GOLD CORRECTION IS BUYING OPPORTUNITY

Gold and silver are both lower with gold giving back $5 and silver down $.13. That is somewhat surprising given the fact that the dollar is down 65 basis points at 83.29 and oil is up $1.24 at $57.95. It would appear that the profit taking going on in the gold market is directly related to the better than expected stress test results. It is also reacting somewhat to the better than expected unemployment data. There was a loss of 535,000 jobs last month and the unemployment rate rose to 8.9%. While this was better than had been expected, it almost seems as though the market can't figure out whether the news that is coming out is good or bad. Clearly, the equity market thinks its good as it is up 122 points in early trading. I have been hopeful that gold would hold above $910 at the close today. However, it is all together possible that it will close below that level. Perhaps support will emerge at around $900 to $905.

Barclay's says that in the absence of a correction below the $895 level they expect a push to $935 and potentially the $950 resistance area. They say they now have the opinion from a technical point of view there will probably be a choppier advance than previously estimated. Afshin Nabavi of MKS Finance said the stress test results were a non-event. Payrolls data is a more important factor to him. He said, "The market is looking very bullish but the problem is no one really knows what the market is doing." He adds, "The market will as a result stay in a range but if it gets above $950 then it will likely attract fresh buying interest." His estimate is for a trading range of $910 to $928. Futures Tech said, "We are sticking firmly with the bulls and suggesting that dips are buying opportunities." They also believe that prices "could now rise to $967.80 an ounce." The analysts quoted on the Dow Jones Wire Service seem to be uniformly bullish on gold and silver and are looking at the correction as a buying opportunity. Clearly, a little profit taking at the end of the week was not out of the question. James Steel of HSBC Bank said, "If expectations that the economy is beginning to recover take root, we may see a shift in the forces driving gold trading away from safe haven buying and towards inflationary expectations."

I think when we look at the payroll data, it is important to examine the reason why non-farm payrolls fell less than expected. It would appear to center around the fact that the government hired 100,000 census workers in advance of next year's census. This is temporary employment and not really evidence of an improvement in the economy. In fact, wide spread job losses continued throughout the private sector. Nevertheless, investors cling to any scrap of positive news with regard to the economy. The broader measure of unemployment, which includes underemployment is already well into double digits. That rate comes to 15.8% for last month, up from 15.6% in March. This indicates there is a tremendous amount of slack in the labor market.

As a consequence, gold certainly appears to be a great buying opportunity on the dip. Investors should contact Goldline at 1-877-341-2646 for assistance in getting started with gold. Goldline can assist you with all of your investing needs, including diversifying your IRA or 401(k) rollover accounts with gold or silver. Ask Goldline to explain the benefits of Swiss 20 Francs, gold Double Eagles, Ducats and other assets that are available for today's investors. Ask them also to explain the Price Guarantee Program, which may provide a valuable tool for some investors. Call Goldline at 1-877-341-2646.

Also ask Goldline for the free information package. It contains excellent information and articles along with a free CD and a free copy of the American Advisor Newsletter, a $25 value. Call Goldline at 1-877-341-2646 now to receive that information.

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.