GREEK DEBT WORRIES INFLUENCE DOLLAR, PRECIOUS METALS

Gold and silver both fell sharply this morning on a stronger dollar. While the dollar index is only up 15 basis points at 80.91 it nevertheless was stronger against the euro and that seemed to be the key factor pushing gold lower. Once it broke near term support it fell $13 while silver fell $.38 in early trading. Gold is now trading just slightly below $1,100. Whether it rebounds back above $1,100 remains to be seen. Gold remains bullish so long as it holds above approximately $950 an ounce. It is unlikely to drop to that level, however those who would like to take advantage of the bargain buying opportunity that is presented today may wish to utilize Goldline's Price Guarantee Program. Call Goldline at 1-877-341-2646 and ask them for the details on that special program.

Continuing worries about Greece's debt problems are influencing the dollar and precious metals. There are also worries about the potential for increasing interest rates in emerging economies, which will exert pressure on commodities in general. In the longer run people will begin to recognize that interest rates are rising because inflation pressures are building. That should be long-term bullish for gold. Steven Platt, analyst with Archer Financial Services said, "It looks like the Greece problems are a persistent worry and continues to force movement into the dollar." The euro is trading at a two-week low after weekend comments from German Chancellor Merkel which were seen as damping expectations that a European Union summit later this week will result in an agreement on any kind of aid package for Greece, according to Dow Jones Wire Service.

The passage of the health care reform bill last night has been essentially a non-event for the markets. A number of health care companies will benefit from the new law, as will pharmaceutical companies, hospitals and others. As a consequence a number of medical sector stocks have moved to the upside. At some point we need to be concerned about the economic consequences. Will the CBO cost scoring of the program prove to be accurate or will the new law cause further budget deficits and increases in the national debt? All of these issues remain to be seen. In general, entitlement programs end up costing more than previously anticipated. Thus it may have a longer-term negative impact on the dollar and a longer-term positive impact on the gold market.

In the big picture, gold and silver are in massive major long-term bull markets. Therefore, the corrections should be viewed as buying opportunities. Gold is still range bound and there is nothing that has occurred in the markets to alter that view. Consequently, we may see some bargain buying emerge fairly soon to pop this market back above $1,100. Those who would like to get started with gold or to add to your holdings on the pull back should utilize Goldline's Price Guarantee Program to provide you with a two-week window of opportunity to re-price your order and get more gold or silver for your money in the event the correction extends. Call Goldline at 1-877-341-2646 to learn the details of this special program. Ask them also about special offers that may benefit you. In addition, ask for the free information package, which contains an excellent series of articles from major banks and brokerage firm analysts that you will find helpful and informative. 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 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 investors package.