Gold And Silver Showing Excellent Strength
by Joe Battaglia
Posted: April 15, 2008
Gold is posting
solid gains this morning up $5 in early trading. Silver is up a more conservative $.07. The big news is in the oil market. Oil reached a high of $113.93 a barrel. It is currently up $1.77 at $113.53. The dollar is also up 15 basis points at 72.02. Gold and silver are both showing excellent
strength rising as much as they have in the face of a stronger dollar.
In the economic
news, the Producer Price index for March rose 1.1%. Over the past three months inflation has been rising aggressively
at the wholesale level. Food and energy
are big contributors to that. Crude oil
has risen above $113 a barrel as a result of sabotage of oil facilities in
Nigeria and weather related problems for oil exports out of Mexico. This demonstrates one thing clearly:
supplies are very tight. Any kind of
interruption in the supply has a significant impact on price.
We might say the
same thing about the gold and silver markets.
Supplies are very tight. Any
increases in demand or reductions in production would likely lead to
substantially higher levels. The period
of correction and consolidation in the gold market is providing an excellent
buying opportunity. Gold has broken out
above the first key resistance level at $932.
It now looks as though it will work on breaking out above $950. The conditions are in place for strong gains
in the gold market with many analysts looking toward $1,000 an ounce in the
relatively near-term.
Therefore,
investors should be accumulating gold and silver assets at these levels. The potential for gains of 10% or more from
today's levels is solid. Call Goldline
today to get started at 1-800-827-4653.
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.
Investors who would like to take advantage of Goldline's Price Guarantee
Program must utilize assets that have some collectible value. This program is not available with bullion
assets. Swiss 20 Francs qualify for the
Price Guarantee Program. With this
program you can acquire gold today and if the market should correct within the
next two weeks you have the option to re-price your order to a lower level,
thereby getting more gold for your money.
This is a very unique offer only available with Goldline. Take advantage of it today by acquiring
Swiss 20 Franc gold coins or other qualified assets. When you acquire 29 Swiss
20 Francs, the 30th is free.
Call Goldline and ask about other specials that may enable you to get
free shipping at 1-800-827-4653.
To receive the free information
package, including several outstanding independent third party source articles
and quotes from major banks and brokerage firms call Goldline at
1-800-827-4653. You will receive the
company brochure, the independent third party source articles and a Coin Facts
Risk Disclosure Booklet, which you should read carefully before making an
investment. Call Goldline 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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