Pierre Lassonde weighed in on the takedown https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/16_Legendary_Pierre_Lassonde_Weighs_In_On_Gold_Takedown.html
“My feeling is that we are going to see a sharp recovery. I suspect that because gold has broken down so fast and so sharp that we are going to get a V-shaped bounce rather than a U-shaped bounce.
So the opportunities that you are seeing now, the gifts that are in the market, I don’t think you are going to see them for very long. This will be very much like what happened in 2008. In 2008 we saw one of my companies, New Gold, go down to $2 a share. Well, it didn’t stay there for more than a week. But those opportunities do come in the market and they are being served up to investors right now on a golden platter.”