
GOLD & SILVER STEADY - DOLLAR SOARS
A stronger dollar, up 51 basis points to 80.94 on the index has put some pressure on gold, which is trading down about $4. That is actually a good performance given the strength of the dollar. Silver is unchanged, which is excellent. The equities are higher, with the Dow up 40 points and oil is up $.46 at $80.12 a barrel. With oil at these levels we are nearly certain to see some increase in the rate of inflation.
In Europe they are working very hard to try to work out a bailout for Greece. At this point it is uncertain how that will turn out. However, that is the reason the euro is weaker, the dollar is stronger and gold has corrected a bit. Nevertheless, the strength in the metals markets in general is excellent. As inflation picks up analysts believe it will be beneficial to the precious metal complex. The dollar also gained this morning as a result of problems in Great Britain. There is uncertainty over the UK elections and there are many who worry that the British pound could be in serious trouble and require devaluation. That could be a significant factor for all of the markets, particularly the metals.
Newmont Mining's Chief Executive Officer Richard O'Brien said this morning that the easy monetary policy in the U.S. and elsewhere will support gold prices. Dow Jones Wire Service reported that managed funds increased their long positions in gold and silver last week, which is a positive indicator for the metals. Bloomberg reported analyst Charles Morris of HSBC said gold may reach $5,000 in five years. HSBC looks for $1,300 an ounce this year.
If you would like to follow the lead of managed funds, you should call Goldline at 1-877-341-2646 and ask them to assist you getting started with gold or adding to your holdings, whichever may be appropriate. Ask them about their Price Guarantee Program, which is an excellent feature and benefit that only Goldline offers, which you may find very helpful. In addition, be sure you ask them for the free information package, which contains excellent information on a variety of mattes including forecasts for precious metals, the dollar and a number of articles that discuss the reasons why the dollar is likely to continue to decline benefiting the gold market. Call Goldline at 1-877-341-2646 to receive the free information.
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..."









