HIGH LEVEL CONSOLIDATION...

... Followed by Significant Move to the Upside

Gold and silver are both near unchanged, but with an upward bias as gold is up $.60 and silver is up $.04. Both are gaining strength from the fact that the dollar is down 19 basis points. Analysts report that in their view the metals are still consolidating with some recent profit-taking after gains earlier this spring. Oil is firmer, up $.45 at $71.82 a barrel after being as high as $72.30. The equity market is higher, with the Dow up 40 points.

Standard Bank says technicals are dominating, trading in the precious metals for the moment. We must remember that this time of year is normally the quietest for the precious metals complex. Very often we see significant corrections during the month of June. However, this year gold has held firm at these levels and is probably going to make another move higher as we move into the autumn. For the moment, gold and silver both present excellent buying opportunities during this period of consolidation. We have seen consolidations of this nature repeatedly. I have often referred to them as "high level consolidations." Each has been followed by a significant move to the upside. Remember, every single year since the year 2000, gold has made a higher average price rising from about $252 all the way to levels we are at now. Along the way we have seen corrections every year. Nevertheless, the market is poised for further gains in the near-term.

Mark Hulbert of the Hulbert Financial Digest said that his indicators suggest gold is a buying opportunity at these levels. He believes the bull market will extend higher. The Aden Sisters report says we are about to enter a massive up move in the precious metals. They forecast gold will make new all time record highs during the up cycle we have just entered. In fact, they think $1,200 is a reasonable target for this year, and possibly higher. Many other analysts share the same or similar views. For example, BofA/Merrill Lynch is forecasting an average price of $1,000 an ounce. In order to achieve that level gold would have to be over $1,100 between now and the end of the year. Fortis Bank is forecasting a high of $1,200. The editors of Barron's Magazine forecast a high of $1,200. Therefore, a number of prominent, responsible, and respected analysts are looking for gold to make much higher levels. Some believe gold will move even higher than what has been suggested by those cited.

One of the more important pieces of information that I have come across in recent months is that two Japanese citizens were detained at the Italian border attempting to cross into Switzerland with $134.5 billion worth of U.S. government treasury bonds. These are bearer bonds that are fully liquid and negotiable. It is the essential equivalent of carrying cash. This is notable because it is an enormous sum of money. $134.5 billion would make these individuals the fourth largest holders of U.S. government debt in the world. Second, it is notable because these are bonds that would only have been issued to a central bank as part of their dollar reserves. The denominations run from $500 million to $1 billion for each bond. No individual could own those bonds. Therefore, we must wonder whether (a) the bonds are counterfeit – highly unlikely; (b) some central bank is surreptitiously dumping dollars - likely or (c) some central bank is moving its currency reserves into Switzerland for fear that these reserves could be lost due to war or some other major calamity such as revolution or a coup. However, the sums are so large that only China, Japan or the U.S. government could be involved.

Whatever the case might be, the sums are so large that it calls into question the ability of the U.S. government to maintain control over its monetary reserves. Since that is the case, it could have a dire impact on the dollar. For some reason this news has been squelched in the United States. Bloomberg Wire Service is now challenging and questioning why the news is being censored. I suspect it is because the notes are legitimate and the U.S. government does not want the embarrassment and problems that would come with this information becoming widely known. Once again, this is an enormous reason to accumulate gold at these levels.

Call Goldline at 1-877-341-2646 and join in with these prominent analysts to accumulate gold at these levels. Remember, as I have said, Larry Jeddeloh is recommending that investors buy gold between $910 and $950. We are clearly in that excellent buying zone right now. Ask Goldline to explain their Price Guarantee Program, which provides you a two-week window of opportunity to re-price your transaction and get more gold or silver for your money in the event of a correction. Ask them also to explain the various gold and silver assets that are available to you. Learn more about Swiss 20 Francs, British Sovereigns, Double Eagles and other assets that present excellent investment opportunities. Also ask about putting gold and silver in .

Be sure you request the free information package from Goldline. It contains excellent information about investing in precious metals and it contains information on the dollar. There are two articles that discuss the movement by the BRIC countries to achieve a new global reserve currency to replace the dollar. In addition, there are articles that discuss the potential for formal devaluation of the dollar. Those articles come from Forbes.com. Call Goldline at 1-877-341-2646.

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.