Evergrande may cause another 2008 crisis. China gov has said they will not step in. Gold fell 20%, but then climbed to double previous high. Eg $1000/oz to 800 then 2000. These are rough numbers but you get the point. This also happened during great depression. Extrapulating that forward sees gold drop to $aud 1600, then rise to $5000. Wmc would get hit with the rest of the market, but then rise to make new highs. i suspect that could warrant 12+ stock price when the dust had finally settled. $5000-1750costs.x120000oz.
for those that can or have the stomach to hold about a year, year and a half while the dust settles.
WMC Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
