GOLD AND SILVER UP - DOLLAR DOWN

Gold and silver are up again, with gold posting a $6.50 gain and silver up $.22. It seems pretty clear that the metals are going to close out the week above $950 on gold. That would be a very bullish indicator for next week. The dollar continues to be very weak, falling below 80 this morning, trading down 58 basis points at 79.99. The dollar below 80 would signal a move down to perhaps the 70 to 72 level, which would be enough to carry gold to a new all time record high in the opinion of many.

Many are now looking at the problems with regard to massive expansion of money supply and the printing of money in extraordinary amounts. This is a factor that is expected to cause a dramatic decline in the dollar and a consequential dramatic increase in inflation pressures. We are starting to see that now in the bond market as well as in the precious metals. Interest rates are beginning to rise, credit spreads are widening, and many are talking about the U.S. dollar losing its AAA credit rating. This is now a hot topic of conversation. I have been warning people of this for more than a year. If the U.S. government debt loses its AAA credit rating, the dollar will fall substantially. S&P issued a credit downgrade warning to Britian.

If you look at some of the articles that are appearing, particularly in the New York Times and elsewhere, China is aggressively moving away from dollars. Yesterday, we had word that Russia is no longer using the dollar as a reserve currency. Moreover, China has been substantially reducing its holdings of long-term U.S. government bonds and agency debt. They have shifted their money into short-term treasury instruments of one year or less so they have the flexibility to move out of those assets as the dollar falls. This is again, a very negative signal for the dollar.

As borrowing costs rise due to these factors, we will see bigger deficits because of the higher cost of interest payments. Dow Jones Wire Service reported today, "Gold prices could rise significantly due to inflation and the U.S. dollar, says Morgan Stanley." Says with rising nominal risk to prices and currencies, gold's real value should lead to increased demand for the yellow metal. Adds despite growing optimism over the global economy and waning fears over a global financial collapse, "we see growing upside risk to our $1,000 average price forecast for calendar 2009." What they are saying here is they think their $1,000 average price forecast for the year is too low. For us to have an average price of $1,000 we would probably have to see gold in the $1,100 plus range. Therefore, this is an extremely bullish report from Morgan Stanley.

This should be plenty of reason to call Goldline at 1-877-341-2646 to acquire some gold or if you are underweight to add to your positions. Do not hesitate. Call Goldline now at 1-877-341-2646. Ask for the free information package, which contains a number of forecasts from major banks and brokers, along with information on the development of a new global currency and the potential for formal devaluation of the U.S. dollar. Call Goldline now at 1-877-341-2646.

Contact Goldline and ask them 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.