Did the German Finance Minister Help Push Precious Metals Down Today?

I commented on his statements earlier in the news post, here's ZH's take, using one of those great Bloomberg Terminals.

I don't think the Paulson and Co. rumor can be excluded either, it is kind of a double whammy. As a matter of fact, this very scenario of Paulson selling GLD to meet redemptions was raised here at WOWS on Monday, August 8th, BE CAREFUL WITH GLD

HERES AN EXCERPT:

"The real ticking time bomb for GLD potentially is John Paulson's fund, his top 5 holdings include/included: BAC, C, AU, APC and GLD! It seems as if he has taken huge losses and likely closed the entire BAC position, the C position I believe is still very much alive. 


C is another short we have looked at and is down over 45% from the Jan/2011 highs. BAC he took a bigger bath on which is down about 56% from the January highs, even if he managed to offload most of the position or all of it, he still took a 40+% loss on it. Cramer Called BAC a "Screaming Buy" in early January, almost as bad as his buy Lehman call. THIS IS WHY I DON'T TRUST CNBC. Cramer's allegiance is to his Wall Street buddies and his call created the last rally in BAC before it topped and sold off, giving some Wall Street firms a chance to sell into the rally. Paulson's AU position is down 14% for the year and APC is about break-even. Should Paulson's fund need to raise cash/liquidity, which it likely will with redemptions, his only way of doing so in his profitable GLD position.


If Paulson liquidates his GLD holding's, GLD could be in for a nasty fall."