GOLD PRICES SHOULD HIT NEW HIGHS BY YEAR END

Gold and silver are both down sharply this morning, with gold breaking below the $920 support level, down $11 trading at $918. Silver broke below $13, down $.28. Oil is also lower, down $.78 at $62.16 a barrel, while the dollar is trading at about unchanged and equities are barely higher.

Gold fell back as traders and investors had been anticipating that the G8 would discuss the movement towards a new global reserve currency. While there were some remarks that pointed in that direction, the formal communiqués indicated that it was not a major topic of discussion. In fact, the goals of the G8 meeting seem to be modest, with President Obama limited to discussing climate change. Mostly discussions have centered around efforts to get the global economy moving again, and China again reiterating its position that the U.S. needs to gain control of its spending in order to protect China's investments in dollar assets.

The U.S. Mint said that dealers reported strong first half gold and silver coin sales. The first half of the year has been very strong, with the Mint selling 680,500 one-ounce American Eagle gold bullion coins. By contrast, in the first half of last year the Mint sold only 180,000 one-ounce American Eagles.

The IMF reported today that they expect the economy to recover slowly and recommended that governments continue to stimulate their economies. While their outlook had improved slightly from its previous forecast, nevertheless the outlook is poor. Dow Jones Wire Service reported, "Gold prices should hit a new high before the year end from investor buying, but the rise won't be a straight line, Metals Consultancy GFMS said Wednesday. GFMS Chairman Philip Klapwijk said, 'The gold price in the coming months could easily re-attain the $1,000 mark and is likely to push up towards a fresh record high (above $1,032.35) before the end of the year.'" In the near term, however, as we go through this period of correction and consolidation he said that we could see a short period of sub $900 prices. The Adens reported in their most recent commentary that gold under $1,000 an ounce is an outstanding buying opportunity. They said that while gold could dip further, it still remains in a massive major bull market and they expect new record highs before year end.

These are all knowledgeable analysts. Their views and observations should be given great consideration. They know what they are talking about. Whether gold bounces back above $920 today, or it takes a few more days of correction, the metals are certainly buying opportunities. Investors who are nervous about temporary short-term dips can utilize Goldline's Price Guarantee Program to provide them some comfort and confidence in the market. Call Goldline today at 1-877-341-2646 to learn more about investing in gold and silver and about Goldline's Price Guarantee Program.

In addition, you should ask for the free information package. In the free information package, you will find quotes from Phil Klapwijk and others concerning precious metals and the outlook for both the dollar and the economy. There are also articles that discuss this movement towards a new global reserve currency. This movement, as the articles explain, is a process. It won't happen overnight, but the die is cast that the dollar will continue to lose status in the global world economy. You will also learn more about the potential for inflation to rise. Just today, Simon Constable published a column on the Dow Jones Wire Service where he said inflation is coming and consumers and investors should "brace themselves for a period of higher-than-normal price increases for goods and services. At the same time investors might want to think about protecting themselves against the falling real value, or purchasing power, of their investments." His column is certainly worth reading as it clearly expresses the view of many prominent economists around the globe. This and other information can be acquired from the free information package that Goldline provides to its investor clients. 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, 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 1-877-341-2646 now to receive your free information package.