
METALS RISING AGGRESSIVELY
Gold has broken away to the upside gaining $28 in early trading. It has last traded in the April contract at $970, after reaching as high as $973. Silver is up $.38 at $14.01 an ounce. Silver was $.04 higher. In other words, these metals are rising aggressively and holding onto the gains. There are a lot of people on financial talk television recommending gold as a hedge against future inflation. They are also saying it is about the only place to be where the market is going up, rather than down. The Dow Jones Industrial Average is down 270 points at 7,580. It is very weak and could now be headed into another down-leg in a major bear market. The Nasdaq is down 63 points at 1,471; the Transportation Index is down 171 points at 2,787; and the S&P 500 has broken below 800, which actually gives a sell signal and it is trading at 792 down 34 points. The dollar is up 102 basis points at 87.67 on a flight to safety. Meanwhile, oil is down $2.10 at $35.41 a barrel.
Be mindful of the fact that this report is being written 20 minutes after the market opened. The collapse in the equity market is very troublesome for stock investors. I suspect many stock investors will be shifting money out of equities into gold and silver. They certainly offer a better performance over the past eight years. In fact, if you look at the various equity indices so far this year, they are all in negative territory, some dramatically so. While precious metals are uniformly in positive territory posting gains that most people would be happy to see in a year, in a matter of two months.
Therefore, if you have not gotten into the precious metals yet, you should do so at once. I believe, as do many analysts, that once gold breaks out above $1,000 an ounce, it will probably make new all time record highs. The editors of Barron's Magazine have been forecasting that gold will reach $1,200 this year; Merrill Lynch said they see gold at $1,150 before June; and some analysts are talking about $2,000 being a possibility for this year. I wouldn't rule out any of those possibilities. Of course, one can expect significant corrections along the way, and they will be a normal part of any bull market. However, if you have not gotten into this market yet, I think you are wasting time and money.
You should make a move to protect yourself from further losses in the equity market. Whether you chose to do so with CDs, Treasury Bills, gold or whatever, I think it is important to give some consideration and thought to the possibility that stocks could move dramatically lower, particularly if the stimulus plan fails to work as hoped. In addition, the details of the bank bailout have yet to be announced. It is likely going to be $2 trillion worth of additional expenditures. I saw some analysts on television over the weekend indicating in their opinion and the opinion of many prominent economists, the entire cost of this fiasco over the next two years maybe as much as $9 trillion. That would virtually double the national debt. In my opinion and that of many others, that amount of debt is not sustainable.
The only alternative will be for the government to print money, thereby destroying the buying power of the dollar. I think in time, the G20 nations will force a formal and perhaps coordinated devaluation of currencies, but in particular formal devaluation of the dollar. I also think the world is in the process of preparing to move away from the dollar as the sole reserve currency. How that plays out or develops is unknown. However, gold is the ultimate form of money. It doesn't make any difference what kind of a monetary standard they go to, gold will always maintain buying power based on its historic performance.
Preservation of wealth is a key factor in people's decision to own gold at this time. If you are concerned about preserving what you have worked a lifetime to accumulate, I suggest you give serious thought to acquiring gold today. Call Goldline at 1-877-341-2646 for assistance in getting started. Ask them about their special offer where you have a choice of receiving free shipping or you may take advantage of Goldline's Price Guarantee Program. Be sure you ask for the free information package. It contains the CD interview with noted analyst Frank Barbera. In this interview he has forecast most of the things that are happening now and I believe he will give you great insights into what might be happening over the remainder of this year and the next two years. You should listen to what he has to say. The free information package also includes quotes from major bank analysts and economists, which help you to understand the reasons why people are accumulating gold and the reasons why they believe gold will make a dramatic move to the upside over the next few years. Call Goldline at 1-877-341-2646 today to receive your free information package.
Investors should contact Goldline and ask them 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, 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 and how you may be able to receive free coins.
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.


- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."









