted" on its way down this week?

Just looking at a straight overlay, you wouldn't read much into it (top chart). It seems to be moving at about the same times and directions as the Euro. Problem is, it's moving much more downward than the Euro at each major body-slam, as can be seen from the bottom chart, which shows percentage gains/losses for each item for the week.