Gold And Silver Higher
by Joe Battaglia
Posted: April 28, 2008
Gold and silver are
both higher this morning, with gold trading up $2.50 and silver up $.04 in
early trading. The dollar is down 10
basis points at 72.69 and oil after reaching a high of $119.93, is now trading
about unchanged at $118.43 a barrel.
The next few days
will give us a clearer indication as to where the metals are going in the near
term. There is an expectation the Fed
will cut interest rates by ¼% later this week.
If they do so, it should provide some underlying support for the gold
market and enable it to complete its base building process and
consolidation. Once that has been
concluded, it will open the way for another major rally to occur in the next
several months. That rally should carry
gold back up into the $1,000 range.
Analysts continue to believe $1,100 to $1,250 is possible by the end of
the year. Therefore, gold and silver
both present excellent investing opportunities at these levels.
Call Goldline today
to get started. 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. However, investors who would like
to take advantage of Goldline's Price Guarantee Program, which not available
with bullion assets should select coins with some collectible value such as
Swiss 20 Francs. This program gives you
a two-week window of opportunity to re-price your order lower in the event of a
correction. Therefore, Goldline assumes
the risk of loss for a period of two weeks.
If the market corrects after you have made your transaction you can
re-price your order lower and obtain more gold or silver for your money. This is a very valuable tool particularly
during a period of correction and consolidation. Moreover, when you acquire 29 Swiss 20 Francs you will receive
the 30th Swiss 20 Franc gold coin for free. Therefore, you have a double incentive to
select this asset. Call Goldline now to
get started with your precious metal investment and to take advantage of the
special offers at 1-800-827-4653.
To receive the free information
package call Goldline. The free
information package contains outstanding articles that are very helpful and
informative to you, whether you are a gold investor or not. For example, we have just put into the free
information package an article recommending Americans start stocking up their
pantries because of the problems with food price inflation and shortages. By reading this article it may give you some
keen insights into where inflation may be headed and provide you with some
practical solutions to some of the problems that arise during an inflationary
environment. We will also give you
articles talking about crude oil prices having the potential to rise about $200
a barrel. Again, whether you are an
investor in precious metals or not, this is a very valuable and helpful
information piece to have. It can
certainly influence your decisions on what vehicle to buy and motivate you to
take steps to conserve on fuel. It may
also be a helpful tool in deciding where to take a job. In addition you will receive some specific
information with regard to the precious metal assets. Once again, this information will be very helpful to all
investors. Be sure you read the Coin
Facts Risk Disclosure Booklet before making an investment. Call Goldline now for your free information
package 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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