Well known bullion dealer in Florida announced he isn’t buying any gold bullion today, Saturday. Two reasons. He took in a huge amount from customers selling into yesterday’s spike, and more importantly he doesn’t want to take the risk of not being able to offload and or hedge over the weekend because he feels that if China and the US reach some sort of deal over the weekend, he believes gold would have a very large drop overnight Sunday into Monday.                                                                                                                                                                                                                                                                                                                                                                      From the business risk standpoint, his stance makes a lot of sense if all those variables were to play out.  I doubt a deal gets announced that quickly, but one is probably coming fairly soon. While I do think the initial reaction would be a knee jerk selloff in gold’s price, I don’t think it would be the large record amount he mentioned, nor do I think it would stay down for very long.(maybe not even a whole day?)