
DOLLAR RISES - METALS STEADY
Gold pulled back a little this morning in reaction to a stronger dollar and expectations that China might tighten monetary policy. An early indicator out of China is that they are gradually raising interest rates and that was causing their currency to rise versus the dollar and other currencies. Some say China may revalue the yuan by 10%. The higher dollar weighed on commodities in general and Charles Nedoss commented,"You are starting to hear some talk about China reining in lending." In addition, the dollar got a further boost from comments from Japan's Finance Minister who said he wants to see a softer Japanese yen. There may also have been some selling in advance of tomorrow's jobs report. There is an expectation that there will be a significant improvement in that report. However, a good deal of the improvement if any will come from the huge number of workers being hired by the Federal government for the census, additional Homeland Security personnel and seasonal adjustments. In other words, that report could be overrated.
Yesterday, France's President, Nicholas Sarkozy, called for an end to the dollar as the world's only reserve currency. They now have joined China, Brazil, India, and Russia calling for a new global reserve currency.
In early trading, gold is down about $5 but silver has moved slightly into positive territory after being lower earlier. With a significant number of analysts forecasting that gold will continue to advance at least through the first half of this year and perhaps reach $1,400 or $1,500 an ounce during that time period it makes sense to be accumulating gold on every dip or correction. With the dollar up 34 basis points and oil down $.40, this presents an excellent opportunity this morning to accumulate precious metals while they remain at bargain price levels. In spite of the slight correction, gold is holding nicely above support and looks like it is set to challenge overhead resistance. A challenge was made this morning with gold reaching $1,139.50 before easing back.
Dow Jones Wire Service technical analyst Francis Bray said that he expects gold to test resistance at $1,142 - $1,150. A breakout above those levels will carry into the $1,151.50 resistance area. Many analysts believe that resistance will be taken out and the next target will be the previous record high above $1,200. In short, it looks as though gold is an excellent buy at these levels. There continues to be strong demand from managed funds and for physical gold from Asia and other parts of the world. Moreover, with the equity market showing some softness, down 49 points on the Dow, gold is a clear alternative asset and it is the best form of money. Gold has proven its ability to maintain and preserve wealth and purchasing power over lengthy periods of time.
Those who would like to take advantage of the buying opportunity but wish to be protected against any further correction over a period of two weeks should ask Goldline for the details of the Price Guarantee Program, which provides ten business days of opportunity to re-price your transaction in the event of a correction. With James Moore of the Bullion Desk saying that gold has a good chance of challenging $1,170 and possibly $1,200 in the near term, it would make sense to utilize the pull back as a great buying opportunity. Call Goldline at 1-877-341-2646 today for assistance getting started. Be sure you also ask for the free information package, which will include a free copy of the American Advisor Newsletter. That newsletter features an article by the award winning Philip Klapwijk. Klapwijk was recently distinguished as the analyst with the best price forecast for 2009. You should read what he has to say about these markets. In addition, you can read comments from Philip Roth of Miller Tabak. Roth says that gold could double in the next five to 10 years. Read his analysis to gain further understanding of the dynamics driving gold at this point. Call Goldline 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. 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 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 information 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..."









