Gold is up $4
trading at $1,062.10, while silver is up a dime. The dollar is down 26 basis points at 75.25 and oil is down $.39
at $79.22. Earlier in the day oil hit
$80.05 a barrel. The Dow is down 31
points. Precious metals are performing
exceptionally well. Gold hit $1,069
this morning and silver hit $17.96, both on the December future's
contract. While they did pull back on
some early profit taking, nevertheless, they held onto a substantial gain.
Analysts said gold
is supported by the softer dollar.
Frank Lesh said with the dollar index back on the defensive gold could
continue to move higher. Dow Jones Wire
Service said: "Expectations of further dollar weakness and the lack of any
large scrap gold sales, however, had traders looking for gold to hold near
current levels and possibly push towards last weeks record high of $1,070.50 a
troy ounce."
With regard to the
dollar, Afshin Nabavi head of trading at Swiss Bullion House MKS Finance said:
"The dollar looks incredibly weak, pretty much on its knees." The Dow Jones Wire Service also reported:
"Dollar weakness and strength in equity markets are giving a lift to gold,
raising the potential for gold to rally to a fresh record high, says the
Bullion Desk's James Moore." Moore
said: "(Gold) could look to set fresh highs above $1,071 after a brief period
of consolidation."
Given these
comments and forecasts that gold may hit as high as $1,250 to $1,300 this year,
along with forecasts from Barclay's and others that gold could see $1,500 next
year, gold appears to be a great buying opportunity. Moreover, if investors own gold but it is not enough to properly
diversify their portfolios, this may be a good time to increase those
allocations.
Call Goldline today
at 1-877-341-2646 for assistance in adding to or acquiring precious
metals. In addition ask for the free
information package, which contains excellent articles discussing the weakness
of the dollar, the potential for devaluation, and many other points of great
interest to all investors. You may also
ask for a free copy of the GFMS 2009 Gold Survey Update. This book sells for $450, however you can
receive it absolutely free just by asking 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,
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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