CHINA CONCERNED ABOUT U.S. DOLLAR

Gold and silver are both higher this morning, with gold up nearly $3 and silver up $.10.  The dollar is weak again, down 28 basis points at 78.89 and oil is seeing some profit taking, down $.85 at $67.63 a barrel.

CNBC reported today that China is very concerned about the U.S. dollar and they were questioning Treasury Secretary Geithner about that. CNBC actually made reference to the calls for a new reserve currency. Geithner said he reassured the Chinese that the U.S. government will take steps to keep the dollar a viable reserve currency. However, his remarks seemed to be rather disingenuous. The June 8th issue of Business Week Magazine ran an article entitled "China's Doubts About The Dollar." Clearly, China and many other countries are concerned about the viability of the dollar as a reserve currency given the enormous amount of deficit spending and debt that is being accumulated by our country. Sooner or later that has to have a major negative impact on the value of the dollar and is likely to cause gold to make a major more to the upside.

Mitsubishi Bank says they remain bullish on gold over the median term. They said, "The current trend is too ferocious to stand against." They indicated that $1,000 an ounce seems inevitable, but they expect some significant resistance above that level. The fact that some of the banks and traders are cautious about the prospects above $1,000 is actually a very good sign. They are worried that inflation risk hasn't emerged yet. However, I wouldn't expect inflation pressures to emerge until the economy starts to show more signs of bottoming out. Nevertheless, we see those signs reflected in rising yields on the long bonds and in rising precious metal prices. We also see it in oil prices rocketing upward once again.

Smart investors always act in anticipation. You cannot wait until the event occurs to acquire the asset. By that time it is almost always too late. Gold looks set to reach the $1,000 level within the next week or so. Once it does, I think $1,006 is a near certainty and there is clear potential gold could move to $1,035 or above within the next 60 days or so. However, at some point we will see some resistance, some correction and some consolidation of the gains. The ideal situation would be to move above $1,000 and trade between $1,000 and $1,035 before breaking out on the upside to $1,050. Time will tell if this pattern develops. In fact, we could even see a move into the $1,000 plus range and then a pull back into the $980 to $990 zone before another major up leg begins. However, as the Aden Sisters have said, the cycle that we are in now tends to be the strongest in a bull market. Therefore, any surprises are likely to be on the upside.

The country's third largest life insurance company revealed that it has been buying gold for the first time in its 152-year history. They said gold could rise five fold. That would be $5,000 gold!

Call Goldline at 1-877-342-2646 and ask for the free information package. In that package we have a series of articles including one reporting that Northwestern Mutual, the third largest U.S. life insurer, has for the first time in 152 years of its existence, purchased a large amount of gold to hedge against further asset declines. That article is an absolute must-read for every person. If owning gold is appropriate for a major insurance company, it should be appropriate for individuals as well. In the article they said they have stocks in their portfolio that lost 95%. They said gold will not do that. They said the downside risk in gold is limited, but the upside potential is large. Read these articles including the articles talking about the development of a new global reserve currency and the potential for devaluation of the dollar and you will come to the conclusion that perhaps it would be wise for you to own some gold. The articles will also help you make decisions with regard to other assets in your portfolio. Call Goldline now at 1-877-341-2646 and ask for your free information package.

Investors should own gold at this time. I strongly recommend that you do so without delay. Call Goldline at 1-877-341-2646 and have them explain the various assets that are available to you and provide you assistance in getting started with your gold investing needs. You should also consider whether your have an adequate amount of gold to protect the other assets in your portfolio.If you do not, then you may wish to add to your holdings at this time. 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 to you. 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, Swiss 20 Francs, 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.

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.