
GOLD OUTPERFORMING OTHER MARKETS AGAIN
Gold traded lower overnight but rebounded and is now up $1 in early trading in New York. Silver is down $.16 but rallying. The dollar is up 26 basis points at 81.12 and oil is down $2.07 a barrel. The stock market is feeling some considerable pressure, with the Dow down 157 points. Gold is again outperforming other markets, particularly the equity market by a considerable margin. It's indicative of the strength of gold that it continues to move higher in the face of lower equities, a stronger dollar and lower oil. Once again, it requires a very strong market with a lot of safe haven demand for gold to produce this type of result.
In Europe the Greek debt drama continues and U.S. economic data is disappointing sending investors into perceived safer assets like gold and the dollar. Moody's said that Greece's debt rating may be cut if the government doesn't move forcefully to cut its burdening deficit. That came on the heels of Standard and Poor's warning that the country's credit rating may be lowered to junk status. I wonder how long it will be before the U.S. faces a similar crisis.
The Labor Department reported an unexpected increase of 22,000 in initial jobless claims to 496,000 versus the forecast from economists that the jobless rate would decline by 13,000. Clearly, the economy is not performing particularly well. Investec said this morning that gold prices will reach $1,300 an ounce over the next six months. They said that $1,000 will become the long-term floor. The reaffirmation by the Fed that rates are likely to remain low for an extended period should be supportive of gold in the long-term. They add that euro weakness is due to fiscal issues in Greece rather than a long-term bearish issue. That is a constructive forecast by Investec. If they are correct, it would represent an 18% gain in the next six months. Of course Goldman Sachs is forecasting a bit higher at $1,380 over the course of the year. That would represent a gain of 25%. Investors cannot afford to overlook or ignore upside potential of that magnitude. That is one reason you should take advantage of the opportunity to acquire gold in this $1,100 range without delay. Those who are nervous about the potential for correction can take advantage of Goldline's Price Guarantee Program, which enables you to get more gold for your money in the event the price should drop. In other words, it protects you against a price decline after your purchase. Call Goldline at 1-877-341-2646 and ask for the details of this program.
Call Goldline today at 1-877-341-2646 and ask for assistance getting started protecting your wealth with gold and silver assets. Be sure you ask for the free information package, which contains a new article discussing the report by the Chief Economist at IMF calling for western countries including the U.S. to devalue their currencies in an effort to reduce the debt burdens. If that were to occur, analysts think it would be a very bullish development. With regard to silver, BMO Capital is forecasting that silver will average $20 an ounce this year and next year. That would be a nice increase from current levels. Give some consideration to owning both gold and silver as part of your diversified portfolio. Call Goldline now at 1-877-341-2646.
If you would like to take advantage of the Price Guarantee Program, which provides you with a 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 investing, 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 an purchase. Call Goldline at 1-877-341-2646 now to receive your free gold 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..."









