That is the law favoring corrupts and riches, If the news about mtgox BTC auction turns true wi might see a new low of 2014..!
There will be some hope if it is a private auction. Even in that case, if the auction price is much lower than the market rates, then the prices will decline steeply. For example, if the coins are auctioned at $380 when the market price is $480, then the person who purchased those coins will offload them to the market, to get immediate profit. Finally, the market price will also settle at $380.
And if the auction takes place when the market touches 1K usd ?
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