
GOLD SOARS TO THREE-MONTH HIGH
Gold seems to be clearly breaking out on the upside in reaction to a weaker dollar. In early trading, gold is up $15, while silver is up $.21. The dollar is down 74 basis points at 84.88 and oil is down $.53 at $45.95 a barrel after reaching a high of $47.05. The Dow is up 112 points. Gold has reached a three-month high on increasing momentum to the upside. Momentum buying has produced a technical rally that looks set to decisively breakout above resistance. If this is correct, then gold should trade between $900 and $930 to build a higher base from which to launch an attack above $950. A break above $950 will likely carry gold above its previous all time record high of $1,030.
The interesting thing is that gold is rallying in all currencies. In many currencies it is setting new all-time record highs. Looking at gold in terms of British pounds, Australian and Canadian dollars, New Zealand currency and even the Russian Ruble, gold is at all-time highs. It is likewise showing excellent performance in terms of the U.S. dollar. This is suggestive that all currencies are devaluing against honest money, gold.
Analysts are saying investment demand is clearly underpinning gold. Flows into ETFs and demand for physical gold are extraordinary. The most important thing is that gold is moving into strong hands. When people acquire physical gold, their intention is to hold it for the long term. Gold is being acquired as a store of value and an asset that can protect against rising inflation that is anticipated to result from the massive economic stimulus that is being poured into the U.S. and other economies.
There are grave concerns that in Great Britain the banks will all have to be nationalized. As a result, the British pound has literally tanked. There are also questions about the creditworthiness of a number of countries. The credit ratings of Portugal, Spain, Ireland and Greece have all been downgraded. Some expect the credit rating of Great Britain to be downgraded soon. Russia devalued the ruble again. Are these countries creditworthy? Not if their economies continue to collapse and their banking system falters.
These are all substantial reasons to own gold as an insurance asset and to protect against further currency depreciation. Perhaps one of the best features of the gold market is that it still appears to be early in a bull market cycle. The potential for extraordinary gains remains very real. You have Merrill Lynch, Citibank, the Barron's Round Table analysts, Barron's editors and many others forecasting gold will rise substantially from today's levels. If these analysts evaluation of the market and the future trends are correct, the potential on the upside for gold is outstanding.
Call Goldline today for assistance in acquiring gold at these bargain-basement prices. Ask Goldline about their Price Guarantee Program, which provides a two-week window of opportunity to re-price your order to obtain more gold or silver for your money if there should be a correction. Also ask Goldline about any special offers that may exist and for information on putting gold or silver into your 401(k) rollover accounts or your IRA accounts.
In addition, everyone should ask for the free information package, which contains a CD of the interview I did with Peter Grandich. Peter gives his opinions on the economic outlook and outlook for the year. You will find his comments helpful. You will also find the article from Forbes.com in which the analyst recommends formal devaluation of the dollar. The various articles will help you to understand the difficult situation that our country and the world finds themselves in, along with the impact of these developments on the precious metals market. The company brochure will explain to you how gold and silver can protect you from a collapsing currency and serve as an excellent store of wealth. Call Goldline at 1-877-341-2646 for the free information package.
Contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver products that are available. 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 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 a purchase. 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..."









