Daily Commentary

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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