RE:China Evergrande (and its $300+ billion in debt)Gold is down because of healthy raises in US manufacturing and retail sales . The party never stops . Along with naked shorting in PM`s and miners . The only industry where you can buy and sell something the doesn`t exist or if you want to short it you have 10 days to borrow the shares by which time you most certainly would have covered the shares that don`t exist . This was all supposed to stop Jan 1st but the big investment banks all over the world agreed to ignore that agreement . So 2% drops in gold in a matter of minutes are becoming commonplace. On the up tick inflation now means nothing .
When you look at the money that China and the US throw around now in the trillions , $300 billion just isn`t a big deal anymore . There are several people close to that in personal wealth and lots of speculation that Putin has more .