IMF CALLS FOR HIGHER INFLATION TO EASE DEBT BURDEN

Gold and silver were higher overnight but fell back shortly after the New York open. The markets are quiet this morning with the dollar down slightly, oil up a nickel and the Dow up 2 points. Overnight gold reached a high of $1,131.50 an ounce, its highest point since January 20th. The rally initially resulted from the euro rallying, which provided the initial strength for gold. However, as the euro fell back, it pressured gold and consequently the gains were erased and the market turned slightly negative in the New York Comex.

MKS Finance told the Dow Jones Wire Service that gold is proving resilient to U.S. dollar strength, despite last weeks flurry of potentially bearish news, which could have caused the precious metals to decline. These events included the IMF sale announcement and the Fed's discount rate hike. However, investors are likely to remain cautious they said as the market of the last few days as confirmed conditions though may remain volatile for some time. MKS sees initial resistance at $1,130. Some other analysts think that gold remains trapped within a range of $1,100 to $1,125. It will take a decisive close above the $1,125 level to prepare for an attempt at overcoming resistance at $1,130. Nevertheless, one can see that the upside is being challenged and in the not-too-distant future there is a good chance that a breakout could occur.

Gold seems to be able to absorb all of the negative news and continues to hold steady to higher, which is another positive signal from that market. Investors should take advantage of the opportunity that gold presents during this period of consolidation. Goldline offers the Price Guarantee Program to help investors to feel more secure in making their commitment to gold at these levels. Call Goldline at 1-877-341-2646 to learn the details on this special program. Moreover, you should ask for the free information package, which contains excellent information on investing in precious metals. On Friday we put a brand new article into the information package from the Dow Jones Wire Service. It talks about the demand for gold rising following calls from prominent economists including the head economist at the IMF recommending that Western Countries with heavy debt burdens devalue their currencies in an effort to reduce the problem of the debt and prepare themselves for growth ahead. Juerg Kiener, a prominent fund manager said that the IMF paper was "pre-selling" what's to come, "A global trend towards dilution of debt, some of it transferred from the corporate to the public sector via bailouts and emergency loans, since the start of the latest crisis. They are preparing the world for a higher inflation environment and that means debasing the purchasing power of all currencies." Read this article carefully. It provides excellent insights into the future for these markets. The Wall Street Journal carried an article on this issue. They said inflation of 4% would help debtor governments. Call Goldline at 1-877-341-2646 to receive this free information package. You can also have a free copy of Goldline's newsletter and a free copy of a CD interview with Philip Klapwijk, which you will find very informative. Call 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.