Gold started the
day up $4.50, rising back towards the $940 level. Gold is up in spite of the fact that the dollar is higher, which
is a positive signal for the precious metals markets. Equities have been trading near unchanged. Analysts said if gold holds here, it is
going to make another stab at the recent highs around $940. That would attract some short covering. Steven Platt, analyst with Archer Financial
said in the near term we might be seeing some reemerging speculative buying
coming back into the market.
The unemployment
statistics were worse than expected, showing that new claims for unemployment
were 627,000, up about 16,000 from the previous week. The overall GDP growth in the first quarter was down 5.5%, which
was less than the preliminary indicators.
The economy remains weak and it is likely the unemployment rate will
rise to 9.6% in the near term.
Congress is
interrogating Fed Chairman Bernanke on the Bank of America transaction. That could have some impact on the markets
today. Analysts will be watching his
testimony closely.
On balance, gold is
doing excellent work, given the Fed's statement yesterday and the firmer
dollar. Given the fact that gold
continues to hold in positive territory, it presents a buying opportunity at
these levels. Investors should acquire
precious metal assets now while they remain favorably priced.
Call Goldline today
at 1-877-341-2646 for assistance in getting started with gold. They will also provide you with a free gold
information package that contains excellent information on investing in gold
and articles from several banks and brokerage firms explaining their views of
the market and why they think gold is headed dramatically higher over the
coming months and years. Call Goldline
to receive the free information package, 1-877-341-2646.
Investors should 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 American
Eagles, Swiss 20 Francs, Krugerrands, Canadian Maple Leafs, Silver Bags or
Silver Bars. However, the Price
Guarantee Program is not available with these assets.
If you would like to
take advantage of the Price Guarantee Program, which provides you with a
two-week window of opportunity in which to re-price your order in the event of
a correction, you must select assets with some collectible value such as 20
Francs, Double Eagles and Silver Dollars.
Call Goldline at 1-877-341-2646 for further information on the Price
Guarantee Program.
To receive the free
information package including articles on the dollar, the economy and gold call
Goldline at 1-877-341-2646. Goldline also provides several other helpful
articles. There are a number of other
independent third party source articles that you will find extremely helpful
and informative. You will also receive
the Client Account Agreement, a company brochure and a Coin Facts Risk
Disclosure Booklet, read these carefully before you make an investment. Call Goldline at 1-877-341-2646 now
to receive your free information package.
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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