
GOLD RISES ABOVE $1,000
This morning gold traded as high as $1,006.40 on the December contract before easing back to a more modest $3 gain at $997.10 an ounce. Silver reached $16.52 before easing back to a $.12 gain. The metals moving up on a weaker dollar, which fell 31 basis points to 76.82 and oil is about unchanged up $.06. The Dow Industrials are down 124 points on disappointing data on the Chicago Purchasing Managers index. The PMI was weaker than expected for September, coming in at 46.1 a fall from the 50 reading in August. It was expected to be up 2 points to 52. The Dow Jones Economic Sentiment indicator has also flashed a warning about a possible double-dip recession in the U.S.economy. September's decline was the first since February. However, the 2nd quarter GDP report was better than expected, but the potential gains may have been tempered by a worse than expected ADP job survey earlier in the day, which showed more job losses than had been forecast. The private sector lost 254,000 jobs in September. When the government's job loss data comes out on Friday, it is expected to show an increase in unemployment to 9.8% from 9.7% in August.
Traders felt the economic data was on balance bullish for the gold market and bid up the gold and silver markets accordingly. An analyst from Standard Bank told the Dow Jones Wire Service, "Our strategy remains one of buying the dips. Good support is at $985 and $980. Resistance is at $1,003 - $1,005 and $1,010."
If buying the dips is good enough for Standard Bank to recommend it to their clients, then perhaps you may want to at the gold market as a bargain buying opportunity. Call Goldline today to acquire gold or silver assets or to add to your holdings at 1-877-341-2646. You may also wish to ask Goldline for their free gold information package. It contains information that will assist you in arriving at a decision when you are considering gold for your portfolio. Also, be sure to ask Goldline for a free copy of the Peter Grandich CD interview. Grandich recently spoke at the Resource Investment Conference in Toronto, Canada. People paid money to go and hear him speak there. You can hear his remarks and observations for free on the CD. Call Goldline now at 1-877-341-2646.
Ask Goldline 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, 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 on gold, call Goldline at 1-877-341-2646. 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.
†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.

- 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..."


