
DOLLAR PRESSURES MARKETS
All commodities, including the precious metals are down heavily this morning. Gold is down $14, silver down $.27. The metals feeling pressure from a very strong rebound in the dollar, which is up 50 basis points at 81.63. Oil is down $1.50 and the Dow Industrials are down 84 points.
The situation in Greece is again the key factor driving these markets and pushing money out of euros and into dollars. The head of the IMF said that the upward revision in Greece's budget deficit isn't welcome. However, it does provide some clarity on the steps the government will have to take. They had a budget gap of 13.6% of GDP last year, and the estimate for this year is higher than the 12.7% projection. Moreover, their cost of financing their debt jumped aggressively. I believe they paid almost 10% on two-year notes. Their ten-year notes yielded almost 7%. These are the factors that put the euro under pressure along with all commodities. Making matters worse is the fact that Portugal and Spain are close behind Greece in terms of their problems.
However, analysts view the gold market as constructive. The Dow Jones Wire Service said: "With almost daily fluctuations and risk tolerance among investors and the ups and downs in the gold price, the metal remains relatively range bound. But prices are still at historically elevated levels above the $1,100 an ounce." The World Gold Council said that investment activity in the precious metals, particularly gold has been constructive. They said their survey's with investors during the first quarter showed that 42% plan to increase their exposure to gold, 35% look to maintain it, while only 7% plan to reduce the size of their position.
Those investors, who have been utilizing Goldline's Price Guarantee Program over the past two weeks, have been well protected against these corrective processes. If your Price Guarantee Program time limit is running out, be sure that you re-price your order while you still have the opportunity to do so. Those who have yet to acquire precious metals or who are looking to add to their holdings should give consideration to doing so on this corrective move. Buying the dip in a long-term bull market has been a smart strategy. To get started today, call Goldline at 1-877-341-2646.
March existing home sales were up slightly more than expected, climbing 6.8% to a 5.35 million annual rate. Housing inventories also rose by 1.5%, representing an eight-month supply, which is also an improvement. Much of this came from first time homebuyers, who purchased 44% of all homes in March due to the tax credit program that the government had available. There are also some signals that perhaps the economy on a global basis is improving. If that is the case, then we should start to see some inflationary pressures emerging in the economy here at home.
Overseas in Asia and elsewhere they are already seeing inflationary pressures increasing. Once again, in the longer term this is a bullish situation for the metals and other commodities. Food prices rose by 2.4% in March, which was the sharpest increase since 1984. Fresh and dry vegetable prices jumped 49.3%. The Producer Price index rose 0.7%. These statistics are indicative of higher inflation ahead for us at home.
To learn more about these factors and to receive the free information package along with several articles that provide analysis of the gold market, call Goldline today at 1-877-341-2646. Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver products that are available 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, 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 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 on gold investing call Goldline at 1-877-341-2646. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure Booklet, read these carefully before you make a purchase. Call Goldline at 1-877-341-2646 now to receive your free gold investors package.


- 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..."









