METALS POST EXCELLENT GAINS

by Joe Battaglia | August 28, 2009

The metals have posted excellent gains, in spite of the fact that the dollar is up by 4 basis points. Gold is up $13 and silver is up $.55, just prior to the open. Platinum and palladium are also posting outstanding gains. Gold is now threatening to breakout above resistance. It reached a high of $964.60 this morning. Gold and silver have both been setting up for breakout moves. It now would appear that the breakout is going to occur on the upside. As we push into the month of September, a number of analysts believe that the metals markets will move dramatically higher.

Yesterday, Jeffrey Christian, managing director of CPM Group said once investment demand surges, gold will skyrocket to $1,000 an ounce. Barclay's Bank is forecasting that gold will push above $1,033 in September. Merrill Lynch, JP Morgan/Chase Bank, Standard Chartered Bank and many others also see gold moving substantially higher. Perhaps a good deal of this is due to the fact that all of the stimulus that has been pumped into the system is expected to cause an inflation rivaling that of the 1980's. Senator Grassley warned that we could see hyperinflation of 13% plus unless the Fed dramatically reduces money supply. However, if they do the economy will crater. If they continue on the present course, the dollar will crater. I think the dollar will be sacrificed at the altar of growth. The time may be rapidly approaching where it will be impossible to buy gold under $1,000 an ounce. The next big leg to the upside is about to commence according to the Adens and many other analysts.

Call Goldline today at 1-877-341-2646 to add to your holdings or to get started with precious metals to protect your wealth and your purchasing power. You should ask for the free information package, which contains quotes from some of the most prominent analysts in the industry. You will learn their reasoning and logic for believing that gold will head dramatically higher over the coming months. In addition, you will receive information discussing the potential for the replacement of the dollar as the world's reserve currency and formal devaluation of the dollar to reduce the burden of debt for Federal and State governments. All of this information will be helpful to you. You will also receive a free CD interviewing a prominent market analyst. You will find his comments and observations to be helpful as well. Call Goldline at 1-877-341-2646 to receive your free information package.

Ask Goldline 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 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 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 purchase. 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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