We at Goldline
would like to express our thanks to all veterans who served our country.
Gold is on another
upside breakout move, breaking above $1,115 an ounce, which is a signal that
the next level is probably $1,200 according to a number of the analysts. Gold is currently trading at $1,116.40 an
ounce on the December contract. It was
about $4 higher earlier in the day.
Silver is up $.44 at $17.66 an ounce, and was $.08 higher earlier. The dollar is down 13 basis points at
74.90. This demonstrates that gold is
developing momentum on its own and is also rising in terms of all
currencies. That is a very bullish
development. Oil is up $.47 at $79.51 a
barrel and the Dow is also in positive territory by 65 points.
The dollar pressure
began in the Asian equity markets, which rose for the fourth consecutive
session on stronger than expected Japanese machine orders. As the dollar came under pressure, gold
moved higher and then the momentum simply carried gold forward through
pre-placed buy orders or short covering.
Richard Fisher, the President of the Dallas Fed said he was aware that
the Fed's low interest stance is denting the dollar, but he said that he didn't
want to do anything about it, pointing out inflation is likely to remain
subdued for some time, according to the Dow Jones Wire Service. The Wire Service also said many are buying
gold because they expect inflation to accelerate due to the accommodative
monetary policy and government stimulus efforts.
It is always
important to acquire your precious metals ahead of the events that are likely
to drive it dramatically higher. So,
while we don't have aggressive inflation now, it is reasonable to anticipate
that inflation will accelerate in the next couple of years. Investors are following the wise adage of
"Don't wait to buy gold – buy gold and wait".
Other analysts told
the Dow Jones Wire Service that gold will remain in this rising trend as long
as interest rates remain low. CNBC
repeated the information that I provided investors yesterday that Goldman Sachs
is forecasting gold at $1,200 an ounce by year-end. While some analysts are expressing concerns over the speed of the
rally, others like HSBC analyst James Steele told the wire service: "Should
easy monetary policies remain intact for the foreseeable future, monetary
theory suggests the U.S. dollar will remain weak, which in turn should support
gold." Central Bank demand for gold is
also a factor supporting the gold market.
Those who have yet
to acquire gold should do so without delay.
It is always sensible to have some gold diversification in a
portfolio. Yesterday, I commented on an
article that quoted a number of stock mutual funds that have diversified into
gold simply as an asset to protect against a problem in the stock market and a
falling dollar or rising inflation.
Sophisticated analysts understand the benefits of owning gold. If you would like to learn the benefits of
gold or would like to acquire gold today, call Goldline at 1-877-341-2646. Carefully read the free information package
as it contains excellent articles from major banks and brokers explaining the
reasons why gold is moving to new record highs day after day. 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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