GOLD TESTS $960

July 27, 2009

Gold is up $2 and silver is up $.16 in early trading. Gold is now trading above $955, after testing as high as $960. Once gold can push above the $960 to $965 range, it will be on its way to $990. I suspect this week should prove to be a constructive one for the precious metals sector. Platinum and palladium are also up nicely. The metals are supported by a weaker dollar, down 21 basis points at 78.57. Also, oil is about unchanged at $68.07 a barrel after reaching as high as $68.99. Seventy dollar oil now seems on the cards. This is just one of many signs that inflation is likely to emerge sometime next year. As investors begin to anticipate rising inflation, they will continue to sell the dollar and buy gold.

Many of the analysts believe the market looks very constructive. They are focusing on gold hitting as high as $1,000 by early fall. Some analysts think $1,000 could be hit in September. By year-end, we have a number of analysts who are looking at $1,100 to $1,200 an ounce. Whether gold reaches that high remains to be seen. However, from current levels a rise to more modest level of $1,000 would represent a 5% gain in the second half of the year. Add that to the gain earlier in the year, and we have a positive performance year on year. Moreover, gold continues to set new average highs for the year. That is a positive development, suggesting much higher prices are yet to come.

There is a growing perception that the world wide economic crunch may be drawing to a close. If that is the case, then the expectation of higher inflation becomes more prominent. Given the macro economic drivers and the technical outlook for the metals, I think they are an excellent buying opportunity at these levels.

Call Goldline today at 1-877-341-2646 for assistance in getting started with gold or adding to your holdings. You may wish to get information on gold in IRA accounts or 401(k) rollover accounts. You may also wish to learn more about Goldline's Price Guarantee Program and other special features that are offered by Goldline that no other company provides.

The President has been working with the Chinese Premier to attempt to calm their fears about the dollar and U.S. economic policies. He also called for a deeper economic engagement. A careful reading of his comments points to the fact that the Chinese are very concerned about the dollar falling significantly. They are concerned about the soaring U.S. deficits and clearly they are moving away from dollars. They are broadening the use of their own currency as a reserve unit and they are taking other steps continuing to call for a new global reserve currency. All of these factors are important in expressing the view that gold is likely to move considerably higher over the coming years. This is why the President said the two most important people to develop a relationship with China and work out the difficulties are the Treasury Secretary and the Secretary of State. It seems unusual that a Treasury Secretary would have such a prominent position in negotiations with a foreign country. I think the realization of the problems that our country faces with regard to the debt and ongoing deficits is significant for investors. We should be aware and alert to the fact that the dollar is likely to continue its downward trend. Those who position themselves correctly will protect and preserve the buying power of their money and will continue to see excellent gains while others suffer.

Call Goldline at 1-877-341-2646 to learn more about these issues. Be sure to ask for a free copy of the American Advisor Newsletter. In that newsletter is an article by Philip Klapwijk discussing China and its demand for gold. This is very enlightening for all who read it. Also, read the other articles and information about the currency and the precious metals markets. Call Goldline at 1-877-341-2646 to get started today.

Investors should ask Goldline 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, Swiss 20 Francs, 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.

†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.

Get Your FREE Investor Kit!
Learn how to acquire Gold and Silver
Complete the form below to receive your FREE kit:
Title:
First Name:
Last Name:
Phone:
Zip:
Please check this box to sign this form and confirm that Goldline may send its free investor kit to you and contact you using the phone number above.
Address:
 
City:
Country:
State:
Zip:
Please check this box to sign this form and confirm that Goldline may contact you using the email address above and send its free investor kit to you for free.
Your Investor Kit will include
  • An Introduction to Precious Metals
  • Advantages of Owning Gold and Silver
  • Popular Coins and Gold Products
  • How to Acquire Precious Metals and Rare Coins