Bill Murphy in Midas yesterday:

Moonshots Launched

Actually it is rather simple. Most other currencies are a mess, perhaps not like the dollar will prove to be, but they are in tough shape. When the Swiss franc gets ridiculed by their own camp, it means the situation is BAD … and, of course, the pound and euro have serious problems.

Where to go? To gold, of course. But, we have been saying that for some time. My guess is that we have finally reached THE TIPPING POINT, meaning the point in time when it all comes together for gold in the public consciousness … like when a new fad kicks, long hair, etc.

This is just what we have been waiting for. It certainly leads to my major mantra for 2009 the past few months … and that is gold, silver and the shares will be THE GO TO investment for 2009, even for the Planet Wall Street crowd. That day is coming closer and closer. What is important to keep in mind, is that our little market cap sector, even the gold/silver physical market, will have trouble absorbing all the buying, and will send prices up SHARPLY and FAST. Our time has come.

As thought, once gold took out $860, it should fly, and it did…