DOLLAR HAS HUGE DROP

Gold and silver are both up aggressively again this morning. Gold trading up $11.00 while silver is up $.24. Both of these metals are showing exceptional strength largely in reaction to a huge drip in the dollar. The dollar is down 1.89 at $76.09 on the index. That is an enormous decline in the dollar. Oil is up $1.86 at $73.63 largely in reaction to the dollar. The Dow Jones wire service reports that managed accounts held their net long positions in silver and gold. This suggests that they are anticipating considerably higher price levels. The British pound is also weakening which further impacts the dollar and helps gold to be higher. The volume is light today due to a variety of holidays around the globe.

The action in both the dollar and gold suggests that the gold bull market is set to continue with much higher prices likely in the near term. Analysts have said that once gold decisively breaks above $1050, which it has, that the next target would be $1075. A break above that would carry gold to $1100 pretty easily. Last week we saw a number of analysts indicate that they see $1100-1200 by year-end. Some analysts say that we could see $1100 in a matter of a few weeks. Given these forecasts from firms such as Sterling Smith who is forecasting the next resistance at $1075, Barclays Cap. Forecasts $1500, Ross Norman forecasting $1250 by year-end. Afshin Nabavi head of trading and physical sales at MKS told Dow Jones wire that he expects gold to trade up to "between $1200 and $1300." Look also to the forecasts from Merrill Lynch and others who are forecasting gold in the $1100-$1200 range. Last week Bank of America-Merrill Lynch said that investors should stay defensive and are "recommending a defensive posture favoring gold." Noted investor, Jim Rogers forecasting that gold will hit $2,000 within the decade. The Telegraph newspaper out of the UK said "you can date the end of the dollar hegemony from China's decision last month to sell its first batch of sovereign bonds in Chinese Yuan to foreigners." This is a move, as I said a week or so ago, that is likely to lead to the Chinese currency becoming a reserve currency.

All of this is very negative for the US dollar and very bullish for gold. One Chinese analyst even said that gold may become the interim currency as the world moves away from the dollar as the reserve currency. Market Watch had an article in which they quoted the Adens Report, "the focus now is on the next phase of the current rise. If we continue to use proportions, the bull market's 2nd rise from 1976-1980 gained 750%. Using the same growth and applying it to the current bull market, we can see gold eventually reaching $4100 during the next run up. And if you take the entire bull market gain in the 1970s at 2300% and extrapolate, then $5800 would be the equivalent upside target."

Whether these extraordinary targets will be reached remains to be seen. However, it is clear that analysts see gold moving dramatically upward from these levels. Therefore, gold presents an excellent buying opportunity at these price levels. Call now to get started with gold at 1-877-341-2646. Also ask for the free information package, which contains many of the articles that we have been referring to. Call 1-877-341-2646.

Given all of these forecasts and the weakness of the dollar, it is responsible to consider diversifying your holdings with gold and silver assets. Gold's performance has been spectacular, the prospects are outstanding and the need to preserve wealth and purchasing power is certainly at hand. Call Goldline now to get started with gold at 1-877-341-2646. Also, be sure you ask for the free information package, which contains outstanding articles that you will find very helpful and informative, including information on the movement towards a new global reserve currency to replace the dollar. Call Goldline at1-877-341-2646.

Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver products 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, Swiss 20 Francs, Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars. However, the Price Guarantee Program is not available with these assets.

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