GOLD RISES ABOVE RESISTANCE

Gold jumped $15 in the first half-hour of trading, while silver is up $.09. That is a big boost on the upside for the gold market, given the fact that the dollar is up 22 basis points at 88.08. Perhaps it is because of safe haven demand as the equity market is somewhat softer with the Dow down 51 points. Oil is also supportive as it is up $.88 at $43.21 a barrel.

The latest retail sales data from February were above expectations, although they still were down 0.1%. Probably the bigger news was January sales were revised upward 1.8% instead of the 1% originally reported. Unfortunately, a good part of that increase was due to the fact that gasoline prices rose.

The Swiss Franc dropped sharply against the euro and the dollar this morning as the Swiss National Bank indicated it would intervene in the foreign exchange markets to prevent its currency from further appreciation. This again is in an effort to assist their economy. No one wants their currencies appreciating. They want the stimulative impact of the weaker currency to assist their local economies. Competitive currency devaluations are more open and they support rising gold prices.

The trend in jobless claims foreshadows bad news for the coming March jobs report. It is widely anticipated that unemployment rates will again be higher as job losses continue. Jobless claims rose 9,000 last week to 654,000 for initial jobless claims.

In the metals markets once again we see strong safe haven demand for gold. We may also be looking at the potential for a continuing loss of purchasing power of the dollar, otherwise known as rising inflation. The latest report from Bank of America Merrill Lynch suggests gold will reach $1,500 to $1,600 an ounce in the next three years, according to MaryAnn Bartels and Francisco Blanch. However, they seem to be at the low end of the forecasts. Yesterday, UBS Bank issued a special report in which they indicated they see gold at $2,500 an ounce within the next five years. They said if the push for a new Bretton Woods Agreement moves forward and the dollar is backed by gold, gold would reach $6,948 an ounce. Moreover, they said if China and Japan are included in a new gold standard the value of gold would have to be $10,000 an ounce. These are not outlandish numbers. They come from analysts at one of the most conservative banks in the world, UBS. As you know the editors of Barron's Magazine said at the beginning of the year that they expect gold to reach $1,200 an ounce this year. Many other analysts share that view.

Consequently, gold looks like an excellent buying opportunity at today's levels. Gold may be in a position to push through resistance at $925 an ounce today. If it closes above that level, it will be considered a very constructive sign suggesting a move to re-challenge the $936 level. Bargain hunting and some short covering are notable features in the market today. Those who agree with the forecasts of some of these major banks may wish to add to their gold holding today. Goldline can assist you in that process. You may wish to utilize Goldline's Price Guarantee Program, which provides a two-week window of opportunity to re-price your transaction in the event of a correction. Ask for the details on this special offer to see whether you may qualify for it.

To receive the free information package, which includes the new article quoting UBS forecasting gold at $2,500 with the potential to rise to $6,948, call Goldline at 1-877-341-2646. That article along with several other articles quoting major market analysts, economists and other well-respected individuals may be helpful to you. Call Goldline at 1-877-341-2646 and be sure to tell them Joe said to call and they will give you a free copy of the CD interview I did with Frank Barbera, which is extremely helpful, and a free copy of the American Advisor Newsletter.

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.

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.