Overall Trend For Gold Is Higher
by Joe Battaglia
Posted: April 4, 2008
Gold and silver are
up this morning, but not nearly as much as one would expect given the fact that
the dollar is down 28 basis points at 71.93.
Oil is up $1.33 at $105.16.
While gold is trading only slightly higher, analysts see it moving
upward. Scott Myers, senior analyst at
Pioneer Futures said, "The overall trend is higher." Another analysts told the Dow Jones Wire Service that the
worsening economic environment should be supportive of gold as it will force
the Fed to push interest rates down, reducing the value of the dollar. The Bullion Desk forecast that silver will
hit $25 this year. The jobs report was
quite disappointing. Unemployment rose
by 80,000. Many analysts are now saying
that the economy is already in a recession.
When you combine
the fact of economic recession with a financial crisis, you have the makings
for some very volatile markets. I would
not be the least bit surprised to see gold rally substantially over the next
several weeks. In fact, the longer it
trades above $900 the greater the chance it has completed its bottom and is now
in the process of developing a new base above $900, which will provide a base
for a stronger move towards the $1,000 level.
If one agrees with these opinions then acquiring gold at these levels is
viewed as a tremendous bargain buying opportunity. With gold still oversold on the charts, the opportunity for a
significant move to the upside is clearly at hand.
Investors should
call Goldline and ask them 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.
These assets do not have the availability of the Price Guarantee
Program. This program provides a
two-week window of opportunity in which to re-price your order in the event the
market should correct after you make your investment. This is a unique offer provided only by Goldline. It helps to reduce the risk of making an
investment and is viewed as a very significant benefit. It is available with coins with some
collectible value. For example, Swiss
20 Francs enjoy this feature. When you
acquire 29 of the Swiss 20 Francs you get the 30th free and you have
the availability of the Price Guarantee Program. Silver investors may wish to consider pre-1964 silver half
dollars. Acquire $5,000 worth of them
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.
In addition you can receive the
free information package by calling Goldline.
Goldline is happy to provide you with a company brochure, which explains
the reasons why people acquire gold and the benefits that gold and silver offer
to middle income investors. You will
also receive outstanding third party independent source articles that offer the
opinions of some of the top analysts at major banks and brokerage firms
explaining the reasons why they think gold is headed dramatically higher. It also contains several brand new articles
including one in which several major market analysts explain their reasons why
they believe that gold will rise above $1,500 an ounce. Goldline will also provide you with a free
Coin Facts Risk Disclosure Booklet, which you should read carefully before
making an investment. Call Goldline now
to receive the free information or to get started 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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