Matterhorn Asset Management Sets Three Gold Price Targets: $6,000 – $7,000 – $10,000

Tuesday, September 7, 2010
By Paul Martin

by Tyler Durden

From Egon von Greyerz of Matterhorn Asset Management

Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999.

•It is a fact that gold in US dollars (and many other currencies) has gone up 400% in eleven years or 16% per annum annualised.
•It is a fact that the US dollar has declined 80% in value against gold since 1999.
•It is a fact that the dollar and most other currencies have gone down 98-99% against gold since 1913 when the Federal Reserve Bank of New York was created.
•It is also a fact that the Dow Jones (and many world stock markets) has declined over 80% against gold since 1999.
•It is a fact that gold has made a new all time monthly closing high in dollars in August 2010.

The Rest…HERE

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