Japan selling gold to raise Cash after the Quake

Huge Gold and Silver sell off following Japan Quake some rumors say that Japan is selling gold to raise Cash , investors panic to sell gold for cash. Gold index is on the spot price down almost 35 dollars , some are saying with production down because plants are being closing down we may see profit taken and liquidation in both Gold and Silver ....Spot gold prices traded in nervous fashion this morning, following a weak opening near the $1,411 level on the bid-side. the psychological level of $1,400 could not been maintained and the spot price is at present around $1393 /oz , Silver have seen more than 2% drop