Possible Bullish Fallout From Goldman Investigation

Moses Kim, a gold bull, says that the Friday plummet was a real buying opportunity from a fundamental standpoint, even if hazardous from a technical standpoint. He opines that there's a hidden upside to financial institutions becoming more regulated:

Now let's think logically for a second about the repercussions of increased regulatory scrutiny of financial institutions. Although most people with a brain know that Government Sachs has been operating a crime syndicate for years, there are obviously people who live in a constant state of oblivion. As more allegations of wrongdoing come to light, the general population will lose confidence in financial institutions and the government, since the government failed to identify fraud as it was happening. This is all to be expected in a cyclical move from paper assets to hard assets.

Gold will benefit from the growing distrust of the government. We are in the middle of a long-term cyclical bull market in gold, and the truly explosive moves lie ahead. Patience and discipline are the name of the game moving forward.

Gold is still flying under the radar and investors are still hesitant to buy. The window of opportunity to accumulate is closing, so investors should be focused on accumulating right now. However, how many people will actually buy at these levels? We all know most people have trouble buying gold above $1,000 dollars since it is so "expensive." Ironically, these are the same people who will be waiting on lines around the block at gold shops to buy above $2,000 dollars. Human nature is a funny thing.