Greyerz – This Move In Gold & Silver Will Look Spectacular
August 23, 2012
Today Egon von Greyerz told King World News, “This is going to be one of the fastest moves that we’ve seen in this bull market (in gold).” Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “… silver is going to move a lot faster than gold.” He also cautioned, “… The ascent is going to be mind boggling.”
Here is what Greyerz had to say: “Eric, this is a good day to talk because the breakout we have been talking about is happening here and now. It had to come, both technically and fundamentally. We are always looking at this market from a fundamental point of view, but the technicals are now confirming the breakout.”
Egon von Greyerz continues:
“This is going to be one of the fastest moves that we’ve seen in this bull market. We are now talking about gold moving, without any major correction, to the next major target of $4,500 to $5,000. That might seem incredible, but it’s reality. This is a technical target.
But what’s happening in the world, the mess we are in and the QE that will follow, that will be the catalyst that will drive gold up to unbelievable heights….