
YEAR-END BOOK SQUARING HITS METALS
Gold dipped below $1,100 an ounce briefly this morning, but quickly bounced back. The Dow Jones Wire Service reported that trading conditions were extremely thin and the metal appears to be range trading between $1,100 and $1,108 an ounce. The dollar is weak today and that is supportive of gold, as are tensions in the Middle East, which could drive up oil prices and help to further support the gold market. Oil is down $.20 at $78.57 a barrel and the dollar is down 22 basis points. In the first half-hour of trading, gold is down about $6 and silver is down $.28.
With the New Year's holiday approaching and many of the floor traders on vacation, it is pretty normal to see corrections in thin market conditions at this time of the year. Nevertheless, the performance of gold over the course of this year and the past 10 years has been outstanding. In addition, analysts continue to forecast gold rising substantially next year with targets of $1,200 to $1,400 an ounce for the first half of the year. Many analysts think by year-end gold will be above $1,500 an ounce. If your peruse Goldline's free information package, you will see quotes from some of the biggest banks, brokers and economists in the world with their forecast for gold prices.
In addition, it is likely the gold market will be supported by ongoing economic problems in the U.S. and Europe. There also are some concerns that the Chinese may be overstating their economic success and we could begin to see some problems coming out of Asian banks. Some of the most successful investors in the world such as John Paulsen and David Einhorn are anticipating gold will make extraordinary moves over the coming few years. Paulsen is starting a new gold fund because of his belief in the future performance of gold. He has billions of dollars of the money he manages invested in gold, as does Einhorn. In addition, Bill Tedford, who is one of the most savvy bond market investors in the world, told the Dow Jones Wire Service that he and his company have begun encouraging clients to invest more money in commodities and particularly precious metals. The Wall Street Journal said, "Count Mr. Tedford among the group of inflation bugs who worry that all the dollars now sloshing around the economy can only have an inflationary outcome. Also in his camp: John Paulsen, the hedge fund manager who made billions betting mortgage-backed securities would implode. Mr. Paulsen, who is starting a new gold fund, told an investment conference earlier this fall that the nation's exploding monetary basis is a harbinger of inflation." Rob McEwen, the chairman of the third largest gold company in the world, US Gold Corp., said he sees gold at $2,000 in 2010 and $5,000 within four years.
With forecasts such as these from some of the most prominent analysts and experts in the world, it makes sense to consider owning some gold. Accumulate gold on the consolidation move that we see today. It presents a bargain buying opportunity. In effect, it is like gold is having a New Year's sale. Call Goldline at 1-877-341-2646 to add gold to your portfolio. You may wish to ask Goldline about their Price Guarantee Program, which provides you with a two-week window of opportunity to re-price your transaction if the market should make a correction after you invest. This program doesn'tcost anything, but it is only available with limited products. Call Goldline at 1-877-341-2646 to learn more. You should also ask for the free information package that will provide you with the forecasts of BofA/Merrill Lynch for the coming year, along with analysis and opinions from some of the most important analysts in the country. In addition, you will receive a free copy of the American Advisor Newsletter, a $25 value, for free. In that newsletter, read the remarks of Philip Klapwijk, who is one of the industry's most prominent experts. 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 on gold investing, call Goldline at 1-877-341-2646. 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 gold information package.


- 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..."









