
GOLD - SAFE HAVEN AGAINST CURRENCY DEPRECIATION
Gold is lower this morning on profit-taking and in reaction somewhat to a strong dollar. The dollar is up 28 basis points at 86.28. Oil is a negative influence, down $1.20 at $40.50 a barrel. The equity market is lower also with the Dow down 79 points at 79.21. The month of January was the worst month on record for the Dow as it posted the biggest loss ever. In 7 out of the last 10 months, the month of February has also been a poor month for the equity market. Investors should factor this data into their decision-making. Although gold is down, silver is not down as much as gold. It is only down $.08 in early trading. As I have been saying we will probably see some consolidation of the recent gains. This up move has been very powerful and at each step along the way it has acted to consolidate the gains before moving higher.
Analysts continue to cite the large demand for physical gold as one of the factors driving gold to these high levels. As gold has risen to record highs in virtually all currencies with the exception of the dollar, the demand has skyrocketed. Investors are viewing gold as a safe place to put their money--a safe haven against currency depreciation as well as a haven against geopolitical uncertainty and collapsing currency values. When currencies are debased, gold soars.
Dow Jones Wire Service analyst said, "Spot gold looks to be headed to about $1,000 in short-term. $930 key resistance level for gold. Daily close above $930 should be enough to see gold pass record high of $1,030.80 within a few weeks." This is very encouraging technical data and again gives rise to an increasing demand for gold.
Manufacturing continued to contract in January, but at a slower pace than previous months. Moreover, employment suffered with employment levels down considerably. Residential construction spending also dropped 3.2% in December and non-residential construction spending fell .6%. Public institution spending fell .8%. It seems with the exception of the Federal government, no one wants to spend money. Richard Fisher, the conservative Dallas Fed President said in a television interview that the central banks efforts to revive the economy must be joined by a broader government stimulus agenda. However, at this point there seems to be a dispute between Republicans and Democrats as to any such stimulus. It remains to be seen whether any cooperation will be achieved by the two parties. This weak economic data gives rise to further safe haven demand for gold. Given the technical outlook and the positive comments by many of the major analysts, I think gold is indeed a buy at these levels.
Investors who wish to get started should contact Goldline at 1-877-341-2646 for assistance in acquiring gold or silver assets. Some may wish to utilized Goldline's Price Guarantee Program, which provides a two-week window of opportunity to re-price your transaction in the even of a correction. In that way you would get the lower price and more gold or silver for your money.
Goldline also has a fantastic free information package that contains two new articles talking about gold rising to extraordinary levels. You should read these articles as they come from very responsible sources such as Dow Jones, Bloomberg, and Business Week. Call Goldline at 1-877-341-2646 for your free information package.
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..."









