GOLD SOARS TO NEW RECORD HIGH - SILVER JUMPS $.90

by Joe Battaglia | November 16, 2009

Gold set another new all-time record high overnight at $1,137. It is making this huge move to the upside in spite of the fact that the dollar is only down 20 basis points at 75.01. Oil is also benefiting, up $.94 at $77.29 a barrel. Equities are likewise higher, with the Dow up 115 points. Silver jumped $.90 and platinum and palladium also soared.

The Dow Jones Wire Service said, "A cocktail of powerful underlying fundamentals is attracting fresh investor interest in gold with the market setting a fresh high in early European trade Monday, lifting the other precious metals with it." Confirming that trend silver is trading up $.90. Gold has been in a solid up trend since the announcement that the central bank of India purchased 200 metric tons from the IMF. Since then dollar weakness and high liquidity have helped push the metals to new highs almost daily. Dow Jones Wire Service said, "Going forward, comments from governments that they will continue with their stimulus packages should support the precious metal and keep liquidity flowing, analysts say."

The market is also seeing buy stops hit as the shorts are forced to cover at these levels. Precious metals analyst Carl Johansson said that the rise could be extended due to the bullish tone set early in Monday's trading day. He further stated that buy stops triggered at the open of Comex's electronic platform caused the rally. Francis Bray, the Chief Technical Analyst for Dow Jones Wire Service said, "Further gains are expected to test $1,150, and an equality move off the April 2009 bull pennant low at $865 highlights the $1,188.40 area."

There are a growing number of analysts (including Goldman Sachs) who see gold reaching $1,200 by the end of the year and analysts are talking about the potential to reach $1,500 next year. Those who would like to take advantage of this rising trend for gold should call Goldline at1-877-341-2646 for assistance getting started. Bear in mind that gold is being pursued as the best form of money, which it has always been. This is creating fresh demand for gold. The more the dollar and other currencies decline in their process of competitive devaluation, the better the outlook for gold. In addition, analysts are looking toward the potential for higher inflation rates next year. This too is supportive of the gold market. I recommend that investors ask Goldline for the free information package, so they can begin to understand some of the factors that are driving gold to record levels. Black Rock's Evy Hambro told Dow Jones Wire Service that central banks are likely to be net gold buyers in 2009. He said that is part of the reason that gold is making such a substantial move to the upside. To receive the free information package,which gives you information on the U.S. dollar, gold, silver and other factors of importance, 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 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 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 a purchase. Call Goldline at1-877-341-2646 now to receive your free gold investors package.

†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 Goldine's Account Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline has a spread or price difference between our selling price, called the "ask", and our buy-back price, called the "bid". That spread varies depending on coin or bar you acquire. Spreads on 1 oz bullion coins, 90% silver dimes and quarters, and one ounce and larger bullion bars are 13%. All other coins have a spread of 28%. There is also a 1% liquidation fee when you sell your coins back to Goldline. 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 1-877-376-2643.

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