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.

† 
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 Goldline's Account and Storage Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline's spread, which is the difference between the price we sell our products and the price we buy them back, generally ranges between 5% to 20% on our most common bullion products and 30% to 35% on all other products including our popular European francs, proof coins, silver dollars and half-dollars, and graded coins. 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 1-877-341-2646.
Get Your FREE Investor Kit!
Learn how to acquire Gold and Silver
Complete the form below to receive your FREE kit:
Title:
First Name:
Last Name:
Phone:
Zip:
Please check this box to sign this form and confirm that Goldline may send its free investor kit to you and contact you using the phone number above.
Address:
 
City:
Country:
State:
Zip:
Please check this box to sign this form and confirm that Goldline may contact you using the email address above and send its free investor kit to you for free.
Your Investor Kit will include
  • An Introduction to Precious Metals
  • Advantages of Owning Gold and Silver
  • Popular Coins and Gold Products
  • How to Acquire Precious Metals and Rare Coins