[infomofo]

I'm surprised Cyprus's bailout plan isn't mentioned in this article. As part of it's bailout package, Cyprus was forced to liquidate it's gold stores. While this amount (~14 tons) is negligible to the world gold balance- the amount of gold that other troubled European nations have (Italy, Spain, Portugal) is massive. If they are forced to go through similar plans, the flooding of the world gold market would greatly increase the supply.

[No1]

It was mentioned "... Cypriot central banks’ need to sell off some its gold reserves to pay for its bailout ..."

What wasn't mentioned was Japanese selling of gold since it has risen to all-time highs vs. the weakening yen.

http://online.wsj.com/article/SB1000142412788732382030457841...