
GOLD MOVES ABOVE $930 BREAKOUT ZONE
Gold moved higher on safe haven buying and once it broke out above the $930 level it shot higher, gaining $26 in early trading. Gold is now above the $930 breakout zone and has penetrated minor resistance in the $940 area. The next target should be $975 to $985. $1,000 an ounce clearly is in view technically. Silver is also posting excellent gains, up $.37 in early trading. I think we will probably see some consolidation at these higher levels and then a breakout to the $1,000 level is likely. The dollar is lower, down 18 basis points at 85.63 and oil is a bit improved, up $.31 at $37.90 a barrel. Stocks look weak today after a 380-point drop yesterday. The Dow is currently up 61 points and people are nervous about the equity market.
Analysts said disappointment about the lack of details about the bank bailout plan from Treasury Secretary Geithner generated safe haven demand for gold. IMF Global analyst, Tom Pawlicki said, "Gold is probably going to perform best under this environment. So investment is probably going to chase performance." Bill O'Neill, one of the principals with Logic Advisors formerly with Merrill Lynch said the demand for physical gold is significantly higher with good buying out of Europe this morning. He further said flight to safety buying is propelling the metal higher and speculative activity is picking up.
There is clearly a great deal of uncertainty in these markets and in an era of uncertainty, people turn to gold as a safe haven asset. The markets had been expecting Treasury Secretary Geithner to offer a "good bank / bad bank" solution to the problems in the banking sector. When he did not it made analysts and fund managers very nervous. However, he did indicate they are going to do something similar to that with this "public/private partnership" to takeover the troubled assets in these banks.
In these circumstances with gold beginning to make another big move up to the $1,000 level, investors should not delay in getting started with their gold investments. Once gold breaks out above $1,000, it will generate enormous demand from the investment community. I believe this is one of the best opportunities to acquire gold before a big move to the upside occurs.
The U.S. Government is spending trillions of dollars trying to stimulate the economy. At the same time countries all over the world are doing the same thing; lowering interest rates, increasing money supply and spending as much as they can to get their economies moving. The head of the Bank of England said today that they need to do a lot more to stimulate their economy and rescue their banking system. They are in the process of lowering interest rates, and increasing money supply in an effort to kick-start their economy. They said they might need to boost money supply and buy government bonds and private sector assets to provide stimulus to the economy. That is similar to what the Fed is doing.
The G7 is meeting this weekend. Foreign exchange is going to be a topic at the meeting. However, the German representative said we should not expect any surprises on the foreign exchange markets to occur at that meeting. There is a growing expectation that over time, perhaps sometime after the April 2nd G20 meeting there will be a strong movement towards a new global reserve currency. There is also a growing probability that there will be some kind of coordinated currency devaluation among the most prominent economic powers.
These are among the many reasons why investors should move into gold at once. Gold protects purchasing power, it protectors against debasing of currencies, it is the best store of wealth, and it provides excellent portfolio diversification. Call Goldline at 1-877-341-2646 and ask them to assist you in getting started with some gold or silver. Be sure to ask about the two special offers. You can have a choice of either free shipping or you may utilize the Price Guarantee Program. These specials are not available on all assets, so be sure to ask about the details.
Goldline is also continuing to offer the free information package, which includes the CD interview with Frank Barbera. This information package has outstanding information that will assist you in evaluating your investing decisions. Clearly, the information that Frank Barbera provides will be helpful to all investors. In Goldline's free information package, there are articles from the major market strategists and economists from some of the largest banks and brokerage firms in the world. You should read what they have to say about the U.S. dollar. Those are your dollars that these executives are expecting to lose buying power. Read the articles to understand why the very rich are buying gold at unprecedented levels. Read the forecast from these analysts as to where they think gold will be over the next couple of years. You will find that most of the major players in the financial markets think gold will be over $1,000 an ounce. Call Goldline for the free information package at 1-877-341-2646.
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. 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 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 an investment. Call Goldline at 1-877-341-2646 now to receive your free information package.


- 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..."









