GOLD SHOWING EXCEPTIONAL STRENGTH

The metals started the day lower, but gold quickly rebounded into positive territory. Silver remained lower. Gold is showing exceptional strength rallying in the face of a dollar rally, up 25 basis points at 82.56, softer oil is down $.25 at $58.59 a barrel, and the Dow is down 145 points. This is an encouraging sign for the precious metals. If gold closes above $924 today, I suspect it will test the $934 resistance level fairly quickly. It is expected that the $934 level will provide significant resistance as a breakout above that would technically signal a move to the $1,000 level. However, given the strength of the market, the upside momentum, and the fact that funds are moving into the market along with short covering, would suggest that resistance level maybe overcome more easily than people think.

This morning gold was also supported by weaker than expected April retail sales and higher than expected import prices. Retail sales were down 0.4% compared to the prior month. Import prices jumped by their largest amount in almost one year, rising 1.6%, more than double the amount that had been expected. Some of this is reflecting the third straight increase in oil prices. Overall, the metals markets look very constructive and should be considered a buying opportunity.

Some analysts are talking about gold rising as high as $1,200 this year. In fact Ned Schmidt, a very prominent analyst, said he thinks gold could be above $1,100 by September and that investors should be buying gold at these levels. Gary Dorsch said he believes gold could climb towards $1,200 an ounce before the end of the year. These forecasts are consistent with the forecasts of many of the major bank and brokerage firm analysts and economists. Gold has been in a nine-year bull market but it has not gone parabolic. It has been a gradual, sustained, controlled advance, and that is a positive market performance. At some point, I suspect the gold market will go parabolic and at that point folks can start worrying about the potential for a top. However, we are nowhere near that level at this point, so the opportunity is excellent.

The Dow Jones Wire Service reported this morning, "The deteriorating financial situation in the U.S. is a long-term fiscal and economic challenge that should result in gold remaining in a bull market for the foreseeable future," Mark O'Byrne, … says the inflation adjusted high of $2,400 reached in 1980 – "when the U.S. fiscal situation was positively benign compared to today" – is a more than plausible target in the coming years." Barclay's Capital technical analyst said to Dow Jones Wire Service that they also have a bullish view on prices based on the developing pattern of higher lows and higher highs since the April 20 low around $865 an ounce.  Barclay's Capital said a break of $927.70 can set up an advance to $935 near-term.

Given the forecasts of these extremely prominent analysts, it is important that investors consider whether they own enough gold and if they own none, that you get started without delay. Call Goldline today at 1-877-341-2646 for further information on getting started with gold. Ask them about the Price Guarantee Program and have them explain the features, benefits and cost structure of assets available to you. Call Goldline at 1-877-341-2646 for information on investing in gold.

Also, be sure you ask for Goldline's free information package. It has excellent articles giving price forecasts for the precious metals over the coming year and in addition, will provide you with information on the development of a new global currency, the potential for formal devaluation of the dollar, and a number of other very important issues to all of today's investors. To receive the free information package, along with a free copy of the CD interview I did with Frank Barbera and a free copy of the American Advisor Newsletter, a $25 value, call Goldline at 1-877-341-2646.

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 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, 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.