GOLD ADVANCES SLOWLY AND STEADILY

by Joe Battaglia | July 23, 2009

Gold and silver are slightly lower, which is constructive, given the fact that the dollar is up 21 basis points and oil is down $.40. The fact that silver is trading down $.01 and gold is down $2 is a positive performance under those circumstances. One analyst told the Dow Jones Wire Service that gold is marking time over the summer doldrums months. Ira Epstein, the director of the Linn Group said they had expected a decline going into the summer months, which is what we have had. There may be one more pull-back before the market sets itself up for the year-end rally, which would carry gold to higher levels. Demand typically picks up in August, and stimulus spending in the U.S. should begin to take hold. We could see gold make a substantial move as we move towards the fall. Bank of America/Merrill Lynch is continuing to forecast gold above $1,000 by October.

One analyst commented that they believe gold has now entered a new trading range between $940 and $970. That would be just fine if he is correct. Standard Chartered Bank, one of the major players in the precious metals sector, said they expect the dollar to continue to weaken. They further said they think the gold price will rise to around $1,050 in the fourth quarter.

In my view, the best thing about the gold market that we have seen over the past nine years is that it has advanced slowly and steadily. It hasn't been a flash-in-the-pan market, but rather one that has been building continuously over time.

To get started with gold, call Goldline at 1-877-341-2646. Ask about putting gold and silver into IRA accounts or 401(k) rollover accounts. Be sure to ask for the free information package. We are constantly putting new information in that package to assist you. Currently, we have articles that discuss China's movement out of dollars and into gold, along with information on China's demands for a new global reserve currency, calls for formal devaluation of the dollar, price forecast for precious metals and other information that you will find helpful and informative. In addition, you will receive a free copy of the American Advisor Newsletter, which contains an article about China and its gold purchases written by Phillip Klapwijk of GFMS. Call Goldline now at 1-877-341-2646 to get the free newsletter and the free information package.

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 needs and objectives. Those 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 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 a purchase. 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.

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