GOLD FOLLOWS EURO

Gold is slightly lower this morning as the dollar gained ground. The dollar index is up 25 basis points, which normally would be good for a significant drop in the gold market. However, gold is only down $2 and holding steady at these levels. Silver on the other hand is down $.20, showing weakness that would be consistent with the move in the dollar. Oil is also reacting to the dollar, down $.85 at $79.46 a barrel.

Standard Bank analyst Walter DeWet said, "The gold price remains range-bound, with strong resistance around $1,125." Most analysts think the gold market is tracking movements in the euro and the dollar. The euro took a hit this morning after Germany's Business Expectations Survey Index surprised markets by falling. A lack of consumer confidence in Germany is considered a negative factor for the euro, as Germany is Europe's largest economy. Mitsubishi Bank's analyst Tom Kendal said he thinks gold could actually begin to really towards $1,140 this week, if the euro recovers some strength against the dollar. He stated, "We have seen good buying interest either side of $1,100."

Some analysts think the markets are pretty much on hold ahead of Federal Reserve Chairmans Bernanke's testimony to Congress tomorrow. There will also be a considerable amount of economic data coming out later today. Another analyst to the Dow Jones Wire Service said, "Gold is quiet because the market is waiting for Bernanke and his views on the economy that will tell us something about monetary policy." Analyst Ronald Leung sees gold staying in a range between $1,100 and $1,130 for now. Yesterday, Fed Governor Janet Yellen said that monetary tightening is not imminent and that low interest rates are still necessary to assure U.S. economic recovery. She also said that a little higher inflation numbers would be welcome. That is consistent with comments from the IMF Chief Economists Blanchard, who said that inflation of 4% is necessary at this point in time. In fact, at 4% inflation rate people's savings will lose a substantial amount of their buying power within a decade. Inflation at 4% or higher is a significant adverse factor for savers. That is among the reasons why investors need to protect their savings, their accumulated wealth, from the depreciation of the dollar and the inflationary consequences that result. Gold and silver are excellent assets to serve that purpose. They have proved for hundreds of years that they are a good storehouse of wealth.

Call Goldline today at 1-877-341-2646 to acquire gold and silver for your portfolio. Ask them to explain Goldline's Price Guarantee Program, which provides some protection against corrections after you make your purchase. Also ask them for the free information package, which is helpful as it contains information on the dollar and on the metals markets. You can receive a free copy of Goldline's newsletter along with a free CD interview with Philip Klapwijk, one of the most prominent independent analysts. Goldline will provide you with an article package that is outstanding. In fact there is a brand new article in the package quoting the Chief Economist from the IMF and others who are calling for a significant increase in inflation to help the government and debtors deal with their enormous debt burdens. This is important information for everyone. Call Goldline at 1-877-341-2646 to receive the free information package.

If you would like to take advantage of the Price Guarantee Program, which provides you with a 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 information package.