
CORRECTIONS AND CONSOLIDATION PART OF BULL MARKET
The correction in gold and silver continued today, with the market indicating gold will test the $880 to $900 level before it turns around to any significant degree. Nevertheless, most analysts believe this is a clear buying zone for gold and silver. The factors that have been propelling a bull market upward for the past eight years not only remain in place, but also are actually becoming more supportive for the precious metals markets.
The government announced today that it is about to institute the TALF program and will begin making loans against collateralized mortgage obligations and other collateralized debt obligations this week. Their program will only affect new derivatives that are packaged now. They will include student loans, credit card and commercial real estate obligations in addition to traditional home mortgages. This provided a lot of enthusiasm to the equity market. A number of analysts are saying the stock market has found a bottom and should turn around. Based on the optimistic prognostications the Dow is up 50 points at 6,814. Oil is up $1.72 at $41.86 a barrel, but the dollar is down 26 basis points at 88.68. Gold is trading down $24 and silver is down $.45.
Some of the dip in the gold market this morning is due to forced liquidations to cover losses in the equities after a huge 300-point drop yesterday. Several analysts told the Dow Jones Wire Service that margin calls in the equity market are the principal factor producing today's correction. In spite of the correction, most analysts see gold moving back up to challenge $1,000 in the not too distant future. Once the weaker holders of precious metals are squeezed out of the market, it will have formed a base and from that base it will be able to again launch an attack to the $1,000 level. Investors should remember, "Rome was not built in a day." Markets have to go through these periods of rallies, then corrections and consolidations, and then new rallies. That is simply the way bull markets operate.
If you look at the performance of this bull market over the past eight years, you will see that this is precisely the pattern that has been in place. Therefore, investors can utilize this as a great buying opportunity to acquire precious metal assets. This is also where Goldline's Price Guarantee Program is of great assistance. Those who utilize that program have a two-week window of opportunity to re-price their transaction and obtain more gold or silver for their money in the event of a correction. All investors should ask Goldline about this special offer or in the alternative ask about free shipping. Call Goldline at 1-877-341-2646 for more information on getting started with gold and silver.
You should also ask for the free information package. It is very helpful for investors to understand what the major market analysts and economists around the world are thinking, and to utilize some of the information that is available to assist yourself in making better investing decisions. Those who have been getting this information and following the recommendations and advice of these prominent experts have benefited considerably. Many of them have avoided stock market and mutual fund loss and some have benefited greatly by the rising price of precious metals. To receive the free information package, call 1-877-341-2646.
Tell the folks at Goldline that Joe said to call and you can receive a free CD interview with Frank Barbera and a free Advisor Newsletter. The Newsletter has a $99 a year face value and you get a copy for free. Moreover, Frank Barbera is a very smart man who charges for his advice. You get to hear his observations and forecast for the year for free. He talks about the economy, the stock market, the precious metals market, and the dollar. These are all very helpful information pieces that you can utilize to your benefit if you call Goldline now 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..."


