Gold and silver
traded at near unchanged earlier this morning.
However, they rallied again as the dollar fell. Oil is down $.22 and the Dow is up 20
points. Some analysts worry that there
may be some correction from these levels. However, most of the prominent
analysts think that any correction will be shallow and short-lived. Standard Bank said, "while we still believe
gold could reach $1100 in the 4Q, we are increasingly seeing strong resistance
from the physical market." Whether a
correction occurs or not the gold and silver markets are both exceptionally
strong and analysts continue to see gold moving into that $1100 range by
year-end. Some see it much higher than
that. At the bottom line any correction
or consolidation is considered to be a very positive thing for the market. This will be particularly true if gold holds
above $1050 during the corrective phase.
Thus far it looks as though it has a good chance of doing that.
Based on the fact
that so many analysts see gold dramatically higher by the end of the year and
many see it at $1300-1500 next year,
gold appears to be a great buying opportunity. James Moore of The Bullion Desk thinks that we will see gold
consolidating around these levels between $1040 and $1065. A breakout above $1070 obviously would carry
it to $1100 very quickly. Dow Wire
Service said "Credit Suisse outlined eight reasons to move into gold, such as
interest rates in the U.S. set to stay below 2%, and the Bank of Japan and
European Central Banks trying to cap strength in their domestic currencies.
‘gold is effectively an insurance policy,' said CS, with gold well supported
from a technical point of view."
Based on such
forecasts investors may wish to acquire gold and silver or to add to their
holdings on the corrective move. Some
may wish to utilize Goldline's price guarantee program, which provides a
two-week window of opportunity to re-price your order in the event of a
correction. Ask the Goldline people for
the details on that PGP program. Call
1-877-341-2646 for information on the price guarantee program and other
assistance in accumulating precious metal assets. You should also ask for the free information package, which
contain excellent articles that explain the problems with the dollar, the fact
that the dollar is losing its reserve currency status, and the implications of
that for American citizens. Call 1-877-341-2646
to receive the free information package.
While they last you may ask Goldline for a free copy of the GFMS Gold
Survey Update. This book is a $450 book
you could receive for free simply by asking for it. Call 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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