GOLD SOLIDLY ABOVE SUPPORT

The metals started higher but gold gave up the gains on some early profit taking and is trading down $3 in the first 30 minutes of trading. The dollar is about unchanged and oil is down $.12. Silver is showing strength, along with platinum and palladium. All three are in positive territory. Analysts say that the markets are awaiting some new catalyst to determine direction of the metals. However, yesterday's intraday reversal was a positive signal and the fact that gold continues to hold above key support levels is also a positive factor. For the moment, gold is reacting primarily to the dollar.

There is some concern that the Fed is going to begin raising interest rates in the next three to six months. It seems as though analysts are trying to determine what the impact of that might be. Therefore, for the moment while gold refuses to decline significantly there is also resistance to move higher. Gold is trapped within a relatively narrow trading range and it is likely that some movement out of this trading range should occur fairly soon. With the seasonalities favoring a move to the upside, it would appear that gold should make a move back into the $1,150 to $1,200 range relatively soon.

Rob McEwen said Monday that he sees gold over $2,000 an ounce this year and over $5,000 before the bull market is over. As one of the founders of Goldcorp, one of the largest mining companies in the world, and currently the CEO of U.S. Gold, his comments are taken seriously. In addition, John Embry of Sprott Asset Management said he thinks gold will rise at least 30% this year. These are very well-informed individuals who tend to be accurate in their forecasts, therefore their opinions should be given some considerable credence.

Francis Bray, the Chief Technical Analyst for the Dow Jones Wire Service, said that the steady uptrend in gold is set to continue, aided by a completed 12-week bull wedge on the charts. He sees room for further strength towards $1,175.50. Since he is a highly regarded independent analyst for the wire service, his views carry a lot of weight with traders and investors. He also sees silver making a nice move higher. He sees silver moving up to $17.66. Francis Bray also sees a longer-term bull trend well in place, targeting $1,229 an ounce.

Given these forecasts from prominent individuals, I think investors should seriously consider acquiring gold or adding gold to their holdings if they are underweight. Call Goldline today at 1-877-341-2646 for assistance doing so. Those of you who would like to have some extra protection could take advantage of Goldline's Price Guarantee Program, which will provide some additional protection against price corrections to allow you to have more confidence in making your move into the metals. Call Goldline now at 1-877-341-2646 for assistance getting started. Also ask for the free information package. It will include the quotes from Rob McEwen calling for gold at $2,000 this year, along with a special report that demonstrates graphically the loss of purchasing power of the dollar. It also demonstrates to you how severe the loss of purchasing power has been and how it impacts individual investors. It will also give you the opportunity to determine how you would have fared better if you had owned some gold throughout the periods described in the chart. Call Goldline now for the free information package 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 a purchase. Call Goldline at 1-877-341-2646 now to receive your free gold information package.