GOLD TAKING A BREATHER

At the open, the stock market rallied but quickly gave up the gains to move back into negative territory. The dollar started weaker, but then turned around to move into positive territory putting pressure on the metals as well. Oil is up over $2 in early trading. Gold started out at unchanged levels, but quickly moved into negative territory giving up $8 in early trading, while silver held steady throughout the move. Gold seems to remain range bound at this point, but is holding above the $930 level. A close above $930 would be considered a positive for the market.

One analyst told the Dow Jones Wire Service that gold is simply taking a breather. He said, "People are just trying to take a break and want the market to calm down and consolidate after last weeks correction." The analyst also told Dow that any dips are likely to be bought. Most analysts believe this morning's correction is simply a little profit-taking and gold will continue to head higher over the near-term. Certainly on a long-term basis, there are a large number of analysts who think gold will make a substantial move to the upside. The head of Precious Metals Trading at Commerzbank said he expects gold to range trade between $935 and $940 on the very short-term.

It appears gold should be bought on this dip. Analyst Adrian Koh told Dow Jones Wire Service that gold is still bullish for the long-term despite the correction after hitting a high above $1,000 last month. Dow also reported that large investors have been buying gold, concerned that moves by governments to shovel money at problems could cripple leading currencies. The problems in Europe are growing worse. We see the European markets down and European banks falling again while U.S. banks seem to be firming. Dow Jones also said, "The recent purchases of gold by the hedge fund investors, some of whom have top records, suggest they are coming to share deep worries about the health of global economies and how continuing problems are being addressed." They also said, "Kyle Bass, who runs Hayman, a firm that earned millions of dollars betting against risky sub-prime home mortgages, is now buying gold. 'People will look to "old-fashioned" stores of value -- those which represented money long before green pieces of paper backed a promise existed," Mr. Bass recently told investors. Indeed, investors have already begun moving into precious metals and we expect this will continue." Dow Jones also said that some of those major players who are buying gold are expecting nations will default on their debt as they spend money to help stabilize their economies. The spending could lead to a burst of inflation, which could help gold rise.

Given the comments by major analysts throughout the world that they anticipate gold will continue to be an asset that is appropriate for investors portfolios, it would appear that gold is a buying opportunity at these levels. Those who would like to get started or to add gold to their holdings should contact Goldline to take advantage of this correction. Some investors may wish to utilize Goldline's Price Guarantee Program that provides a two-week window of opportunity to re-price your transaction in the event of a further correction. Others may wish to take advantage of the opportunity to get free shipping. Call Goldline at 1-877-341-2646. I also recommend that you ask for the free information package, which contains very helpful articles from major banks and brokers expressing their views on the markets and on the economy. This could be very helpful for many investors. Be sure you tell Goldline Joe said to call so you can receive a free copy of the CD interview I did with Frank Barbera, along with a free American Advisor Newsletter. Call Goldline at 1-877-341-2646.

Investors should contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver investments that are available to you. Select those that best meet your own personal and individual investing needs and objectives. Investors 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.

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 an investment. Call Goldline at 1-877-341-2646 now to receive your free information package.