UBS BANK FORECASTS GOLD TO REACH $2,500

Gold started the day higher but the gains quickly evaporated in the first half-hour of trading with gold now trading down $1.40. Silver has held onto some of its gains, up $.05 in the first half-hour. The dollar is down 93 basis points at 88 on the index. The question is whether the dollar has ended its lengthy bull market run. With the Dow Industrials rising yesterday and again today breaking above 7,000 it reduces the demand for safe haven assets, such as the dollar and gold. This has put pressure on both of those assets. Oil is also softer creating another negative influence, down $1.13 at $44.58 a barrel.

In the metals markets, bargain hunting seems to be a significant feature. Also the markets are seeing some short covering as well, said George Gero Vice President of RBC Capital. There's no doubt that the consolidation process is still underway. As the Aden Sisters have said, gold is making an important cyclical low at this time. Once that cyclical low has been concluded, they believe gold will begin the most powerful up move of its entire bull market. They see aggressive increases ahead. Yesterday, UBS Bank forecast that gold is likely to rise to $2,500 an ounce in the next five years. Some of Merrill Lynch's analysts, Francisco Blanch and MaryAnn Bartels believe a technical target for gold over the next three years is $1,500 - $1,600 an ounce.

A rise of the magnitude of either of those forecasts over that timeframe would represent an outstanding opportunity. People who recognize this kind of opportunity are utilizing the correction to acquire gold and silver assets in anticipation of that up move over the next several years. If you are a person who puts some confidence in these responsible analysts at major banks, you would wish to acquire gold now, while you can do so at bargain basement prices.

Moreover, if you look at the performance of the dollar there are many who think the dollar has exhausted its bull market. If that is the case and the dollar begins to retreat, gold could make a powerful move to the upside. Some analysts have said a 15% correction in the dollar could result in a near doubling of the gold price. Whether that is an accurate forecast, remains to be seen.

Call Goldline at 1-877-341-2646 to acquire gold or to add gold or silver to your holdings. You should ask about Goldline's Price Guarantee Program, which provides a two-week window of opportunity to re-price your transaction to obtain more gold or silver for your money in the event of a correction. You should ask Goldline about the details of that special offer so you can determine whether your purchase may qualify.

You should also call Goldline and ask for the free information package. We are giving away copies of the quotes from UBS Bank forecasting gold at $2,500 an ounce and quotes from Bank of America Merrill Lynch analysts who think gold may be as high as $1,500 or $1,600 within three years. To receive the free information package call Goldline at 1-877-341-2646. Be sure to tell them Joe said to call and they will give you a free CD interview I did with Frank Barbera and a free copy of the American Advisor Newsletter, which is a $99 a year value. The Barbera CD is particularly important, as he is a very bright analyst who gives you excellent information about the economy, the stock market, the precious metals markets, the dollar and precious metals. To receive the free information package, call Goldline at 1-877-341-2646.

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 a purchase. Call Goldline at 1-877-341-2646 now to receive your free information package.