GOLD HEADED TO $1,200 - ANALYSTS
Gold and silver are both higher as gold up $4.00 and silver up $.28. Both are well off the highs, however, as the dollar is lower and oil is higher. Nevertheless, gold and silver are both doing excellent work with silver now trading at $14.20 on the key contract. Gold trading up $4.00 at $917.40 an ounce, after having reached a high of $923.10. Oil is up $.91 at $59.41 a barrel. That is supportive of the gold market. The dollar is down 45 basis points at 82.23, which is also supportive. The equity market looks weak and is trading in mixed fashion. The dollar seems to have clearly entered a downtrend, which should be supportive for the gold market going forward.
Statements by Fed Chairman Bernanke that the risk of deflation seems to be softening certainly is evidence that the Fed is not concerned about inflation and will continue to inflate as aggressively as it can to prevent the economy from slipping into a further or accelerating deflationary pattern. Some analysts think silver looks more appealing than gold. The upside potential for silver is certainly excellent. As inflation develops out of the massive increase in money supply and the other money easing processes that have been underway, silver has the potential to outperform gold in a rising market. Of course, the same is true in a declining market.
One analyst from VTB Capital said: "Gold is likely to consolidate between $900 an ounce and $930 an ounce this week." The Dow Jones Wire Service also said that this analyst expects gold back towards $1,000 an ounce as inflation concerns reappear on the investor agenda towards year-end. Forecasts of $1,000 an ounce are common these days. In fact, a number of analysts forecast prices as high as $1,200 or above.
Several of the quotes from these major analysts are included in our free information package. You should ask for the free information package and receive in addition to the articles that provide you with price forecasts on the precious metals markets, a CD featuring an interview with Frank Barbera that was recorded in the past couple of weeks along with a free copy of the American Advisor Newsletter, a $25 value. You will also receive various other articles and information pieces including information discussing the potential for a new global currency and formal devaluation of the U.S. dollar. In the view of many, both are highly likely.
In addition, you should ask Goldline to provide you with information on investing in precious metal assets. Only Goldline offers a Price Guarantee Program and you should have them explain the details of that program. Ask them about Swiss 20 Francs, gold Double Eagles, Maple Leafs, Eagles or perhaps even British Sovereigns, or Ducats. All of these assets have been very popular with today's investors. Call Goldline at 1-877-341-2646 now to receive the free information package.
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.
†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.
- 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..."
