• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

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

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Tue, 09/07/2010 - 08:30 | 566936 JJ McApe
JJ McApe's picture

Is this the Golden Bullet?

Tue, 09/07/2010 - 13:50 | 567564 Hard1
Hard1's picture

Isn't bonds/stocks/currencies are overvalued and gold is cheap a little biased comment coming from an Asset Management firm that only offers gold.

Tue, 09/07/2010 - 18:12 | 568170 akak
akak's picture

The presence of a bias does not necessarily imply the absence of truth.  Are not those with the best or most accurate knowledge going to be biased towards their own conclusions?

Tue, 09/07/2010 - 17:56 | 568138 dnarby
dnarby's picture

Ha ha ha, this report is funny!

For starters, the average historical percentage of global assets held in gold and gold mining stocks during times of finanical crisis is 26%, not 25%...  Get your facts straight!

And currently, the percentage held in gold and gold mining stocks is 0.8%.

That means we need a 32.5x increase in gold in gold stocks to meet historical averages.

That puts the price of gold at ~$40,625.00/oz.

$10,000.00/oz, ha ha ha ha ha!

Tue, 09/07/2010 - 08:33 | 566939 snowball777
snowball777's picture

We will all be ruled by gangster rappers by virtue of the value of their chains.

Tue, 09/07/2010 - 08:46 | 566960 idea_hamster
idea_hamster's picture

There would be a wonderful poetic justice to that.

Tue, 09/07/2010 - 08:55 | 566977 snowball777
snowball777's picture

Let's go full circle and have all the descendants of the former plantation masters build hybrid Escalades and bazooka subwoofers as reparations.

Would also be ironic if the mortgage problem was resolved via 1-800-GOT-GOLD scheisters sublimating gold into relieved debt.

I too, have a dream.

Tue, 09/07/2010 - 09:59 | 567104 contrabandista13
contrabandista13's picture

"... I'm just out there donald trumping gettin paid for buildin somethin...."

Tue, 09/07/2010 - 20:48 | 568505 dnarby
dnarby's picture

Tru dat.

Tue, 09/07/2010 - 08:35 | 566941 MrTrader
MrTrader's picture

Thank you for the strong sell signal.

Tue, 09/07/2010 - 08:36 | 566945 Tyler Durden
Tyler Durden's picture

Further confirmed by the $10 spike

Tue, 09/07/2010 - 08:55 | 566979 snowball777
snowball777's picture


Tue, 09/07/2010 - 08:43 | 566954 JJ McApe
JJ McApe's picture


Tue, 09/07/2010 - 08:45 | 566958 LoneStarHog
LoneStarHog's picture

Sooooo...now that you have sold...at what price do you think you will buy...$1300...$1400...???

Tue, 09/07/2010 - 20:49 | 568507 dnarby
dnarby's picture

I like $1150.00

Tue, 09/07/2010 - 08:37 | 566947 LoneStarHog
LoneStarHog's picture

Was Karl Denninger a consultant for this paper?

Tue, 09/07/2010 - 13:39 | 567544 Imminent Crucible
Imminent Crucible's picture

Karl Denninger is not bullish on gold and has stated flatly that gold will not protect you in the unfolding debt collapse.

I think he's wrong about that, but let's not misrepresent his position.

Tue, 09/07/2010 - 08:39 | 566949 chrisina
chrisina's picture

I don't buy Gold because of a price target. I buy physical Gold because it doesn't have any liabilities from the credit system attached to it. It's the only way to store wealth if the credit system collapses. Likelihood of which is increasing day by day.

Tue, 09/07/2010 - 08:54 | 566972 Sudden Debt
Sudden Debt's picture

and because gold feels as soft as a babyskin :)

It's just fucking cool to have. I just like to look at it when I'm borred :)


Tue, 09/07/2010 - 09:09 | 567010 billhilly
billhilly's picture

Yah Man!  and the fondle factor of a 100 0z bar of Silver sure gives a warm cozy feel!

Tue, 09/07/2010 - 09:50 | 567092 Brutlstrudl
Brutlstrudl's picture

Around my  way, people have stuff growing in their closet that they look at when  bored/

Tue, 09/07/2010 - 08:43 | 566952 papaswamp
papaswamp's picture

Gold and Silver just went verticle!

Tue, 09/07/2010 - 08:48 | 566963 Sudden Debt
Sudden Debt's picture

you should apply for a job at CNBC :)

Tue, 09/07/2010 - 09:11 | 566984 papaswamp
papaswamp's picture

Hey I was reporting the facts..CNBC would probably either ignore the price spike that just happened or say"...gold and silver are reacting positively to Prez Obama's new stimulus plans..."

Tue, 09/07/2010 - 10:11 | 567124 e1618978
e1618978's picture

I think he was referring to the fact that you misspelled vertical.

Tue, 09/07/2010 - 08:43 | 566953 antidisestablis...
antidisestablishmentarianismishness's picture

Apple Computer has outperformed gold by about 6 to 1 over the past 10 years.  Does that mean Apple is going to $3000 or gold is going to $200 or what?

Tue, 09/07/2010 - 08:51 | 566970 Quintus
Quintus's picture

Interestingly, despite the huge ramp in price that you identify, I do not recall reading hundreds of 'Analysts' raving on about how AAPL was in a bubble, and nobody should invest in it 'cos it's gone up so far already new buyers have missed the boat etc. etc. etc.

Funny that.

Tue, 09/07/2010 - 13:42 | 567551 Imminent Crucible
Imminent Crucible's picture

Probably it's AAPL's 0.19% dividend yield.  You can't pass that up.

Tue, 09/07/2010 - 16:00 | 567818 hidingfromhelis
hidingfromhelis's picture

But, but...you can eat apples.  Oh wait, you meant Apple Inc, the computer company.  My bad.

Tue, 09/07/2010 - 08:43 | 566955 Sean7k
Sean7k's picture

The elites and central banks will never allow the common man to prosper through the purchase of gold. Gold purchasing will be restricted to the few with insight to buy while allowed to and those that have always owned it. 

Gold isn't tulips. It's finite and mostly in the hands of the wealthy. The same ones that make the rules. If we buy too much, they will confiscate it. If we use it, they will jail us. 

When they have drained our wealth through purchases, they will impound it. 

Consequently, buy gold, but be prepared to defend it with all your wiles. Be prepared to save it and ride out the inevitable storm, so you can use it on the other side. The wealthy do not suffer competition and they don't let just anyone into their club. 

Tue, 09/07/2010 - 08:51 | 566968 LoneStarHog
LoneStarHog's picture

This is a true strategic and logistical nightmare for the corrupt powers, unlike Waco, Ruby Ridge, et al.

Without the benefit of actual statistics, I will infer from what information is available that most gold owners are also well-armed.

Waco, Ruby Ridge, et al. all involved a select individual or small group in a confined area. Easy pickings for government thugs.

What do they think would be the logistics to confront literally millions in individual locations?

I truly believe that part of the master plan by these corrupt sociopaths is to perpetuate the paper scam of U.S. economics/finance until it just crashes. It will then be too late for the general population to secure a lifeboat of gold/silver. THEY will already be secured, which I wrote about in 2004, which simply stated that the paper game at the bullion banks was to allow the Jamie Dimons of the world to put their personal assets into depressed metals, while using bank funds to do the manipulating.

The actual number of gold/silver owners will be so minuscule - most will own small amounts by comparison - that it will not be worth harassing them. Allowing these few to become the new Middle Class will be the best solution.

However, I am not naive enough to believe that these corrupt sociopaths work on mental logic, so preparations must be made.

Tue, 09/07/2010 - 08:57 | 566982 Sean7k
Sean7k's picture

Which is why they won't attempt it. They can control the use of it in hard times. When people become desperate enough to use it. 

While I agree with you, I just think the elite are so greedy, they will not stop at being reasonable. Their thirst for control is absolute. 

Hope for the best, plan for the worst...

Tue, 09/07/2010 - 09:05 | 566999 LoneStarHog
LoneStarHog's picture

"They can control the use of it in hard times." -- You mean like Prohibition controlled alcohol?

How in all that is holy does anyone think that THEY can control the use of it, especially in desperate times?

Tue, 09/07/2010 - 09:44 | 567078 Almost Solvent
Almost Solvent's picture

"They" can't.

Confiscation would not be logistically possible, "they" know it.

Most likely it will start with heavy taxation on the sale/purchase of gold.

Maybe migrate to a "fixed" price.

Ending in the exposed naked emperor.

OR, "they" want gold to skyrocket as "they" have secretly amassed huge physical reserves and stand to profit immensely when the fiat falls and it turns out "they" had the physical gold all along.

Tue, 09/07/2010 - 10:17 | 567140 tmosley
tmosley's picture

Heavy taxation will create or expand the black market.  Creating a fixed price will create a gold standard/expand or create a black market.

There aren't a lot of valid options for those in charge of our economy.  This is always the case when a small group is in charge of any economy.

Stop saying "they".  You know exactly who we are talking about.  The Treasury, the administration, and the Fed.  Stop pretending like this is all some shadowy conspiracy, rather than a simple failure of a large planned economy.

Tue, 09/07/2010 - 10:41 | 567204 LoneStarHog
LoneStarHog's picture

Uh...What pronoun would you use for that group?

Tue, 09/07/2010 - 11:47 | 567327 thesapein
thesapein's picture

Same pronoun, just without the "scare quotes", was meant, maybe?

Tue, 09/07/2010 - 12:16 | 567373 LoneStarHog
LoneStarHog's picture

That dumpy New York Gumba, Snookie, scares me more than a couple of quote marks.

But...hey...that's just me.

Tue, 09/07/2010 - 15:25 | 567770 thesapein
thesapein's picture

"I" ain't afraid of no quotes!

Wed, 09/08/2010 - 03:01 | 568955 faustian bargain
faustian bargain's picture

who ya gonna call? Quotesbusters!

Tue, 09/07/2010 - 11:20 | 567286 tamboo
tamboo's picture

those guys are middlemen, the really big money pulls their strings.

Tue, 09/07/2010 - 13:56 | 567580 apberusdisvet
apberusdisvet's picture

The fact that PM prices have been suppressed by the CBs for at least 40 years is no conspiracy theory; it's fact and for obvious reasons.  "There shalt be no safer haven than USTs".  Unfortunately for the banksters, the Asians refuse to play in their game.  The Chinese, in particular will seek at least a partial gold standard in the coming years.  Take that to the bank.

Tue, 09/07/2010 - 11:45 | 567323 Snidley Whipsnae
Snidley Whipsnae's picture

Most likely a heavy tax on mined ore...similar to what Australia proposed recently. What is already above ground and held by individuals would be very difficult to confiscate and would likely cost more than it produced.

Heavy taxation on owned bullion = creation and expansion of black markets = funding for a new era of mobsters similar to prohibition. No good could come of it.

Tue, 09/07/2010 - 09:12 | 567014 SWRichmond
SWRichmond's picture

I see parallels between allowing real wealth to circulate and be privately held, and the individual right to bear arms.  Both leave power diffused in the hands of the many where it is much more difficult to manipulate / abuse.  Both are protection against standard means of abuse by governments: inflation of the currency, and abuse of the monopoly on the use of force.  Both were enshrined in the U.S. Constitution, for now-obvious reasons.

Tue, 09/07/2010 - 09:26 | 567047 LoneStarHog
LoneStarHog's picture

What they can attempt to control is ammo, either at the manufacture or taxation.  That is why ammo sales have been so high and shortages had developed.

Tue, 09/07/2010 - 09:23 | 567043 snowball777
snowball777's picture


Just substitute Baghdad with say Pittsburgh.

Tue, 09/07/2010 - 09:17 | 567033 chrisina
chrisina's picture

You can also store your physical gold, 100% allocated, in a tax free vault in Switzerland, in a perfectly legal and secure manner.


Tue, 09/07/2010 - 09:47 | 567084 Almost Solvent
Almost Solvent's picture

And when SHTF, how can one access that gold unless one is in Switzerland or any bank deposit box when the bank holiday is instituted?

Keep physical nearby so that it can be acessed when needed.

Tue, 09/07/2010 - 12:04 | 567358 DosZap
DosZap's picture


And where do you think they will go first to get your wealth/gold.Any, and all Banks, Vaults.

They love it if you store it........you control it directly, YOU control it.They may issue confiscation, but folks want ice water in hell also.

Guess what neither WILL get it.After the abomonation and disaster these buffoons have caused globally,locally, folks are not going to turn over the only things they have left of value voluntarily.......

This is not 1933, and we not only distrust the Gv't we despise it, we hate it.

Unless, and until they ever get back to Governing as intended by the Constitution, they are no part of me.

My allegiance is to regular Americans, and family,and survival.

I take serious offense at what they have done, and are doing.

Tue, 09/07/2010 - 10:08 | 567117 breezer1
breezer1's picture

not sure why you were junked. makes sense to me. gold is political and poison to paper money. when it goes up there is no comment but when it goes down $10 the msn uses words like plummet and crash . 

if you want to poke a central banker or government in the eye, buy physical gold and silver. simple.

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