
CELEBRATING MARTIN LUTHER KING
Happy Martin Luther King Day. Because of the activity in the markets and the need for so many people to diversify into precious metals, many of the representatives at Goldline are in the office available to assist you to take your calls and to provide you with free information today. I will also be doing all of my radio broadcasts on a live basis as I normally do.
The New York markets are closed for Martin Luther King Day. The European markets and the electronic access market are both open today. At the moment, gold is trading down $5 and silver is down $.09. Platinum and palladium are both higher. The dollar is up 28 basis points at 84.72 and oil is down $1.51 at $35 a barrel. However, the markets are thinly traded and one should not make much of the markets today because of the fact that the larger futures markets are closed.
In electronic trading, gold reached a high of $846.30 this morning, where it encountered resistance and began to sell back. On the other hand, it seems to have good support in the $830 to $836 range. The story for silver is similar with it trading in a new range between support and resistance, but showing firmness. Once the markets reopen for normal trading I suspect the metals will test both support and resistance in an effort to determine whether the market can break out in either direction. However, the trading action has been excellent and the performance of the metals during a period of technical correction has been solid.
I continue to believe the problems facing the country and the world are not going to go away anytime soon. That seems to be the consensus view. Given the fact there are so many economic and geopolitical problems we should be prepared for any kind of eventuality. In this environment it makes a great deal of sense to have some diversification into gold. For example, just at the time when we all thought tensions between North and South Korea were abating, there has been a major escalation where North Korea's military has announced that they have perfected the weaponization of plutonium. Obviously, they have several nuclear weapons and South Korea is becoming very agitated over this. The war of words has begun and who knows whether that could lead to further problems. Certainly, many are concerned about this development. Conflicts in the Middle East and Afghanistan are continuing and these too could escalate at a moments notice.
On the economic front, the economy is extremely weak, the banks are in severe straits and the proposals for stimulating the economy and bailing out the financial sector seem not to be very effective or practical. With so much uncertainty, investors have been turning in increasing numbers to gold as a safe haven or refuge from these problems. No one wants to wake up one morning to find their dollar has been formally devaluated or that a war of consequence has begun or that another major financial institution has capsized.
With so many problems of this magnitude owning a diversified position in precious metals is sensible. If you would like to begin diversifying your portfolio with precious metals or add to your holding, call Goldline today at 1-877-341-2646. Because of the holiday many of you may have more time to sit down and have a more thorough discussion with one of Goldline's Account Executives. This is a great day for doing so. Ask the folks at Goldline about 2009 American Eagle First Strike coins certified mint state 69 or perhaps about Austrian 20 Francs or other assets that may serve to protect and preserve your wealth over time.
Ask also for the free information package. You will find it is very helpful and informative. We have included a number of articles that discuss the potential for further crisis in the financial system along with articles discussing the potential for formal devaluation of the dollar and analyst estimates of where the precious metals may be going over the coming year. All of this information is easy to understand and helpful. There is also an excellent article that discusses the most common mistakes that investors make. I think everyone would benefit from reading that. If you would like to receive a free CD interview with Peter Grandich, Goldline would be happy to send that to you. You should listen to what Grandich has to say. His forecasts have been solid and you will find the CD easy to listen to and easy to understand. Call Goldline at 1-877-341-2646.
Investors should contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver investments that are available. Select those that best meet your own personal and individual investing needs and objectives. Investors looking for low transaction costs may wish to consider bullion assets such as American Eagles, Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars. However, the Price Guarantee Program is not available with these assets.
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 and how you may be able to receive free coins.
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 an investment. Call Goldline at 1-877-341-2646 now to receive your free information package.
†This material has been prepared for private use. Although the information in this commentary has been obtained from sources believed to be reliable, Goldline does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.
You should review Goldine's Account Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline has a spread or price difference between our selling price, called the "ask", and our buy-back price, called the "bid". That spread varies depending on coin or bar you acquire. Spreads on 1 oz bullion coins, 90% silver dimes and quarters, and one ounce and larger bullion bars are 13%. All other coins have a spread of 28%. There is also a 1% liquidation fee when you sell your coins back to Goldline. The market must go up enough to overcome this spread before an actual profit is achieved. Precious metals and rare coins can increase or decrease in value. Past performance does not guarantee future results. Coins are a long-term, three- to five-year, preferably five- to ten-year investment. We believe precious metals are suitable for 5% to 20% of the average investment portfolio though others may recommend a different percentage.
To receive free information package on gold and precious metals investing, call Goldline at 1-877-376-2643.

- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."


