GOLD SHOWS STRENGTH

Gold is steady in reaction to a stronger dollar, which is up 9 basis points. Silver is up $.09, platinum is up $11 and palladium is up $7. The equity market is mixed with the Dow up and other indices lower. Uncertainty over the Greek bailout is a continuing theme this morning. The weakness in the euro is acting as a drag on gold. Given that fact, gold is doing quite well under the circumstances. The negotiation of the rescue package is still underway and even if it is agreed to, there are some concerns as to whether the nation will have problems implementing the austerity measures demanded by the plan. In fact, Greece could go from a sovereign debt crisis to a political crisis rapidly. Many believe that over the longer term other countries and states in our country will have similar problems and that there will be continued uncertainty that will provide a solid underpinning for gold going forward.

Peter Brimelow notes in a commentary for the Dow Jones Wire Service that many analysts believe that gold is now showing growing strength. The momentum is building to the upside they say. Most are targeting $1,165 as a breakout point that will lead to $1,200 and then perhaps to $1,300 by year-end. Brimelow sites the Aden's who think that a breakout above $1,165 will carry to $1,300. Francis Bray, the technical analyst with Dow Jones Wire Service said that he sees gold set to retest $1,162.80 in the near term. He also said: "The dominant threat is for further strength towards the April 12 reaction high at $1,170.70." Bart Melek of BMO Capital sees gold at $1,600 by 2011. Marc Faber warns that gold could reach $10,000 before the bull market concludes.

Consequently, it would appear that gold again presents an excellent buying opportunity at these levels. Those who would like to take advantage of that opportunity should contact Goldline at 1-877-341-2646. While gold remains below that $1,165 breakout area, you may wish to seriously consider utilizing Goldline's Price Guarantee Program, which provides an opportunity to re-price your order in the event of a correction. Moreover, you should ask for the free information package so that you can read some of the comments and reports from major banks and brokerage firms giving their opinions on the forecast for the metals and the factors driving them. To receive the free information package, call Goldline 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 to you. 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 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 gold information package.

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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 Goldline's Account and Storage Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline's spread, which is the difference between the price we sell our products and the price we buy them back, generally ranges between 5% to 20% on our most common bullion products and 30% to 35% on all other products including our popular European francs, proof coins, silver dollars and half-dollars, and graded coins. 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 1-877-341-2646.
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