
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.
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- 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..."









