What’s Behind the Crash in the Gold Market?

I'm surprised Cyprus's bailout plan isn't mentioned in this article. As part of it's bailout package, Cyprus was forced to liquidate it's gold stores. While this amount (~14 tons) is negligible to the world gold balance- the amount of gold that other troubled European nations have (Italy, Spain, Portugal) is massive. If they are forced to go through similar plans, the flooding of the world gold market would greatly increase the supply.