Gold and silver
rallied aggressively again this morning in reaction to a big drop in the
dollar. Gold is up $13, silver is up
$.32 and oil is up $1.66. The dollar is
down 74 basis points at 76.03. Gold is
obviously demonstrating its ability to consolidate recent gains and putting in
a very good performance this morning, while it is slightly off its overnight
highs as is silver, both in aggressively positive territory.
Analysts told the
Dow Jones Wire Service that gold is underpinned by the weak dollar, which they
expect to continue to demonstrate weakness.
Moreover, December futures are back within striking distance of last
week's high of $1,025.80. Above that
level, next resistance is $1,030 according to Leonard Kaplin. Dow Jones Wire Service also reported: "The
market appears to be generally underpinned by cheap money and credit." They also reported: "Resistance at $1,020/oz
is a key figure. If gold trades above
that, it will spark more buying in the market." Mary Ann Bartels of Bank of America/Merrill Lynch says the next
target for gold is $1,300. Given such a
forecast by a prominent investment-banking firm, gold appears to be a great
buying opportunity at these levels.
Call Goldline at
1-877-341-2646 to add gold to your holdings and request the free information
and gold investor kit. If you would
like to receive the GFMS 2009 Gold Update book, a $460 retail value, you must
specifically ask for it. Call Goldline
at 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 on gold investing call Goldline at 1-877-341-2646. 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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