GOLD REACHES $948.50

Gold started the day higher reaching a high of $948.50 on the June contract before easing back to unchanged. Silver remains up $.13 in early trading. The Dow is up 56 points, the dollar is down 8 basis points and oil is up $1.10 at $53.87 a barrel after reaching a high of $54.66 this morning. Gold seems to be tracking the dollar again. When the euro popped above $1.35 we saw good demand for gold, said Commerzbank metals analyst Michael Kempinski. He said he expects gold to move towards $950, but doesn't expect a break of that level today. Markets are thin this morning with very light trading. Gold and silver seem to be consolidating the gains from yesterday and continuing in the consolidation pattern that has held them in a trading range over the past few weeks.

Tomorrow, there is a good chance for another assault on the $950 level, partly as a result of certain technical factors. Gold has support near $930 an ounce. While it may not be a hard floor, it nevertheless appears to be a good support level, said UBS Bank. UBS Bank has a forecast of $1,050 within the next 30 days and $1,100 within the next 90 days. Both of those targets seem reachable.

The World Trade Organization said today that there has been a significant slippage towards protectionism. We see that in our relations with Mexico. We have prohibited Mexican trucks from traveling through the U.S. and they have imposed tariffs on a number of products, both going to the United States and being imported from the United States. One example is a 20% tariff on wine imports into Mexico.

Continuing claims for unemployment benefits jumped another 122,000 to 5,560,000. This is the highest level since the government started keeping track in 1967. Continuing claims are up over one million since the start of the year. The unemployment problem is going to get worse as it is expected that unemployment will reach as high as 10% before this recession is over. New claims for jobless benefits advanced 8,000 to 652,000 in the week ended March 21. When people don't have jobs, they lose their homes and they don't buy much. These are all part of the problem that exists with the economy. Moreover, the economy was weaker in the fourth quarter than previously estimated. GDP fell 6.3% in the fourth quarter. This data suggests a continuing need for aggressive action by the government and the Fed to try to support the economy. This suggests that the dollar will continue to weaken and gold will continue rising.

Calls for the abandonment of the dollar as the world's reserve currency are growing by the day. Yesterday, Treasury Secretary Geithner, speaking about the Chinese proposal to ditch the dollar, said that the strength of the dollar is dependent upon U.S. policy and that fiscal restraint will be needed down the road. However, he also praised the Chinese Central Banker and said that the U.S. is open to discussing the expansion of Special Drawing Rights through the IMF. That is precisely the mechanism that the Chinese Central Banker is recommending to enable the SDRs to be utilized as a trading currency, rather than as only a mechanism for lending between countries and the IMF. After being clued in that the statement was a gaffe, he quickly went on TV to say he supports a strong dollar.

As the world moves toward a new global currency and away from the dollar, it will have the impact of reducing the demand for dollars by central banks and businesses. That lessening of demand will reduce the purchasing power of the dollar and result in rising inflation in the U.S. Investors need to be prepared for the potential devaluation of the dollar as well. When you have a situation such as exists today where countries are looking at another currency unit to be utilized as the reserve unit, it is important that we as Americans consider that they would not be doing this unless the dollar was a very poor store of value.

Therefore, we should be protecting the wealth that we have accumulated. While that can be accomplished in a variety of ways, the simplest and most direct way is to diversify into precious metal assets. They have a long and successful history of protecting wealth from the ravages of inflation and a devaluing or debasing currency. That is why you should be acquiring gold without delay. The G20 will be meeting in a week. When they meet they may discuss this issue of replacing the dollar as the reserve currency. We do not know what might happen in the future. We cannot afford to take the chance that there will be some surprising and dramatic action that will adversely impact our accumulated wealth. We did not know the precise moment when a major firm like Bear Sterns or Lehman was going to fail. Most people were totally unaware that the banking crisis was going to strike. You cannot afford to miss the boat again when it comes to protecting the value of the savings that you have left.

Call Goldline today at 1-877-341-2646 and ask them to assist you in acquiring a proper diversification in precious metal assets. Be sure you ask them about the Price Guarantee Program. This program is unique to Goldline and it offers you a two-week window of opportunity to re-price your transaction in the event of a correction. You should also ask for the free information package. There are several articles from responsible sources that discuss the issue of the replacement of the dollar as the world's reserve currency. These are vitally important to every American. There is also a new article from Forbes on devaluing the dollar. Read them carefully. Be sure you tell Goldline "Joe said to call" so you can receive the free CD interview I did with Frank Barbera and a free copy of the American Advisor Newsletter, a $25 value. Call Goldline at 1-877-341-2646.

Investors should contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver investments that are available to you. Select those that best meet your own personal and individual investing needs and objectives. Investors looking for low transaction costs may wish to consider bullion assets such as American Eagles, 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 an investment. Call Goldline at 1-877-341-2646 now to receive your free information package .