
CORRECTION PROVIDES EXCELLENT BUYING OPPORTUNITY
The metals markets are in the process of testing the resolve of the bulls. Gold has fallen again today quite heavily, down $16 in early trading and breaking below the $950 support level. If gold manages to rally and find support at $950, it would be a good sign. However, if it does not, it is likely to pull back to $925, where it still remains strong and in a powerful bull market. Even if gold were to fall back into the $900 range, it would still be a very bullish market according to the latest report from the Aden Sisters, who do excellent technical work. Silver is experiencing the same kind of corrective pull back, down $.53. Platinum and palladium are reacting more strongly, with Platinum down $45. Most of this is in relation to the dollar, which reached a high of 81.47 on the index. It has since given back some of those gains, but is still up 30 basis points at 80.97. Oil is managing to hang on, down only $.09 at $68.35. The Dow Industrials however, are also down 105 points.
Technical analyst John Reade of UBS Bank said the gold market is overly long and needs to shake out some of those longs before it can make the move up to $1,000 an ounce. For the moment, analysts are looking for a retest of the $935 support, which may be enough to shake out the weaker holders of gold and enable it to move into hands that could take the market higher. James Moore said, "Investors are likely to be keen bargain hunters as they hedge themselves against inflationary/fiscal devaluing efforts of quantitative easing." The Dow Jones Wire Service said, "Most analysts remain bullish on precious metals from a long-term prospective, regardless of the occasional bout of liquidation on Comex." Barclay's Capital said the $935 level "should prove formidable support." They also stated that a break of $935 would open the way to $899, $867. Medium term remains technically bullish, secular up-trend targets $1,200 level.
Given the technical and fundamental observations of the various analysts, gold would appear to be an excellent buying opportunity on this correction. Remember corrections in bull markets tend to be dramatic and have the purpose of shaking out weaker holders. Therefore, when you see an opportunity to take advantage of a corrective move, investors should be doing so.
I recommend that you call Goldline at 1-877-341-2646 for assistance getting started. Some of you may wish to utilize Goldline's Price Guarantee Program. This program provides you with a two-week window of opportunity to re-price your order in the event of a further correction. Consequently, it enables investors to invest with greater confidence. Ask Goldline about putting gold in an IRA account or a 401(k) rollover account. You should also ask for the free information package. In that information package, you will find outstanding articles discussing the potential for gold to rise above $1,000 an ounce. There are also articles that discuss the demand by many countries for a new global reserve currency to replace the dollar and the potential for formal devaluation of the dollar. All of this is very important information for all investors. Therefore, I strongly recommend that you call Goldline at 1-877-341-2646 and ask for the free information package.
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.
†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..."


