
HISTORIC INAUGURATION DAY
Gold is up nearly $14, with silver unchanged and platinum and palladium both slightly lower. The dollar is soaring today as President-Elect Obama is inaugurated as President of the United States of America. Congratulations to our country on this historic and momentous occasion. The dollar is up 145 basis points at 86.18 and oil is about unchanged at $36.50. However, the Dow Industrials are down 166 points on a collapse of State Street Financial, which fell 40% and further declines in bank stocks and other financial sector firms. Many of the banks are hitting new lows evidencing continuing severe stress in the financial sector. Gold is up on risk aversion and safe haven buying, as banks seemingly want to hoard dollars. There are now renewed worries about United Kingdom banks with the British pound under heavy pressure. The British are discussing the same issue as the U.S., that of setting up a "bad bank" to buy the "bad assets" from commercial banks. This nationalizes all of the losses if it goes forward.
Gold on a technical basis is looking good breaking above the 20-day moving average and headed for resistance at the 200-day average of $862.30. Gold is also trading nicely above the $850 level, again demonstrating a solid bias to the upside. Gold tested that overhead resistance at $862 this morning, reaching as high as $861.40 on the February contract before easing back. Analysts say if gold pushes above that $862.50 level it will be targeting $885, the next significant resistance level.
One analyst told the Dow Jones Wire Service they think platinum is going to get a solid bid at this point and think it may rally $200 from today's levels. The World Gold Council reported in its annual report that gold benefited from its traditional role as a "safe haven" last year, when other markets tumbled. While coin and bar data are still being compiled, they said that anecdotal evidence shows that demand for physical gold was very strong. During the 1st quarter restocking for bars and coins should be a significant source of demand for gold according to the analyst. This morning notable buyers are the funds and banks. Dow Jones Wire Service said, "Two banks in particular had been 'relentless buyers'." This analyst said buying on behalf of funds, as currency is the feature of the day.
All of these factors suggest that gold is a buying opportunity. As we have been saying right along, it has been in a consolidation range and is looking as though it is going to break out of that range to the upside. You may wish to take advantage of the opportunity to acquire gold in the $850 range before it moves on. Many analysts are forecasting gold to reach above $900 in the next few months and some analysts like Merrill Lynch and many others are forecasting gold to rise to $1,150 before June. With the high expectations this year for around $2,000 an ounce as expressed by Citibank and several others. Remember the editors of Barron's Magazine have forecast gold at $1,200 this year, and Fred Hickey in the Barron's Round Table article said he thinks we could see gold at $2,000 before year-end.
To receive the free information package from Goldline, which contains quotes from many of the prominent analysts, call 1-877-341-2646. They will be happy to send you the free information package, including an article from Forbes.com, which calls for the formal devaluation of the dollar as a way to pull the country out of this severe malaise and to alleviate the financial crisis. If you would like to get started with gold, Goldline will be happy to assist you today. They have all gold and silver products available for you, including the Austrian 20 Francs and the 2009 First Strike Gold Eagles in mint state 69 condition. These coins have been nearly sold out, so if you are interested in them you should act quickly. Call Goldline at 1-877-341-2646, to learn more or for assistance in getting started.
Contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver products that are available. Select those that best meet your own personal and individual needs and objectives. Those 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 and how you may be able to receive free coins.
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 a purchase. 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.

- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."


