GOLD - IT'S A CLEAR FLIGHT TO SAFETY

Gold is sharply higher, rising $20 in early trading. Gold reached a high of $884 on the February contract, while silver reached a high of $11.65 in the futures market. However, while gold came off slightly from the high, silver pulled back considerably on profit taking. Silver is up $.08. It is amazing that gold is up as much as it is given the fact that the dollar is up 77 basis points at 86.29. Oil is down $1.91 at $41.76 a barrel and the Dow Industrials after opening nearly 200 points down has rebounded somewhat to a loss of 145 points to 7,977.

The strength of the dollar is due to the fact that the British pound and other currencies are literally collapsing. The British pound is down about 2% today, and other currencies likewise are falling back considerably. That is giving rise to substantial demand for gold throughout these countries that are experiencing sharply devaluing currencies. That would include Russia and China.

Bart Melek, a noted analyst told Dow Jones Wire Service that gold is "decoupling" from its normal inverse relationship to the dollar. He said people are turning to gold as a "safe haven" and "monetary asset." In fact, gold is functioning in its primary role as money. It is the best form of money. It is money with intrinsic value. Melek also said the market is tightening physically, with mining output down and investment demand for physical gold rising. Moreover, with gold breaking above the mid-$860s it gave a technical buy signal, as gold broke above a key resistance level. The next significant resistance is at $885, which should be achieved fairly soon. Once gold breaks out above that level, it will likely rise into the $930 to $950 range. Melek also said gold will likely see more investment demand down the road as the monetary policies meant to stimulate the economy will create the potential for eventual inflation.

Bill O'Neill, formally of Merrill Lynch and now a principal with Logic Advisors said, "It's a clear flight to safety." He said further, "The whole atmosphere surrounding the credit markets is one that is very conducive to the gold markets." A senior metals trader at a large European bank in Singapore said two of Wall Street's biggest names have been heavy buyers of gold this week. He said even if the price dips back towards support, they will be buying more. I suspect they are executing trades for a sovereign wealth fund or a central bank. However, this remains to be seen.

Those who have not acquired gold yet should do so at once. With gold breaking out above the 200-day moving average at $861.10, the market is poised for significantly greater gains. More than likely, there will be some consolidation above that 200-day moving average, but nevertheless the direction and momentum is now to the upside. We have reports again today that there were two large banks along with some funds that were heavy buyers of gold. One trader told the Dow Jones Wire Service that gold could now target $900.

Those who would like to acquire gold should call Goldline at 1-877-341-2646. Ask Goldline to assist you in getting started with the form of gold that best meets your own personal and individual needs and objectives. Goldline has a few of the 2009 First Strike Gold Eagles in stock and they have available 20 Frances, Sovereigns and other forms of gold that are sought after. Call Goldline today to get started at 1-877-341-2646. Also ask for the free information package, which will provide you excellent information on the potential devaluation of the dollar, rising gold prices and other helpful information. Be sure you listen to the CD interview with Peter Grandich. You will find it very informative and helpful. Call Goldline at 1-877-341-2646.

Contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver products that are available. Select those that best meet your own personal and individual needs and objectives. Those 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 and how you may be able to receive free coins.

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 1-877-341-2646now to receive your free information package.