GOLD IN BARGAIN BUYING ZONE

Gold and silver started the day in positive territory, as the dollar was as low as 80.34 on the dollar index. However, the dollar has rebounded to near unchanged and gold is down $.70 and silver is down $.04.

On the economic front, consumer prices rose less than expected in May with the CPI up 0.1% on a seasonally adjusted basis, which was below expectations. Excluding food and energy costs, core prices also were up 0.1%. However, gasoline prices rose 9.6%, which puts a crimp on the consumer.

Sterling Smith, a market analyst, told Dow Jones Wire Service that gold is consolidating, which could be a sign that it is attempting to put in a bottom. They also commented that worries that California's financial problems might be exerting some pressure on stocks and bonds and could initially pressure gold if traders sell everything and move to treasuries. However, problems in California could ultimately be bullish for gold, according to Smith. All in all, most traders expect a few days of quiet trading with little direction being established. For the time being, gold appears to be tracking the dollar and may continue to do so until some further catalyst influences the market.

Comments from the BRIC countries at their summit in Russia about the need to reduce the dollars role as the world's reserve currency should be positive for gold over the longer term. Of special importance is the statement by Russia that gold should be a component of a new global currency. That is why many expect the current theme of "dip buying" to continue as investors look to offset long-term inflation fears, while recent comments have brought the role of the dollar as a reserve asset into question, potentially increasing the appetite for gold, according to James Moore analyst out of London. Others comment that gold will find good support from bargain buying. As I have said repeatedly, Larry Jeddeloh, who should be given a great deal of credibility, said their firm is a buyer between $910 and $950. Gold is clearly within that buying zone and should be accumulated.

Call Goldline today at 1-877-341-2646 for assistance in getting started or in adding to your holdings if you are underweight. Also ask for the free information package, which contains articles that discuss the calls by China, Russia, and others to develop a new global world currency to replace the dollar. They are also concerned about the buying power of the dollar falling dramatically as a result of the massive amounts of spending our government is doing and the deficits and debt that is being accumulated. All of this is very bearish for the dollar and bullish for gold. Read these articles carefully and listen to the CD interview with Frank Barbera. You will get some new in sights into precious metals in particular.

There are also articles in the free information package that discuss the potential for formal devaluation of the dollar. You can learn from these articles who will benefit and who will lose, the assets that will rise and those that will fall in a devaluation. You will also receive articles that provide quotes as to market forecasts for gold. You will see that a number of prominent banks are forecasting gold to rise to $1,200 an ounce this year. The information is helpful for those considering gold Call Goldline now at 1-877-341-2646.

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.