IMO you are correct. Follow the money and China stands to gain a lot from low POG. I have posted this before. I watch China trading on the ASX through CXA during the day and they don't seem to be the ones that are shorting the stock on my favourite Gold producer BDR, all the Stock Holders know who it is and its not China.
But I agree the Chinese do have a lot to gain and I wouldn't be surprised if they were shorting some Gold miners so they could make a takeover.
Paper Gold on the futures is most often smacked hard when Australia or the U.S. is open, although its hard to pick the timing. Often when the U.S. Dollar starts falling they smack it.
