GOLD GAINING UPSIDE MOMENTUM

by Joe Battaglia | July 15, 2009

Gold and silver are up aggressively this morning, with gold gaining $16 and silver up $.38 in early trading. This is directly related to a falling dollar, down 75 basis points at 79.43. Gold is also supported by the fact that other commodities are rallying, particularly oil, which is up $1.23 a barrel. Gold is also supported by institutional demand for gold, according to the Dow Jones Wire Service. There is further additional concern that there is going to be another stimulus package, which will add to inflation fears. From a technical point of view, the charts are indicating that the gold market is improving and gaining upside momentum.

The weaker dollar and rising inflation pressures both on the CPI and PPI are very supportive of the market as well. Both core CPI and the overall number were 0.1% higher than had been expected -- up .7% in June, which is equal to an annualized 8.4% rate of inflation at the consumer level. Analyst Matt Whitaker told the Dow Jones Wire Service that studies show gold beating other commodities and tips as an inflation hedge.

Clearly, rising inflation pressures and a weakening dollar are among the factors that are causing China, Russia, Brazil, India and other countries to demand a new global reserve currency. It is likely the reason why the exemplars of a new global transactional currency (the "Euro-Dollar") were released at the G8 meeting and given to the heads of state. This is an important situation that will affect every single American who has accumulated any wealth. The odds are growing that there will be a new global reserve currency and that this new reserve currency could easily result in formal devaluation of the U.S. dollar.

To learn about these issues and acquire some gold to help protect your net worth against devaluation and replacement of the currency, call Goldline today at 1-877-341-2646. Be sure you ask for the free information package so you can receive the article package and the photocopies of this new proposed global money that other countries are pushing for. Call Goldline at 1-877-341-2646 to receive your free information package. Also ask Goldline to explain their Price Guarantee Program and the various products that are available to you.

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 a purchase. 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 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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