kenshi: Market Update and 2009 Year-End Wrap-Up: January 16, 2010

Jan 16, 2010   //   by Admin   //   Sell Scrap Gold  //  Comments Off

As we hit the “panic” phase, we’re going to see an historic crash scenario unfold. The mid-point of the down trend will occur with a single rapid gap-down crash situation that dwarfs the 1987 crash. That’s the “tipping point” … If gold was remonetized, its implied value would be north of $10000 per ounce. Makes current prices sound cheap, doesn’t it? But that hasn’t happened yet, and is unlikely to happen any time in the next several years…or even several decades. …

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