
GOLD UP DUE TO WEAK PAYROLL DATA
Gold is up $17.50 and silver is up $.25 in early trading. Part of the reason gold is up so much is due to very weak payrolls report by ADP showing a loss of 522,000 jobs in January. Moreover, massive losses from the automobile sector, combined with job cuts are a serious problem for the overall economy. This suggests further weakness in the economy will lead to more stimulative activity by the Federal government.
Gold is also boosted by a forecast from UBS Bank. UBS has been consistently at the low end of predictions for the analyst community in general. Today they raised their gold forecast to average $1,000 an ounce an increase of 30% and their silver forecast was raised by 45% or a prediction of silver rising to an average price of $14.75 an ounce. Given the conservative nature of UBS's forecast this is an extraordinary increase. They said there is an unprecedented demand for physical gold. A money management firm Levitt Capital Management said, "Gold is the only commodity we want because it is a store of value." Levitt has between 9% and 10% of its portfolio invested in gold.
While gold remains in a consolidation range for the moment, it would appear the forecast by the Dow Jones Wire Service analysts earlier in the week that gold could quickly move to a breakout above $930 and from there be at $1,000 within a matter of weeks, could be very accurate. Investors who have yet to acquire gold or do not have enough gold in their holdings should act quickly to accumulate gold at these bargain basement levels. Many believe once gold breaks out above $1,000, the previous record high will no longer stand and gold may move into the $1,100 to $1,200 range more quickly than many people think.
Investors should contact Goldline at 1-877-341-2646 for assistance getting started. Goldline offers all forms of precious metal assets and can assist you with all of your gold and silver investing needs. Ask about special offers that may be available to you. If you have not received the free information package, you should ask for it. Also ask for the CD interview with Frank Barbera. He is a prominent analyst and has done outstanding work and made great forecasts in the past. Listen to what he has to say about the economy, the markets and the currencies. You will also be favorably impressed with his analysis of the precious metals market. There are also excellent articles including a new article from Eric Sprott of Sprott Asset Management where he is warning us that we have entered a depression and this will boost gold to $2,000 an ounce or higher. His forecasts are similar to those that have been made by many others, including the analysts at Citibank. Look at the various quotes from these major bank and brokerage firm analysts and I think you will begin to understand why the demand for gold is at extraordinary levels. Call Goldline today 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. 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 and how you may be able to receive free coins.
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.


- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."









