METALS MOVING UP

by Joe Battaglia | September 28, 2009

Precious metals are slightly higher along with oil and equities. The metals are moving up, with gold establishing firm support above $990. Given the large up move we saw over the past few weeks, a correction and consolidation is certainly within normal limits, according to analysts on the Dow Jones Wire Service. Last week one prominent analyst Bob Haberkorn, a senior market strategist with Lind-Waldock said, "It's a healthy correction. We were a little overbought and were not able to make new highs in the gold market. We had some profit-taking based off strength in the dollar." Dow Jones said, "Still the chart remains constructive for gold, Haberkorn said."

Today Dow Jones reported Frank Lesh, saying that gold is up ticking on a technical bounce. They also pointed out that traders are monitoring the dollar. The dollar is up 28 basis points today, which normally would cause gold to be lower, but gold is up $1.70. That is indicating some strength in the gold market. Oil is up $.48. Managed funds have been notable buyers of both gold and silver over the past week, according to Dow Jones Wire Service. Moreover, Dow Jones Wire Service reported that Afshian Nabavi head of trading and physical sales at MKS Finance said that dips in the gold price would be supported by physical buyers. That of course is another positive indicator for gold.

Gold apparently is a buy on the dip and that should be taken advantage of by today's investors. Call Goldline today at 1-877-341-2646 for assistance getting started with gold. Some may wish to take advantage of Goldline's Price Guarantee Program, which is available to you. Ask Goldline about the details at 1-877-341-2646. You should also ask for the free information package, which contains investor information on gold and silver. If you call today, you may also ask for a copy of the CD interview with Peter Grandich, which I think you will find very helpful. Call Goldline now at 1-877-341-2646.

Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver investments 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, 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 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 an investment. 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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