The question is obviously whether gox is insolvent or just has technical problems.
Why would mt gox have technical problems for more than a month and other exchanges dont? They guy in the IRC chat asked "how come other exchanges didn't wind up with these problems?" but didnt get an answer (i didnt see any).
is the comment you should read. It is by Bitcoin developer Gregory Maxwell (gmaxwell), and confirms everything I have written here, and every statement released by MtGox.
Remember that 80% of the people spreading FUD here are trying to manipulate the price. (The rest are useful idiots manipulated by the manipulators.) They are trading against their own advice, and it is very profitable. I have made several years of wages worth of profit myself by betting against the FUD and that MtGox is right. Lately I have been buying BTC on MtGox sent via internal transfer on MtGox for 90% of the face value sent from my personal wallet. In addition to that, I have arbitraged back by buying BTC at MtGox and selling on other exchanges. The money comes from BTC I previously sold on MtGox after buying at up to 20% lower price on other exchanges. This was while the manipulators tried to convince people to buy BTC on MtGox and sell on other exchanges. And it worked! It worked
extremely well, because the world is never going to run out of idiots. I've made 20% net profit by arbitrage without moving any fiat or BTC, and then 10% on just trading BTC for BTC. FUD works amazingly well as a manipulation strategy!
I have noted a few things: Nobody of those who spread rumours about MtGox running a fractional reserve or having solvency problems have taken up my offer of selling their MtGox BTC to me at 90% face value. And I know several of them hold a balance on MtGox, because I frequently get questions about SEPA withdrawal delays and similar in private messages from them. There are however many gullible bystanders who do. People whom the manipulators have managed to scared the brains out of by spreading FUD.