
DOLLAR UP AHEAD OF G20 MEETING
The precious metals are lower this morning in direct reaction to a drop in the euro. The fall of the euro made the dollar rise 84 basis points to 85 on the dollar index. Weakness in oil also contributed to pressure on the metals, as oil is down $2.50 at $51.84 a barrel. In the metals markets, gold is down $15 and silver down $.34. The equity market isn't fairing any better as the Dow is down 143 points.
Gold often moves in tandem with the euro and inversely with the dollar because gold is seen as an alternative to the dollar. I think the dollar rally relates primarily to the upcoming G20 meeting and the encouragement to the global markets that was engendered as a result of the new regulatory proposals that were put out by Treasury Secretary Geithner yesterday. In addition, dollar selling seems to have abated after German officials warned that if the group of E.U. nations does not stick to its goal of keeping budget deficits under 3% of GDP, the single currency would sustain some additional hits. The Germans are particularly sensitive to rising inflation, as they have experienced hyperinflation. Another factor is the G20 meeting is next week. A number of traders just simply wanted to square up positions ahead of that meeting because there could be some volatility next week, so those with profits may have wished to lock those profits in ahead of the weekend to avoid any risk from the G20 situation.
One analyst told the Dow Jones Wire Service that so long as this week's lows are not breached, gold is set to move higher again next week. At this point it looks like those lows are secure. The other factor influencing the markets today is that the metals market is somewhat illiquid. Since market conditions are thin, even small trades will cause price movement. Trading activity is extremely light this morning. Consequently, one would not look at any kind of market action today as being significant.
Given the overall performance of the market and the geopolitical and economic events that drive gold, I think gold continues to be a buying opportunity. It is clearly still within its longer-term trading range of the past several months. While it is in this consolidation phase, it is a buying opportunity. This is an investor's opportunity to accumulate or add to positions at bargain prices.
Call Goldline today at 1-877-341-2646 and ask them for assistance in getting started or adding to your holdings. Some may wish to consider utilizing Goldline's Price Guarantee Program, which provides a two-week window of opportunity to re-price your order in the event of a correction. With the markets showing some volatility that is an excellent tool. Check to see if it is available on your transactions. Call Goldline today at 1-877-341-2646.
In addition, everyone should ask for the free information package. In that package we have three new articles discussing the new world currency and the proposals by China, Russia, the United Nations, a special commission, and other countries to ditch the dollar as the world's reserve currency. If this comes to pass, it will have extraordinary implications for all of us here in America. Such an event jeopardizes not only the U.S. economic system, but also our nation's security. In addition, we are including a new article quoting Pierre Lassonde (a very prominent analyst) talking about the Dow Industrials and gold. Lastly, we have another new article from Forbes.com entitled "Cue the Helicopters, Dollar Devaluation Is Here." This will affect every single American and should be read by everyone whether you're an investor or not. If you tell the folks at Goldline "Joe said to call," you will get the free CD interview I did with Frank Barbera and a free copy of the American Advisor Newsletter, a $25 value. Call Goldline now at 1-877-341-2646 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. 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.
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..."


