GOLD RISES AGAINST FIRM GLOBAL EQUITIES

Gold is up $10 and silver is up $.30 in early trading. Both are up along with the other metals in spite of the fact that the dollar is slightly stronger, trading at 80.67 on the index. Oil is also bouncing nicely, up $.87 at $79.57 a barrel and the Dow is up 38 points. Gold rose this morning after the euro rose against the dollar and with global equities generally firmer. One analyst told the Dow Jones Wire Service that gold began its march upward when the dollar index fell from its 81.34 high overnight.

Brown Brothers Harriman research notes said the euro was supported by the expectation that Greece will introduce new austerity measures to the European union. Dow Jones Wire Service also reported, "Some analysts, in their daily research reports, said gold continues to be bought against other currencies, most notably the weakening British pound, which has been hurt lately by uncertainty about looming UK elections and worries about public debt."

It is also significant that gold is trading near its upside resistance level at $1,131. The opportunity for it to break out is increasing. Silver is also looking quite solid as it works on overcoming resistance at $16.77 an ounce. It reached that level in early trading, however it is slightly below that at this point. Since the long-term outlook of many analysts and investors is for gold to make enormous moves to the upside and ultimately trade above $2,000 an ounce, it is an excellent buy at these levels. The Bloomberg article I referred to yesterday has Goldman Sachs predicting gold to reach $1,235 in three months and $1,380 in twelve months. Barclay's Capital said the metal will average $1,235 in the 4th quarter and HSBC says gold may peak at $1,300 this year. However, Charles Morris of HSBC said gold may rise to $5,000 in five years. He said that is why his fund has 11% diversified into gold.

If you would like to get started with acquiring gold or silver, call Goldline at 1-877-341-2646. They can assist you in accumulating gold and silver assets along with platinum and palladium. Moreover, they offer a Price Guarantee Program that is unique to Goldline. Ask them for the details of that special offer. You should also ask for the free information package, which provides you with quotes from major bank and brokerage analysts and information on the dollar and other factors. Call Goldline at 1-877-341-2646 now for the free information package.

Investors should 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 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 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 a purchase. Call Goldline at 1-877-341-2646 now to receive your free gold investors package.

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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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