METALS FIRM

by Joe Battaglia | January 13, 2010

Gold is again trading above the 50-day moving average, lifted by a weaker dollar. The dollar is down 21 basis points, and gold is trading up $3. Silver is up $.21, although platinum and palladium are lower. The fact that gold quickly regained the 50-day moving average was a positive sign, said Tom Pawlicki, analyst with MF Global to Dow Jones Wire Service. GFMS just forecast that gold will exceed $1,200 an ounce by the second quarter of this year. They are one of the most knowledgeable metals analysts in the business. Their opinion is that gold will make new record highs in 2010 on increasing demand for gold.

Weakness in the dollar today was related to statements from a Bank of England official suggesting their central bank may be reaching a point where it should take a break in its quantitative easing. At the same time we know the Fed intends to continue to adopt a very easy monetary policy and continue to try to support the economy.

Analysts also said that some traders might have used yesterday's pull back as a bargain hunting opportunity overnight. One negative for the gold market today is that oil continues to skid falling below $80 a barrel. It is currently trading down $1 at $79.79 a barrel. On balance however, gold seems to have excellent support at these levels and continues to appear to be a great bargain buying opportunity. GFMS is an excellent forecaster. Last year they won the London Gold Bullion Market Association record for the best forecast for both gold and silver. In fact they predicted the prices for gold and silver last year almost to the dollar. Consequently, a lot of weight will be put on their forecast by many investors and institutions.

If you are interested in acquiring precious metals at these bargain basement prices, call Goldline at 1-877-341-2646. They will be happy to assist you in getting started and in addition they will be very happy to provide you with a free information package that will give you the views of many of the top analysts in the investment banking business. You will see that may are forecasting gold to rise about $1,200 in the first half of the year, perhaps over $1,400. You will also get the opportunity to read the views of Philip Klapwijk who is the head of GFMS in the American Advisor Newsletter. Goldline will provide you with a copy of that newsletter absolutely free. It is normally a $25 value. Call Goldline now at 1-877-341-2646 to receive the free information or for assistance in getting started with precious metal assets.

Ask Goldline to explain the features, benefits and cost structure of the various gold and silver products that are available to you. 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, 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 on gold 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 decision. Call Goldline at 1-877-341-2646 now to receive your free gold 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 Goldline's Account and Storage Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline's spread, which is the difference between the price we sell our products and the price we buy them back, generally ranges between 5% to 20% on our most common bullion products and 30% to 35% on all other products including our popular European francs, proof coins, silver dollars and half-dollars, and graded coins. 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 1-877-341-2646.
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