GOLD TO CONTINUE TO RANGE TRADE BETWEEN $930 - $950

by Joe Battaglia | June 29, 2009

Gold and silver have both fallen back after trading higher overnight. Gold is down $6 and silver is down $.26 in early trading. Some analysts told the Dow Jones Wire Service that there could be considerable volatility this week due to book squaring at the end of the quarter and half year. In addition, the Fourth of July holiday is approaching and that too would force early book squaring. This was reflected in some fund liquidations, which could continue if the dollar recovers some of the ground lost over the last couple of months. Nevertheless, the trend remains higher, as this is a bull market for precious metals. The correction was prompted by a slight recovery in the dollar. Oil is firmer, up $1.33 at $70.49 a barrel and the equity market is slightly lower with the Dow down 4 points. The market is awaiting a decision from the ECB on Thursday as well as some statistics on the U.S. economy. It is unlikely that any big changes would be noted from either.

Most analysts believe that gold will continue to range trade between $930 and $950. However, as we move past the July 4th holiday, gold should begin another up-leg. GFMS said gold will make a new record high in 2009. Merrill Lynch said gold to reach $1,000 by October/November.

Take advantage of that opportunity while it presents itself by calling Goldline at 1-877-341-2646 for information on getting started with gold. For the first time in a few months, Goldline has available 1 Ducat coins, which you may wish to take advantage of. Call them today for information on those coins as well as other assets that may be attractive to you. Be sure that you ask for the free information package. It contains outstanding articles discussing the likelihood of a move towards a new global reserve currency to replace the dollar, articles discussing the potential for formal devaluation of the dollar, along with forecasts for precious metal values over the coming months and years. Call Goldline today at 1-877-341-2646 to receive the free information package.

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.

†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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