The dollar
rebounded today up 37 points at $75.59, which led to a correction in the
precious metals complex. Gold traded
down $10.00, silver down $.31 platinum and palladium both down as well. The equity market likewise is down with the
Dow giving up 6 points in early trading to 10,010. Oil, however, is in positive territory gaining $.28 at $75.46 in
the first half hour of trading. Analysts
told the Dow wire that a stable, stronger dollar is sparking some profit taking
in gold while producers and institutions that lease gold are selling on holiday
demand concerns. This is the first
substantive correction that we have seen in some time. Gold has risen $70 this month and managed to
close above $1,000 an ounce every day since the first of the month.
Gold has had this
tremendous rally without any significant retracement, consolidation or profit
taking. In other words, the short story
is that a correction and consolidation is normal and healthy for the
market. It also provides investors an
opportunity to acquire precious metal positions at levels that they have missed
on the previous rallies. Interestingly,
gold has held nicely above $1,050, which was a key resistance area that has now
become a key support level. If gold
were to trade now between $1050 and $1075 for a period of time it would build a
nice base from which it could launch an assault on $1100.
Today's investors
may choose to take advantage of Goldline's price guarantee program, which
provides a two-week window of opportunity to reprice your transaction in the
event of a further correction. With the
most prominent analysts from major banks, brokerages, economists and market
strategists all looking for gold to move dramatically higher, I suspect today
presents you with a great buying opportunity to accumulate precious metal
assets. James Moore, a noted analyst
told the Dow Jones wire service that, "Weak dollar, fundamentals and rising
equity and risk sentiment continue to paint a supportive back drop for further
gains in the precious metals that have risen $60 in almost a straight line gold
appears to be running out of steam and while we wouldn't rule out fresh highs in
the immediate future, the metal would benefit from a period of consolidation to
enable the metal to sustain recent gains."
Barclays Capital said, "We are sticking with the up trend. We are looking to buy dips against $1035 for
a move back to $1120 triangle objective."
They also said that in to next year the prospect for a run to $1500 are
possible. These technical analysts at
Barclays have done excellent work in the past and their forecasts have been
outstanding. CPM Group told Bloomberg
wire that gold will rise to $1200 by year end. Call Goldline today to take
advantage of their recommendation to buy the dip at 1-877-341-2646. Also be sure that you ask for the free
information package and ask for a free copy of the GFMS Gold Survey 2009
Update. That is a $450 book that you
can receive for free just by asking for it.
Be sure you also read the various articles and information that are
available to you. Call now at 1-877-341-2646.
Gold's performance
has been spectacular, the prospects are outstanding and the need to preserve
wealth and purchasing power is certainly at hand. Call Goldline now to get started with gold at
1-877-341-2646. Also, be sure you ask
for the free information package, which contains outstanding articles that you
will find very helpful and informative, including information on the movement
towards a new global reserve currency to replace the dollar. 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,
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
gold investment 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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