ANALYSTS ON CNBC BULLISH ON GOLD AND SILVER

Gold started the day on a solid up move, rising as high as $974.30 on the futures market, while silver was up to $15.04 an ounce. However, both fell back as the dollar rebounded. The dollar is up 31 basis points, at 77.83 and oil is down $.81 at $71.18 after being as high as $72.42. The equity market is likewise lower, with the Dow down 5 points and the Nasdaq down 11 points.

Today could end up being a profit-taking day. However, most of the analysts who were asked about gold on CNBC this morning seemed to be extremely bullish on the metal. The analysts are saying funds are very underweight gold and will likely continue buying. They also said that gold is being purchased and accumulated as an alternative to the dollar. Investors would prefer to hold gold as a hard currency rather than fiat money. This seems to be the principal driver of the precious metals market. Patrick Donnelly, a broker with Peak Trading said there also seems to be a fear of inflation trade coming back into the metals markets.

It is clear to most analysts that the tremendous escalation of money supply will result in a devalued dollar. You can't print up as much money and run the size of debt that this country is doing without having a currency crisis. Given those factors, gold appears to be an outstanding choice. Moreover, hard money tends to protect and preserve purchasing power, while fiat erodes it.

These are among the many reasons why funds and other sophisticated investors are in the process of accumulating gold to diversify their holdings. Individual investors should be doing the same. While demand seems to be increasing at a rapid rate, supply is declining. Mine supply of gold has been declining for ten years and there is little prospect of increasing production due to the complexities of finding and developing mining properties. In addition, central bank sales, which had previously helped to make up the difference between the supply and demand, have been evaporating. Central banks prefer to hold gold to dollars.

While gold failed at its attempt to push through the resistance at $975, it nevertheless has been holding in a higher trading range, between $960 and $975. It may take a few more days, or weeks even to move above that level. However, as we move into September and October it is likely that gold will break out on the upside. Therefore, it presents an excellent opportunity for investors at these levels. A Scotia Mocatta technical analyst said that today is a rest day for gold, but it still looks likely to extend its rally.

They are looking for gold to retest $990.

Take advantage of this opportunity to accumulate gold and silver assets while they are still bargain priced. The kind of demand that is likely to enter this market on a burst of inflation could drive gold dramatically higher. Some analysts are forecasting that we may see gold in the $1,200 to $1,300 range early next year. Don't miss out on a profit opportunity of that magnitude. A move from where we are at today to $1,200 would represent a 24% increase.

Call Goldline today at 1-877-341-2646 for assistance in getting started. Be sure to also ask Goldline to explain their Price Guarantee Program and the details of putting gold and silver in IRA and 401(k) rollover accounts. You may also wish to receive the free information package, which contains excellent information on gold and shows technical evidence for Graham Summers opinion that gold could hit $1,300 as early as this year. Call Goldline at 1-877-341-2646.

If you would like to take advantage of the Price Guarantee Program, which provides you with a two-week window of opportunity in which to re-price your order in the event of a correction, you must select assets with some collectible value such as 20 Francs, Double Eagles and Silver Dollars. Call Goldline at 1-877-341-2646 for further information on the Price Guarantee Program.

To receive the free information package including articles on the dollar, the economy and gold, call Goldline at 1-877-341-2646. Goldline also provides several other helpful articles. There are a number of other independent third-party source articles that you will find extremely helpful and informative. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure Booklet. Read these carefully before you make a purchase. Call Goldline at 1-877-341-2646 now to receive your free information package.