GOLD CONTINUES TO ROCKET UPWARD

by Joe Battaglia | November 09, 2009

Gold rocketed upward again today gaining $12 in early trading, while silver was up $.32. This is almost entirely due to an extremely weak dollar, down 69 basis points at 74.97. Oil is also reacting to the weak dollar, up $1.67 at $79.10 a barrel. The Dow Jones Wire Service reported, "A lower dollar, stronger equities and higher oil prices are boosting gold futures as risk appetite strengthens." Gold is now at a new all-time record high. Dow Jones Wire Service reports, "Gold at new record, rally to extend to $1,200/oz." They said, "There is little to stop gold from rising to $1,200 a troy ounce before the end of the year." Deutche Bank said, "We think this rally is sustainable based on dollar weakness, central bank buying and inflation volatility. The target is now $1,200 an ounce." They also said, "The market is now playing 'a guessing game' on who will buy the remainder of IMF's gold, …the market expects China, India, Russia, Brazil or Taiwan to be the central bank gold buyers."

Merrill Lynch's analysts are even more bullish saying that there is now competitive currency devaluation going on. They said that the Emerging Market (EM) central banks can only hedge against G10 competitive depreciation by buying gold. They stated further, "We reemphasize our view that WTI crude oil prices could breakthrough $100/bbl as we approach 2011, our view that gold will break through $1,500/oz within the next 18 months and our view that the euro/USD will trade at 1.28 by the end of 2010. The market could, of course, move a lot faster if EM central banks rush into gold sooner rather than later."

With gold making new all-time record highs and some of the most conservative analysts in the world extremely bullish on gold, it seems to make sense to be acquiring gold or adding to positions at these levels. Those who would like to do so should contact Goldline at 1-877-341-2646. You may also wish to ask them about utilizing Goldline's Price Guarantee Program. They can explain the details to you. If you would like to get some of these articles quoting major market analysts and the free information on investing in gold, call Goldline at 1-877-341-2646.

Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver products that are available. 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, 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 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.

†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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