The metals are
higher in early trading, with gold posting a gain of $3 in reaction to a weaker
dollar. The dollar is trading down 4
basis points at 75.40 on the index. Oil
is higher and equities are substantially higher with the Dow up 92 points. Dow Jones Wire Service reports that managed
money funds are maintaining a sizeable net-long position in silver. The same is true for gold. Obviously, these professional managers
believe that gold and silver are headed substantially higher or they would not
maintain such a large position.
Standard Bank told
Dow Jones Wire Service that gold is likely to break above $1,070 an ounce. The Wire Service said: "Spot gold is likely
to break above resistance at $1,070 - $1,075/oz on the dollar's steady decline,
says Standard Bank. Dollar weakness,
although it has been ignored over the past week, means that it is only a
question of time before this resistance is breached." Dow Jones Wire Service also reported: "Barclay's Capital said the
metal is "getting comfortable" around $1,050 but should resume a rise to
$1,100/oz in the next month."
Given forecasts
from these respected analysts, it would appear to make sense to anticipate
higher gold and silver prices. The
metals should be accumulated in anticipation of a nice move to the upside over
the long-term. While Goldline never
recommends short-term trading in precious metals, these comments from major
analysts provide an illustration of the potential that the metals have and
perhaps are useful in identifying entry positions for long-term holdings.
Investors should
contact Goldline for assistance in acquiring precious metals and for the free
information package at 1-877-341-2646.
You will find interesting information and articles including forecasts
from some of the major banks and brokers, along with information on the dollar
and the potential for the dollar to be replaced as the world's reserve
currency. All of this will be helpful
information. 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 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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