Gold rocketed
upward again today gaining $12 in early trading, while silver was up $.32. This is almost entirely due to an extremely
weak dollar, down 69 basis points at 74.97.
Oil is also reacting to the weak dollar, up $1.67 at $79.10 a
barrel. The Dow Jones Wire Service
reported: "A lower dollar, stronger equities and higher oil prices are boosting
gold futures as risk appetite strengthens."
Gold is now at a new all time record high. Dow Jones Wire Service reports: "Gold at new record, rally to
extend to $1,200/oz." They said: "There
is little to stop gold from rising to $1,200 a troy ounce before the end of the
year. Deutche Bank said; "We think this
rally is sustainable based on dollar weakness, central bank buying and
inflation volatility. The target is now
$1,200 an ounce." They also said: "The
market is now playing "a guessing game" on who will buy the remainder of IMF's
gold, ...' the market expects China, India, Russia, Brazil or Taiwan to be the
central bank gold buyers."
Merrill Lynch's
analysts are even more bullish saying that there is now competitive currency
devaluation going on. They said that
the Emerging Market (EM) central banks can only hedge against G10 competitive
depreciation by buying gold. They
stated further: "We reemphasize our view that WTI crude oil prices could break
through $100/bbl as we approach 2011, our view that gold will break through
$1,500/oz within the next 18 months and our view that the euro/USD will trade
at 1.28 by the end of 2010. The market
could, of course, move a lot faster if EM central banks rush into gold sooner
rather than later."
With gold making
new all time record highs and some of the most conservative analysts in the
world extremely bullish on gold, it seems to make sense to be acquiring gold or
adding to positions at these levels.
Those who would like to do so should contact Goldline at
1-877-341-2646. You may also wish to ask
them about utilizing Goldline's Price Guarantee Program. They can explain the details to you. If you would like to get some of these
articles quoting major market analysts and the free information on investing in
gold, 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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