A NEW BANK BAILOUT PROGRAM?

Gold started the day lower, but rebounded quickly to unchanged levels while silver gained $.24 in early trading. The dollar is down 24 basis points at 85.81 and oil is down $1.85 at $39.31 a barrel. Oil is in some serious trouble with some expecting the Saudi's or others to take serious action to increase prices.

The Dow Industrials are rallying on the rumors that Tim Geithner, the new Treasury Secretary will unveil a new bank bailout program. It is widely rumored that the bailout program would include some suspension of the mark to market rules. By doing this, they will automatically alleviate a lot of the losses on the books as the banks will be able to carry some of these toxic assets on their balance sheets at their nominal or face value rather than the value at which they could be sold. In addition, there is a rumor that the government may guarantee against a certain amount of loss on toxic assets. Whether these rumors are true or whether they will work to alleviate the problem remains to be seen. However, there will still have to be a huge amount of money put into this system, perhaps over $1 trillion. Some are saying the government will use $100 billion of the TARP funds as collateral to borrow another $900 billion from the Fed. Once again, this is simply "smoke and mirrors" to paper over the problem.

Nevertheless, that prompted the stock market rally and helped gold recover from an overnight dip. While risk aversion may abate under the circumstances of a bank bailout, I think there are a lot of people who recognize you cannot create this much money out thin air without it effecting the purchasing power of the currency. What we are seeing is currency debasement on an epic level. See the editorial by George Melloan in today's Wall Street Journal.

The economy continues to skid. The economy lost 598,000 non-farm jobs in January. That was the most since 1974 and well above the expected 525,000 drop. December was revised to show an even steeper decline than previously reported at 577,000. 

Silver is aggressively higher because analysts view it as extremely undervalued and presenting a great buying opportunity. That has certainly been the case with many of these metals that look way too low at these price levels. Given the economic circumstances, I think the precious metals should be substantially above where they are now.

Analyst Steven Briggs, with RBS Global Banking said: "Gold prices could go above $1,000 an ounce and probably hit a new record high in the medium-term." He has now joined with the analysts from Goldman Sachs, UBS Bank, Merrill Lynch, Citibank and many others who think gold will make a substantial move in the next several months and that it will push above its previous record high at $1,030. Based on the forecasts of analysts, this is clearly a great opportunity to acquire precious metal assets.

Investors should contact Goldline at 1-877-341-2646 for assistance in getting started. Goldline offers all forms of precious metal assets and can assist you with your personal investing needs. Call Goldline at 1-877-341-2646 to get started before the market runs up further and you miss the opportunity to pickup gold at this bargain price level. The same is true of silver. Silver looks excellent at these levels and should be viewed as a buying opportunity according to the remarks and comments of the analysts that we have been quoting.

Also ask for the free information package, which contains the actual reasoning, logic and forecasts of these various analysts. You will find them to be very helpful in your overall investing decisions. You will want to read the article from Forbes.com talking about formal devaluation of the dollar. Increasingly we are hearing talk about dollar devaluation or dollar debasement. Investors need to understand how this affects them personally. Be sure you also ask for a free copy of the CD interview with Frank Barbera. He is a prominent analyst and provides an excellent overview of what might be going on in the economy and the markets over the coming year, next year and the next few years. Call Goldline at 1-877-341-2646 now for the free CD and 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.