I’ll bet UBS sells gold.
If you held onto your $300 gold before Obama got into office and sold your gold after he was elected again at its peak near $1,800, you will make 600% profit when it hits $300 again. Even if it only goes to $600, when you buy back the gold you sold you will have made 300% profit and tripled your gold holdings. The bankers are selling their gold and making people panic to buy it. Than they will purchase it again when the market bottoms. Pure speculation on an economy unhinged and out of balance.