NEW GLOBAL CURRENCY IS COMING

Gold fell $22 in early trading and silver is down $.30, as some of the safe haven demand for gold has evaporated now that the stock market has posted a huge rally and the Federal Accounting Standards Board has modified the mark-to-market rule. It is the changing in the mark-to-market rule that caused the stock market to soar. The Dow is up 188 points at 7,949. Oil is also higher by $3.25 at $51.63 a barrel. Oil traded as high as $52.36 earlier in the day. The dollar is down 98 basis points at 84.55 on the index. Conditions are very thin in the market so trading is somewhat exaggerated.

Analysts are still awaiting the communiqué from the G20, however there have been enough leaks to know that that G20 will come up with some useful things such as $2 trillion in government stimulus programs or tax cuts, more coordinated regulation of the financial markets including hedge funds and the modification of these mark-to-market rules.

Gold has fallen through the $909 to $910 support level and that opens the way for a test of $900. Thus far, gold remains in its well established trading range of $880 to $950. Much of the rally in equities and the new found enthusiasm for stocks relates to improvement in the financial stocks now that the mark-to-market rules have been changed. I have commented repeatedly that easing the mark-to-market rules would help to improve the banking problems. This should assist in providing some stability, however many questions still remain. It will also help to allow credit default swaps to expire worthless, which was some of the more serious problems.

One of the other pieces of information leaking out of the G20 meeting is that the IMF is going to get an enormous infusion of additional cash from the major countries. China will be contributing to the donations to the IMF. They are apparently going to increase the amount of reserves in the IMF to something in excess of $700 billion. China will get greater voting rights.

In the U.S. economic news, factory orders rose 1.8% but that was less than expected. Durable goods orders were up 3.5% for February. There are also some other promising economic statistics that have been released today, which further helped the equity market and put some pressure on gold. On the other side of the equation, new claims for State Unemployment Benefits jumped last week to a 26-year high with new claims increasing 12,000 to 669,000 in the week ending March 28th according to the Labor Department. They now report that the U.S. economy has lost 4.4 million jobs since the recession started in late 2007. The recent jobless claims figure suggests that the report we get tomorrow on March unemployment is likely to be worse than expected pointing to a loss of 700,000 jobs.

The ECB lowered interest rates today and indicated that more rate cuts maybe ahead.  However, rates were cut less than expected to 1.25% from 1.5%.

The correction in gold today appears to be a washout bottom type formation. Once the formal G20 meeting communiqué is released we may actually see this market rally, going into the close. I think gold presents an excellent buying opportunity. Throughout this major bull market that has been in place since 2001, the corrections that have lead to a bottom and reversal have been dramatic. Those who have utilized Goldline's Price Guarantee Program have had some measure of protection from this correction. This has been a valuable tool for Goldline's investor clients. Goldline is the only company that offers such a Price Guarantee Program. Call Goldline today and ask them about the details at our new number, 1-877-341-2646 or 1-877-341-COIN.

In addition, investors should ask for the free information package. It contains three major articles calling for a replacement of the dollar as the world's reserve currency. The move to a new global currency will have significant impact on today's savers and investors. In addition, there are articles quoting a number of major banks and brokerage firms talking about gold rising to as much as $2,500 an ounce in the next several years. You will also receive a free copy of two articles from Forbes.com that speak to the potential for formal devaluation of the dollar. These are all important issues for all investors to consider. Tell them that "Joe said to call" and ask for a free copy of the CD interview I did with Frank Barbera and a free copy of the American Advisor Newsletter. Call Goldline at our new number 1-877-341-2646 or 1-877-341-COIN.

I encourage readers of these reports to call in on my radio broadcast. You will learn a great deal from the discussions that we have on the air. Moreover, everyone who is on the program will receive a free silver coin, encapsulated by a grading service with a retail value of about $30. Call on the air today to receive your free coin. The on-air number is 1-877-341-2646 or 1-877-341-COIN.

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. 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 our new number 1-877-341-2646 or 1-877-341-COIN 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 our new number 1-877-341-2646 or 1-877-341-COIN. 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 our new number 1-877-341-2646 or 1-877-341-COIN now to receive your free information package.