PRECIOUS METALS TRADING PATTERN ENCOURAGING

Gold was up $11 in overnight trading, reaching a high of $926.50. However, in the New York Market some of that gain was erased, with gold up $5 and silver up $.37. Silver is trading at the high of the day at $14.06 on the nearby futures contract. The dollar is down 8 basis points at 83.72 and oil is up $2.10 at $58.44 a barrel. It is remarkable how quickly oil has moved higher, given the fact that the world economy remains quite weak. Clearly, we see a great deal of volatility in these markets. With the economic conditions in great flux, it is no wonder that we see volatility.

New applications for jobless benefits plunged to the lowest level in fourteen weeks. They fell to 601,000. They had been expected to be significantly higher than that. However, even with the big drop in new applications, claims remained at very elevated levels. Even if the recent declines signal that layoffs have peaked, economists don't expect them to return to pre-recession levels anytime soon. In fact, the jobless rate is expected to keep rising through the remainder of this year and perhaps into next year. The government unemployment data will be released tomorrow and analysts expect the unemployment rate to climb to 8.9% from the current 25 year high of 8.5%. Moreover, many expect the jobless rate to hit 10% by the end of the year.

The trading patterns in the precious metals are encouraging. Gold seems to be moving decisively above the $910 resistance, opening a way for a challenge of $934. Some analysts believe that a break above $934 will carry gold back to $1,000 an ounce. This could happen quickly. Philip Manduca, who has had an extraordinary success ratio in his forecasts, said gold could be at $1,000 an ounce in the very near future. He also thinks gold could be over $2,000 by the end of next year. So far, the forecasts of Manduca seem to be holding up well. We now see fund-buying coming into the market according to George Gero, Vice President of RBC Capital Markets. Momentum traders are moving into the market and the Comex indicates there is a good deal of longer-term buying going out to December.

The ECB announced today that it plans to buy covered bonds. This is a move towards what they call "quantitative easing" or "money printing" in an effort to help their banking system. They are making strong efforts on a number of fronts to help their economy rebound. The ECB also cut its interest rate by 25 basis points, down to 1%. All governments around the globe are making extraordinary efforts to help their economies through printing money. The result is that currencies competitively devalue against one another.

In the overall picture, the only form of money that is really holding steady and improving throughout this entire economic crisis has been gold. Gold has benefited from safe haven demand and from demand emanating from the expectation that inflation rates are nearly certain to rise over the next few years. All and all, the market conditions for precious metals look very good. This is a great opportunity to acquire precious metal assets. They will not be at these bargain-basement prices for long, given the forecasts of major banks and brokerage firms.

Everyone should have some diversification into precious metal assets. When you look at the explosion of government debt and the anticipated increase in the national debt to something in the range of $14 or $15 trillion over the next three or four years, it becomes clear that this is an important time to own precious metal assets and to be properly diversified. The great volatility that is seen in the equity markets and other markets also is an important consideration prompting investors to own precious metals.

Call Goldline today at 1-877-341-2646 for assistance in getting started with your gold holdings. Have them explain the various features and benefits of assets available to you. We are also giving away a terrific free information package that you will find very helpful and informative. It includes articles that discuss the development of a new global currency, the formal devaluation of the dollar, price forecasts of major banks and brokerage firms for precious metals and a variety of other topics you will find very helpful. Call Goldline now at 1-877-341-2646 to receive your free copies of this material. In addition, we will give you a free copy of an interview I did with Frank Barbera in the past couple of weeks. It is helpful and informative. You will also receive a free copy of the American Advisor Newsletter, a $25 value for free. Call Goldline at 1-877-341-2646.

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 1-877-341-2646 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 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.