GOLD HITS NEW RECORD HIGH - $1,123.40 AN OUNCE

Gold reached a new all-time record high overnight at $1,123.40 an ounce. It subsequently pulled back as the Wall Street Journal reported that several central banks purchased dollars in an effort to provide some support to the greenback. They purchased collectively about $150 billion. That provided some excuse for the dollar to rally, up 21 basis points, pulling gold back from its highs to a $1 dip. That is a negligible decline and it indicates extraordinary strength in the gold market.

Investors should take advantage of dips as buying opportunities, according to many of the forecasters. In fact, the Dow Jones Wire Service technical analyst for Europe said $1,150 is his next target. Another analyst said everyone's sights are on the $1,200 level, sooner rather than later. We have a number of forecasts from major banks and brokers such as Goldman Sachs, Deutche Bank and others forecasting $1,200 by year-end. The Wall Street Journal headline reads "Gold Bulls Set New Target For Rally: $1,300 An Ounce."

Given these forecasts, investors should be accumulating gold positions without delay. While the market is near unchanged this morning, it may quickly turn into positive territory before the end of the day. Therefore, do not delay making your transactions. Clearly, the dollar is in a weakening trend and while Treasury Secretary Geithner keeps saying that the government supports a strong dollar, there is nothing to evidence that. Analysts on CNBC and elsewhere are all talking about the fact that no one believes Geithner or other government officials with regard to their so-called strong dollar policy.

There continues to be some signs of improvement in the economy with unemployment declining a little, however the overall picture continues to be one in which stimulus is needed. The President spoke this morning saying the economy is improving, but not out of the woods. All of this suggests exactly what the Fed officials have been saying, that there will be a continuing easy money and easy fiscal policy that will continue to depreciate the dollar and cause gold to rise further. In addition, gold miners have told the Dow Jones Wire Service that they do not attend to resume any hedging activity. Barrick said it will re-purchase 1.9 million ounces of gold by September 2010. That is a large amount of gold and it is bullish for the market.

Therefore, investors should be taking advantage of today's opportunity to get into the market as quickly as possible. Call Goldline at 1-877-341-2646 for assistance acquiring precious metal assets. They will also provide you with a free information package and an investor kit that will be helpful to you in evaluating your decision to acquire precious metal assets at this time. Call Goldline at 1-877-341-2646 for your free information package.

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 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 investors 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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