I posted this on the SLR thread, but its just as relevant for KGL.
Hold onto your hats for much higher gold prices and plenty more market volatility according to this imformative article.
It sums up everything many of us seem to understand already and probably already expected.
The (seemingly) least painful solution-and so the most likely to be taken by politicians- is going to massive money printing. It will only happen when all seems lost so that it can be sold to the public.
Gold stocks while perhaps initially volatile in both directions should soar to levels many won't believe.
For me this means being nearly fully invested in gold stocks, with a bit of cash to live on through the initial roller coaster phase.
http://www.businessspectator.com.au/bs.nsf/Article/Europe-crisis-markets-investment-banks-Germany-Fra-pd20111117-NNS8B?OpenDocument&src=eid&ir=4
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notes on kentor from the gold symposium, page-58
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