Gold To Continue To Range Trade Between $930 - $950
by Joe Battaglia
Posted: June 29, 2009
Gold and silver
have both fallen back after trading higher overnight. Gold is down $6 and silver is down $.26 in early trading. Some analysts told the Dow Jones Wire
Service that there could be considerable volatility this week due to book
squaring at the end of the quarter and half year. In addition the Fourth of July holiday is approaching and that
too would force early book squaring.
This was reflected in some fund liquidations, which could continue if
the dollar recovers some of the ground lost over the last couple of
months. Nevertheless, the trend remains
higher as this is a bull market for precious metals. The correction was prompted by a slight recovery in the
dollar. Oil is firmer, up $1.33 at
$70.49 a barrel and the equity market is slightly lower with the Dow down 4
points. The market is awaiting a
decision from the ECB on Thursday as well as some statistics on the U.S.
economy. It is unlikely that any big
changes would be noted from either.
Most analysts
believe that gold will continue to range trade between $930 and $950. However, as we move past the July 4th
holiday, gold should begin another up-leg.
GFMS said gold will make a new record high in 2009. Merrill Lynch said gold to reach $1,000 by October/November. For now gold is in a bargain
buying zone that presents an excellent opportunity for today's investors.
Take advantage of
that opportunity while it presents itself by calling Goldline at 1-877-341-2646
for information on getting started with investments in gold. For the first time in a few months, Goldline
has available 1 Ducat coins, which you may wish to take advantage of. Call them today for information on those
coins as well as other assets that may be attractive to you. Be sure that you ask for the free
information package. It contains
outstanding articles discussing the likelihood of a move towards a new global
reserve currency to replace the dollar, articles discussing the potential for
formal devaluation of the dollar, along with forecasts for precious metal
values over the coming months and years.
All of the information will be helpful to you in arriving at investing
decisions. It is also helpful in
determining other courses of action outside of the metals sector. Call Goldline today at 1-877-341-2646 to
receive the free information package.
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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