Precious metals are
slightly higher along with oil and equities.
The metals are moving up, with gold establishing firm support above
$990. Given the large up move we saw
over the past few weeks, a correction and consolidation is certainly within
normal limits, according to analysts on the Dow Jones Wire Service. Last week one prominent analyst Bob
Haberkorn, a senior market strategist with Lind-Waldock said: "It's a healthy
correction. We were a little overbought
and were not able to make new highs in the gold market. We had some profit taking based off strength
in the dollar." Dow Jones said: "Still
the chart remains constructive for gold, Haberkorn said."
Today Dow Jones
reported Frank Lesh, saying that gold is up ticking on a technical bounce. They also pointed out that traders are
monitoring the dollar. The dollar is up
28 basis points today, which normally would cause gold to be lower, but gold is
up $1.70. That is indicating some
strength in the gold market. Oil is up
$.48. Managed funds have been notable
buyers of both gold and silver over the past week, according to Dow Jones Wire
Service. Moreover, Dow Jones Wire
Service reported that Afshian Nabavi head of trading and physical sales at MKS
Finance said that dips in the gold price would be supported by physical
buyers. That of course is another
positive indicator for gold.
Gold apparently is
a buy on the dip and that should be taken advantage of by today's
investors. Call Goldline today at
1-877-341-2646 for assistance in getting started with gold. Some may wish to take advantage of
Goldline's Price Guarantee Program, which is available to you. Ask Goldline about the details at 1-877-341-2646. You should also ask for the free information
package, which contains investor information on gold and silver. If you call today, you may also ask for a
copy of the CD interview with Peter Grandich, which I think you will find very
helpful. Call Goldline now 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,
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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