Many of the contrarian investment experts we publish daily here at Contrarian Profits are predicting a bounce in gold prices.

They say this will happen because US economic fundamentals don’t support a long-term dollar rally. Gold, goes the logic, will rise as the dollar falls.

J. Christoph Amberger disagrees. The SPDR Gold Trust (NYSE:GLD) ETF, the world’s largest gold ETF, sold over 90 tons of the metal in two months. When the biggest buyer of gold becomes the biggest seller, J. Christoph says the chances of a rally in the near future look decidedly slim.

On Tuesday, we published a post by Taipan Daily editor Justice Litle, Why the China Bears Are Wrong.

Justice gave six reasons why China is a buy now. These included the recent correction in crude oil prices, China’s high level of personal savings and the country’s massive foreign reserves.

Today’s Financial News editor J. Christoph Amberger says Justice is wrong about China. The Shanghai and Shenzhen stock exchanges have plummeted since the opening of the Beijing games. J. Christoph says China now looks more like Japan in the ’90s than a strong buying opportunity…