METALS EXTEND GAINS

Precious metals extended their gains this morning with gold up $3, silver up $.07 and platinum up $9. The U.S. dollar is about unchanged trading down 2 basis points. Oil is up $.86 at $82.56 a barrel and seems to be likely to hold above $80 for the foreseeable future. OPEC partners indicated that they are comfortable with oil in this price range.

Yesterday, the Fed left their policy outlook basically unchanged. They indicated that they will continue to hold interest rates at extraordinarily low levels for an extended period of time. This provided an additional boost to the gold and silver markets. It was reported this morning that producer prices fell 0.6% last month, which is substantially below expectations. Nevertheless, it did not have a negative impact on the precious metals market. This is another indicator of strength in the precious metal sector.

Francis Bray, technical analyst for Dow Jones Wire Service said that the short-term prospects for gold have improved considerably after forcing a break above $1,119.50. The $1,134.30 resistance is the next target and from there the next prospect for gold is to push above $1,141.20. Moreover, he said it would create scope for a full retracement of the set back of the March 3rd reaction high at $1,145.80. In other words, over the short-term the gold market is looking quite bullish and the expectation is that it will head considerably higher. Many analysts think $1,150 to $1,200 are now clear prospects.

Today Goldman Sachs raised its 12-month gold forecast from $1,380 to $1,390. They obviously anticipate that the fundamentals for gold are positive and that there are a number of factors that could carry gold up to those levels over the coming 12 months. In fact, their previous forecast was for $1,380 before this year is over. Given the bullish technical and fundamental outlooks, investors are turning to gold in a more significant and aggressive manner. We see some of the most wealthy and successful investors in the world, like George Soros, David Paulsen and others who are acquiring huge amounts (billions of dollars worth) of gold. Therefore, it seems reasonable for most investors to have some diversification into precious metal assets.

If you have not diversified into precious metals yet, or you do not have a sufficient quantity of precious metals, call Goldline now so they can assist you in properly diversifying your holdings. Call them at 1-877-341-2646 to get started and to receive a free information package, which contains excellent information on the precious metals markets as well as other information you will find to be helpful. Call Goldline 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 information package.