Daily Commentary

Metals Hold Week's Gains

by Joe Battaglia
Posted: July 13, 2007

Gold and silver have been trading at about unchanged levels this morning seeing a slight amount of end of the week profit taking.  Analysts said that gold is set to push higher due to stronger oil and a weaker dollar with the market's focus on the dollar being a reaction to key economic data.  The factor prompting a little bit of correction in the market this morning is the fact that the euro was slightly weaker against the dollar.  That is even though the overall dollar index is down 11 basis points. 

One prominent analyst from Switzerland Frederick Panzinutti said, "There's good upside potential due to good physical demand which has continued over the last three weeks, as well as good demand from non-physical players due to the weaker dollar."  Another analyst, Weinberg of Commerzebank said, "All the fundamental factors look right for gold to push up towards $700 an ounce."

On balance the metals have turned in an excellent performance this week.  The momentum seems to be pointing to higher levels with $700 the target for most of the prominent analysts.  Investors need to view this market as a clear buying opportunity.  Take advantage of the opportunity while you can.  The opportunity to acquire gold under $700 an ounce is excellent.  With oil up $.88 at $73.75 a barrel, I think that inflation is a fact of life.  At some point investors will begin to reject the dollar more aggressively.  When that happens you will see this gold market make an enormous move to the upside.

We are now seeing foreign investors moving out of dollars and into almost anything of real value.  For example, Australian investors have bought $7.7 billion worth of U.S. real estate, this year.  That is $2.2 billion more than they invested in the U.S. all of last year.  Middle Eastern private investors have put $3.9 billion into U.S. real estate.  These private investors are converting dollars into properties that throw off cash flow, things of intrinsic value.  Others are utilizing their dollars to buy U.S. companies.  For example, China's sovereign investment fund purchasing a huge $3 billion interest in the Blackstone Group.  Other transactions of this sort are going on under the radar.  Foreigners are moving out of dollars.  Smart Americans are doing the same thing, moving money into gold and other assets. 

Call Goldline today.  Ask them to explain the features, benefits and cost structure of the various gold and silver assets that are available to you.  Select those that best meet your individual needs.  It is time to get started with some gold today.  Call 1-877-341-2646.

Goldline is also giving away a wonderful free information package that quotes Merrill Lynch forecasting $700 in the next few months, Goldman Sacks saying that gold is a "buy opportunity", and many other major bank and brokerage analysts who are forecasting a move upward in gold.  Do not lose sight of the fact that notable analysts such as the heads of major mining companies are forecasting gold over $2,000 an ounce.  Merrill Lynch believes that gold is headed over $1,500 an ounce within the next few years.  These analysts reveal investment opportunities that most people are unaware of.  Those who take advantage of the opportunity to read their information and understand their analysis will be better off than those who remain in the dark.  Call Goldline now to get your free information package at 1-877-341-2646.

Ask Goldline about the special offers.  For example, acquire 20 Swiss 20 Franc gold coins and receive the 30th free.  Another special that will not last long is the opportunity to acquire two $20 Saint-Gaudens coins, one with the motto "In Gold We Trust" and one without the motto as a set.  The set is normally $2,500.  You can obtain it today for $2,400 on special.  Call Goldline now to take advantage of this opportunity, 1-877-341-2646.

 

^{You should carefully read Goldline's Account and Storage Agreement and our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider. These provide important information that you should consider before investing in precious metals. Goldline's spread, which is the difference between the price we sell our products and the price we buy them back, generally ranges between 5% to 20% on our most common bullion products and 30% to 35% on all other products including our popular semi-numismatic coins such as the European francs, proof coins and graded coins. The market must go up enough to overcome this spread before an actual profit is achieved. All markets go up and down. Past performance does not guarantee future results. Coins are a long-term, three- to five-year, preferably five- to ten-year investment. We believe precious metals are suitable for 5% to 20% of the average portfolio though others may recommend a different percentage. Please see Goldline's risk disclosure materials for additional information.}

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