METALS REMAIN STEADY

Gold is slightly lower along with silver as the dollar, although weaker has recovered from earlier lows. Gold is down $1 and silver is down $.07 in early trading. The principle factor influencing the metals is the fact that oil is down $1 at $70.43 a barrel. The Dow Industrials are also lower, down 43 points. Volume in the equity market has been extremely low. Stocks have been churning back and forth, but on low volume. Some wonder whether the equity rally can continue or whether there will be another correction in that market based on seasonalities. September and October are often the worst months of the year for equities. On the other hand, September, October and November are among the best months of the year for gold and silver on a traditional basis.

There are many reasons why Barclay's Bank analysts are forecasting that gold will rise above $1,033 an ounce in September. Merrill Lynch, Standard Chartered Bank, Fortis Bank and many others are forecasting gold above $1,000 as well. Most of these forecasts center around the expectation that the dollar must weaken overtime due to the inflationary impact of the enormous stimulus that has been pushed into the economy by the Federal Reserve and the Federal government. In addition, there is an enormous amount of concern over a huge build-up of debt by our Federal and State governments. Senator Grassley has warned in the past few days that unless the Fed starts draining liquidity from the system, inflation will rise to hyper inflationary levels. Of course, that would be bullish for gold. If the Fed does pull back on the money supply and the Federal government tries to reduce spending, then the economy will collapse. There does not seem to be a rosy outlook at this point. Nevertheless, there is some good economic news as new claims for unemployment fell by 10,000 to 270,000.

Another positive factor for gold is that mining companies continue to reduce their forward sales in anticipation that prices for the metals are rising. GFMS reported that the global gold producers hedge book fell by 6.2% in the second quarter. This again, is a very bullish development, as is the fact that central banks have drastically reduced their sales and many central banks have become net buyers of gold. Consequently, the fundamentals of supply versus demand are becoming better, day-by-day. While some further downside could be possible, most of the analysts think a breakout on the upside will emerge within the next several weeks.

Consequently, gold is in an excellent buying range at this time. It has been in a great buying range for the past several months. Investors who are interested in accumulating gold at these levels or adding to their holdings before a significant move to the upside may occur, should call Goldline at 1-877-341-2646. Ask them about putting gold in IRA or 401(k) rollover accounts. Also ask them about the special offer they have on British Sovereigns. In addition, Goldline will provide you with a free information package that is full of excellent information that will be helpful for all investors. It contains articles discussing the potential for a new global reserve currency and devaluation of the U.S. dollar. This kind of development would affect all investors, not just precious metal investors. The free information package also contains information from major banks, brokers and economists talking about the economy and the direction for precious metals and other assets. Call Goldline at 1-877-341-2646 for the free information package.

Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver investments that are available to you. 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, 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 an investment. Call Goldline at 1-877-341-2646 now to receive your free information package.