
GOLD PREDICTED $1,030 BY SEPTEMBER
Gold is down $3.60 and silver is down $.02 in early trading. This is end of the week profit-taking after gold made a move to push above resistance at $950. In my view, it is important for gold to hold the $950 level by the close today. If it does, I think there will be additional gains next week. The correction this morning appears to be driven by the sentiment in the equity market, which is down 57 points on the Dow. However, the Dow still is above 9,000, trading at 9,014. The Nasdaq is down heavily, down 32 points at 1,941 in early trading. Gold has been following the dollar lately, and it is somewhat surprising that the dollar is down 30 basis points at 78.70, while gold is also lower. However, this is more than likely due to profit taking. Oil is trading at about unchanged levels. Trading in all of these markets is thin and the movements in the markets may be a bit exaggerated. That might be particularly true in the equity market.
Warren Buffet indicated this morning that he anticipates rising inflation. He said he would rather own equities than bonds or even short-term government debt that is rolled over on an annual basis. In other words, he is anticipating aggressively rising inflation pressures. I think that is consistent with the views of many analysts and investors. Our government is on its way to adding $7 trillion to the national debt over the next decade. That was confirmed by the President in his recent press conference. There is no way our government can finance a total of over $18 trillion in debt. The only way that can be accommodated is for the Fed to continue to print money at a massive rate. That in and of itself is inflationary and ultimately will result in rising prices over time. Remember: from the time a government begins to inflate, it often takes 18 to 24 months before the inflationary pressures begin to emerge in the economy. When you have an economy that is in severe recession such as we have now, it could take longer.
Investors should be preparing for the rising price pressures by acquiring gold and silver assets now. Call Goldline today at 1-877-341-2646 for assistance in getting started. You may also wish to ask about information on putting gold and silver in IRA accounts and 401(k) rollover accounts. From a technical view, BNT Paribas technical analysts said their indicator suggests, "There is plenty of fuel in the tank to propel a multi-week advance." They also said if the advance replicates the powerful April to June up trend, and then gold could target $1,030 by early September. They see resistance at $957 and $970. To learn more about analyst's views and some of the key factors that are driving gold upward on a fundamental basis, call Goldline at 1-877-341-2646 for the free information package.
You should also ask for a free copy of the American Advisor Newsletter, which provides excellent information on the markets. There is an article by Phillip Klapwijk of GFMS, which explains why China is buying so much gold, and China's concerns about the U.S. dollar. You will also receive information that discusses major nations calls for a new global reserve currency to replace the dollar. Clearly, other countries and sophisticated investors and funds have been moving out of dollars and into gold. This is something that all investors should consider in terms of having a proper diversification to protect and preserve buying power and insure against inflation damaging your savings. Call Goldline at 1-877-341-2646 today for the free information package.
Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver investments that are available to you. 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, Swiss 20 Francs, 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.
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.
†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.
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- 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..."


