GOLD HOLDS SUPPORT

by Joe Battaglia | August 05, 2009

Gold Coin Dealers, Investor Community Optimistic

Gold is lower this morning, dipping $5 and dropping back below the $960 resistance level after hitting a two-month high yesterday. Yesterday's rally was on the back of a lower dollar. However, today the dollar is moving sideways and gold is coming down a bit. For those who own gold, the future expectations of gold performance may also hinge on the performance of equities. The expectation is if equities continue to rise, it is a signal of an improving economy and hence rising inflation pressures. After a two-month spike, the gold coin dealer community is optimistic that gold prices will go up again. However, today the Dow is down 77 points and the Nasdaq is down 24 points. The dollar is down two basis points at 77.74 and oil is down $.37 at $71.05 a barrel. Gold is trading down $5 and silver is down $.04. Silver is clearly looking very strong at this point and I would not be surprised to see some safe haven demand coming into the gold market over the next few days.

The CEO of Newmont Mining told Dow Jones Wire Service that gold's market fundamentals are bullish based on falling output at western mines and ongoing uncertainty in global financial markets. Some analysts are reporting that they believe silver coins and bullion will outperform gold coins and bullion over the coming months. That would not be surprising. If gold coin and bullion performance rallies to $1,000 an ounce by year-end as forecast by JP Morgan or October as forecast by Merrill Lynch, it is likely that silver coins and bullion will post a bigger percentage gain. Even analysts who seem to be fairly bearish think gold coin and bullion performance will be back at $1,000 an ounce in the near term. This means that the gold dealer and investor community with both gold and silver will be in good shape by the end of the year.

Goldline has a broad array of precious metals products available for you. They also have available the Price Guarantee Program that provides a two-week window of protection against corrections. Goldline is the only company in the country that offers these excellent benefits. Call Goldline at 1-877-341-2646 to learn more about them and about gold in IRA and 401(k) rollover accounts.

I also strongly recommend that you ask Goldline for the free information package. It will include comments about gold from Graham Summers, an analyst who has reported on Yahoo Finance. Yesterday, he published an article giving technical and fundamental reasons why gold coin and bullion performance could hit $1,300 an ounce this year. You will also receive articles discussing the calls by major countries for a new global reserve currency to replace the dollar and forecasts from major banks and brokers discussing the reasons why they think gold coin and bullion performance will be over $1,000 an ounce this year. 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, including articles on the dollar, the economy and gold coin and bullion performance, call Goldline at 1-877-341-2646. Goldline also provides several other helpful articles on gold. 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 of gold or silver. Call Goldline at 1-877-341-2646 now to receive your free information package.

You should carefully read the client Account Agreement and the Risk Disclosure information. These explain important things you need to know before you invest in precious metals, i.e., past performance does not guarantee future results. Transaction costs are generally 5% to 10% on bullion and 30% to 35% on coins. This is also referred to as the spread, or the difference between the buy price and the sell price. The market must go up enough to overcome this spread before an actual profit is achieved. All markets go up and down. Please see Goldline's Risk and Disclosure Statement for further details.

†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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