GOLD ENTERING A VIRTUOUS CIRCLE
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 almost 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………………Local Marketing Tucson
Related articles by Zemanta
- Gold is Entering a Virtuous Circle (yzerfonteinchronicles.blogspot.com)
- Is Gold Really a Commodity? (online.wsj.com)
- Quotable: Take Fashion Advice From Prince Charles? Maybe. (thefrisky.com)
- Gold futures soften as U.S. dollar gains vs euro (marketwatch.com)
- Audit the Gold! (lewrockwell.com)
- Gold Edges Higher (online.wsj.com)
- Show Me the Gold (lewrockwell.com)
- Gold Corp Eyeing Buy or Die – Overpays for Andean Resources (seekingalpha.com)
- DeathSpank: Thongs of Virtue’s virtuous thongs: explained! (joystiq.com)
- Gold Sticks to Tight Range Despite Dollar Rally (blogs.wsj.com)
