METALS BURST HIGHER

by Joe Battaglia | April 23, 2009

Gold and silver are both up slightly with gold trading higher by $2 and silver up $.03. The dollar is about unchanged and oil is up $.69 at $49.54 a barrel. The Dow Industrials are down 26 points. Jobless claims surged more than expected, rising to 640,000. Continuing claims topped 6.1 million. Again, this shows that the economy is continuing to weaken. Moreover, General Motors indicated they will close most of their factories this summer for six weeks. That would create a significant increase in the levels of unemployment and would be a further problem for the economy. A number of additional job losses were announced this week totaling in the thousands.

In addition, after all of the promises made by the G20, it now gets to the point where somebody has to approve the money they plan to spend. In the United States, a senior house Democrat said he is reluctant to provide a boost in IMF funding. Also indicating a further weakening of the economy, March existing home sales fell 3%.

As some of this news began to come out, gold and silver both began to rally more strongly. Within a few minutes of beginning this commentary, we see gold up $7. It is now challenging resistance at $900 an ounce. A break above $900 would likely carry gold up to the $950 range. Gold has been locked in this $850 to $950 range for some time. At some point it will break out of that range to the upside and when it does, I think we will be off and running to some new all-time record highs.

Looking to gold, if you examine the forecasts of some of the most prominent analysts in the world, you see there is a tremendous potential in the gold and silver markets today. For example, Fortis Bank is forecasting gold will reach $1,200 an ounce this year. If they are correct, a person who makes a purchase today would see their investment rise by 33%. That would be a phenomenal performance. If you look at a slightly more conservative estimate, GFMS is forecasting gold at $1,100 this year. That would represent an increase of 22%. And if you look at the high end of forecasts for this year at $1,500 an ounce, you are talking about a 67% potential increase. Whether you look at the high or low end of those ranges, gold looks like a tremendous opportunity.

Call Goldline today at 1-877-341-2646 for assistance in taking advantage of this opportunity. Ask them to explain the features and benefits of the various assets that are available, including Swiss 20 Francs, British Sovereigns, American Eagles and other assets. Be sure you ask them about the Price Guarantee Program. No other company offers such a program. Call Goldline at 1-877-341-2646.

Be sure you ask for the free information package, which you will find to be extremely helpful. Not only does it provide you with quotes from major banks and brokers as to their forecast for gold over the year and over the next few years, you will also find excellent information on the move towards a new global currency, formal devaluation of the dollar and other important articles. For example, many people do not know that Fed Chairman Bernanke said in 2002 that it was the devaluation of the dollar and rapid increase in the money supply that ended the depression and further it produced one of the best years of the century for the stock market. Consequently, we have two free articles discussing the potential for formal devaluation of the dollar. Call Goldline now at 1-877-341-2646 to receive the free information package. Be sure you tell them "Joe said to call" and ask for a free copy of the American Advisor Newsletter, a $25 value, and a free copy of the CD interview I did with Frank Barbera. All of this information will be very helpful. Call Goldline at 1-877-341-2646.

Investors should 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 investing needs and objectives.& Investors 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.

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 decision. 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.

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