Use Goldline's Price Guarantee Program
by Joe Battaglia
Posted: April 1, 2008
All of the precious
metals and other commodities fell heavily again today. This is apparently the long awaited
correction that will serve to shake out the weak holders of commodities. Analysts said the commodities including gold
are falling sharply on de-leveraging and liquidation to raise cash in reaction
to the latest banking write-downs by UBS and Deutsche Bank. Both reported enormous losses and are in the
market trying to raise additional capital.
Lehman Brothers also has a stock offering that will raise an additional
$4 billion. UBS will be raising $15
billion and Deutsche Bank maybe raising $4 to $5 billion. The problem in the sub-prime sector and
other credit derivatives is now hitting the European Banks heavily. That in turn is causing the euro to weaken,
as there is an expectation that the ECB may take some action to prop up the banks. Perhaps lowering interest rates may be
directly ahead. However, the ECB has
been reluctant to cut rates.
Goldman Sachs
analyst J.B. Were said he retains a positive medium term outlook for gold. Some analysts now think this correction
could extend further. Perhaps a test of
$850 could be possible. However, the
bull market has not ended. This is
simply a correction in the context of a bull market and consequently is very
dramatic according to analyst information.
On a positive note,
most of the analysts believe gold will achieve its bottom promptly and then
begin a steady rebound. In early
trading gold is down $28 and silver has dipped $.65. Platinum is down $137 and oil is down $1.70 at $99.88 a barrel. The equity market and the dollar are both
rallying aggressively. The dollar is up
51 basis points at 72.39. I believe
this is a counter-trend rally. The
equity market is also up gaining 227 points in early trading. Lower commodities, a stronger dollar and
higher equities are resulting in a shift of hedge fund assets from commodities
into equities and dollars.
We must remember
that the problems in the derivatives markets and financial sector have barely
begun. The sub-prime mortgage resets
don't begin until this month and will continue through the remainder of the
year. The largest numbers of resets
will be in April, May and June.
Therefore, it seems illogical that people should perceive this credit
risk problem as completed.
I believe gold and
silver both continue to present excellent buying opportunities during this correction. I strongly recommend that investors utilize
Goldline's Price Guarantee Program to protect them against further dips in the
market. That program gives you a
two-week window of opportunity to re-price your order lower in the event the
market should correct further during the two-week period following your
transaction. This program is not
available with bullion assets but is available with assets such as Swiss 20
Franc gold coins. Investors who have
made their transaction within the last two weeks, particularly if your two-week
period is running out should consider re-pricing your transaction today. Call Goldline at 1-800-827-4653.
Ask Goldline to
explain the features, benefits and cost structure of the various gold and
silver investments that are available to you.
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
Krugerrands, Canadian Maple Leafs, American Eagles, Silver Bags and Silver
Bars. However, at this point in time
the benefit of the Price Guarantee Program becomes quite apparent. Therefore investors may wish to consider
Swiss 20 Franc gold coins. Acquire 29
of them and receive the 30th free.
Acquire $5,000 worth of pre-1964 silver half dollars and receive free
shipping. You can combine both of these
offers to receive free shipping and a free Swiss 20 Franc gold coin. Call Goldline now to learn the details of
these special offers at 1-800-827-4653.
Be sure to ask Goldline for the
free information package. It contains
the company brochure along with a number of excellent third party independent
source articles that will provide very helpful information to all investors. To receive the free information package
along with the Coin Facts Risk Disclosure Booklet, which you should read
carefully before making an investment, call Goldline now at 1-800-827-4653.
Investors should be mindful that past performance does not guarantee future results. Transaction costs are generally 5%
to 7% on bullion and 30% to 35% on coins. This is also referred to as the spread, or the difference between the buy price
and the sell price. The market must go up enough to overcome this spread before an actual profit is achieved. All markets go
up and down. Coins are a long-term, three- to five-year investment, suitable for 5% to 10% of the average portfolio. Please
see Goldline's Risk and Disclosure Statement for further details.
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