GOLD AND SILVER BULLISH

by Joe Battaglia | September 15, 2009

Gold traded in a $10 range overnight and has opened lower in New York. However, it is recovering quickly and is down only $2 in early trading. Silver has turned the corner and is up a dime. The dollar is up 19 basis points, which means that gold is doing a wonderful job. Gold is getting some support from the oil market, which is up $1.10 at $69.95 a barrel. The equity market is lower with the Dow down 10 points.

Technical analysis indicates that gold and silver are both quite bullish. The upside looks terrific with many analysts forecasting gold to move into the $1,100 to $1,300 range before year-end. On the downside, Standard Bank thinks that gold will not dip below $985. Therefore, the risk to reward ratio benefits those who acquire precious metals at these levels. Analysts also say that silver looks very well supported at these levels. There is a lot of demand for silver and supplies are thin. Technical analyst Axel Rudolph told Dow Jones Wire Service that, "December gold futures should soon reach the February $1,015 a troy ounce peak, and once this is breached, head towards the $1,028 July high."

Standard and Poor's Global Investment Policy Committee said last week, "After falling to $700 in early November 2008, the price of gold is now retesting the $1,000 level. Should prices break strongly above the $1,000 an ounce area, we think prices could rise to the $1,200 to $1,500 an ounce (range) over the next nine to 12 months." The important part of the Standard and Poor's analysts' comments is that they do not sell gold or silver; they simply provide investment information and advice to the markets. Consequently, many are paying very close attention to comments such as these from respected market analysts. You should also be aware of the fact that the money market mutual fund guarantee program that the government put in place expires this week.

Call Goldline at 1-877-341-2646. They will be happy to assist you in your gold and silver needs. In addition, they will provide you with a free information package, which is really wonderful. It contains a free CD, several articles about the dollar and precious metals from major banks and brokerage firms and if you ask for them you can receive absolutely free two books that have a retail value of almost $1,100. They are the GFMS Gold Survey 2009 and Silver Survey 2009. The information contained in these books is priceless and comes from one of the most authoritative sources in the industry. Call Goldline now at 1-877-341-2646 for your free copies of these two books.

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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