GOLD BREAKS THROUGH $1,100 AN OUNCE

Gold broke through $1,100 an ounce this morning, reaching $1,101.90 per ounce on the December contract. That puts spot above $1,100 as well. Currently gold is trading up about $9 at $1,098. The dollar is unchanged at 75.73, oil is down $.96 and the Dow Industrials have recovered from a pre-market loss to a 27-point gain. Silver is also performing well, up $.15, but about a dime off of its high. Gold rose above $1,100 in reaction to the dollar turning weaker.

Gold rallied in spite of some worse than expected U.S. jobs data, which analysts had expected would dampen risk exposure, strengthen the dollar and drag gold lower. However, that was not to be the case as gold jumped higher clearing the $1,100 level where there were significant call options with strikes at that price on Comex gold futures. Surprisingly, the $1,100 level has not provided that much resistance. Gold may continue to forge upward without much consolidation or correction from these levels. Earlier in the day, the dollar was at a low of 75.54. No doubt that helped to contribute to the push above $1,100 an ounce.

In the month of October the U.S. economy lost 190,000 jobs, which was worse than the consensus forecast of a loss of 175,000 jobs. However, the talking heads on television extolled the fact that September payrolls were revised to a loss of 219,000 from an initial estimate of 263,000. That's not much of an improvement in my eyes and that that number may be revised yet again. The jobless rate in October has now climbed to a 26-year high of 10.2%. A number of analysts are forecasting that we will see unemployment above 11% next year. Economists had expected a small increase to 9.9%. The largest job losses have been in construction, manufacturing and retail trade. That suggests that important areas of the economy for the middle class are still doing quite poorly. All of the "green shoots" that are talked about seem to be "dead weeds" for the middle class. Moreover, a number of analysts are saying that the rising unemployment rate is going to cause another surge in home foreclosures. On top of that, everyone is worried about the potential for some serious defaults on commercial properties.

The President warned the job losses are likely to continue in the weeks ahead. As a consequence, Congress approved another extension of the Federal jobless benefits for an additional 20 weeks. There have been so many people exhausting benefits and dropping off of the unemployment rolls, that the numbers that are coming out from the government are seriously distorted. Some say that the real unemployment rate as calculated by the U6 data is 17.5%. Given high unemployment rates, the Fed is likely to continue to remain accommodative for some considerable period into the future. That is obviously bullish for gold and it portends an aggressive burst of inflation ahead.

Those who have not acquired precious metals as a protector of their wealth and as inflation protection or protection against the decline in buying power of their savings, should not delay further. This market, having reached $1,100 has the potential to move up considerably from these levels. Some analysts are forecasting a potential for $1,200 next month. Next year analysts forecast the price of gold should be considerably higher. Many analysts are forecasting levels of $1,300 to $1,500 over the longer haul. Goldline has several articles in the information package that are talking about gold at dramatically higher levels. For example Pierre Lassonde who is one of the most knowledgeable experts in the business said that gold could rise to as high as $6,500 an ounce. Analysts quoted in the article that Goldline is giving away in the free information package, suggest that gold could easily triple from these levels.

All of this is important information for today's investors as it affects the buying power of your savings. Call Goldline at 1-877-341-2646to receive the free information package. If you are interested in acquiring precious metal assets at these levels before prices move significantly higher, ask the folks at Goldline to assist you with those transactions. Call Goldline at 1-877-341-2646.

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 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.