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		<title>Goldline International - Daily Commentary</title>
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		<description><![CDATA[Each business day, <a href="http://www.goldline.com/?ck=rss" target="_blank">Goldline.com</a> features a unique commentary on the precious metals market, the overall economy, and current events.]]></description>
		<copyright>Copyright 2010 Goldline International, Inc</copyright>
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		<lastBuildDate>Sat, 13 Mar 2010 12:15:00 PST</lastBuildDate>
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			<title>Goldline International - Daily Commentary</title>
			<link>http://www.goldline.com/market-news/gold-commentary.html?ck=logo</link>
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				<item>
			<title><![CDATA[Metals Steady]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2079&ck=rss]]></link>
			<description><![CDATA[Gold started the
day higher and is now trading at near unchanged levels in the first half-hour
of trading.&nbsp; Silver is up $.02 and oil
is up $.52.&nbsp; The dollar has turned weak,
down 33 basis points and the Dow is down 2 points.&nbsp; The precious metals are now looking constructive and I suspect
that they should continue to head higher over the next couple of months as the
seasonalities favor a rise in the gold market.&nbsp;&nbsp; Overnight the euro rose solidly and...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 12 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Holds $1,100]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2078&ck=rss]]></link>
			<description><![CDATA[Gold fell back
again this morning, testing $1,100 and holding.&nbsp; From there it bounced nicely, moving back into positive territory
above $1,108 an ounce.&nbsp; Silver also
performing quite well, bouncing off support and then moving to a $.12 gain to
$17.14 an ounce.&nbsp; The dollar is up 8
basis points at 80.52 and oil is down $.42, while the Dow is down 24
points.&nbsp; 

&nbsp;

The correction this
morning in the metals was due to worries that China may begin to ti...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 11 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Solidly Above Support]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2077&ck=rss]]></link>
			<description><![CDATA[The metals started
higher but gold gave up the gains on some early profit taking and is trading
down $3 in the first thirty minutes of trading.&nbsp; The dollar is about unchanged and oil is down $.12.&nbsp; Silver is showing strength, along with
platinum and palladium.&nbsp; All three are
in positive territory.&nbsp; Analysts say
that the markets are awaiting some new catalyst to determine direction of the
metals.&nbsp; However, yesterday’s intraday
reversal was a positive s...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 10 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Rob McEwen Says Gold To Reach $2,000 This Year]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2076&ck=rss]]></link>
			<description><![CDATA[Gold started the
day lower testing $1,108 on the nearby futures contract, in reaction to a 23
point rally in the dollar.&nbsp; However, the
metals rebounded on bargain buying with gold rallying back to $1,118 and silver
coming back to $17.17 on the nearby contracts.&nbsp;
Oil is also down $.62 at $81.23 a barrel.&nbsp; The Dow is up 14 points.

&nbsp;

Analysts tell the
Dow Jones Wire Service that what has been happening for the past few days has
been some profit taking i...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 09 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Steady At Open]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2075&ck=rss]]></link>
			<description><![CDATA[Gold started out
the day unchanged based on a weak dollar as the euro rebounded overnight.&nbsp; It is widely expected that the situation in
Greece will be resolved with some sort of a bailout.&nbsp; As a result the euro rallied, pushing the dollar down 27 basis
points.&nbsp; Gold is trading down $6 in
early trading while silver is at unchanged.&nbsp;


&nbsp;

Overnight French
President Sarkozy said major euro zone members would do what is needed to
insure that Greece is...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 08 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Have Strong Week]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2074&ck=rss]]></link>
			<description><![CDATA[Gold is finishing
out a positive week on a positive tone with a gain of $3.70 in early
trading.&nbsp; Silver doing likewise, up
$.17.&nbsp; This is in spite of the fact that
the dollar is higher, up 11 basis points.&nbsp;
Oil is also up $1.35 a barrel.&nbsp;
The Dow likewise moving higher, up 70 points.&nbsp; In fact, all assets on my screen are in positive territory with
the exception of platinum, which is down $4.10.&nbsp; Initially, gold gave up its early gains as a result...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 05 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Looks For Breach Of $1,150 Says Standard Chartered Bank]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2073&ck=rss]]></link>
			<description><![CDATA[Gold pulled back
this morning falling $8, but holding above a key support level at
$1,131.50.&nbsp; Silver also pulled back but
not nearly as much, only down $.07 at $17.26 on the nearby contract and looking
quite good.&nbsp; Gold reacting to a stronger
dollar, which is up 22 basis points at 80.20 and oil is also giving back some
early profits down $.42 but still holding at $80.44 a barrel.&nbsp; A lower euro is the key factor as there is
still a good deal of uncertainty conc...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 04 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Extend Gains]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2072&ck=rss]]></link>
			<description><![CDATA[Gold and silver
continue to extend their gains this morning as gold is up almost $4 and silver
is up $.20.&nbsp; They are reacting to a
weaker dollar, down 26 basis points at 80.27.&nbsp;
Oil is also up, gaining $.50 at $80.18 a barrel.&nbsp; The situation in Europe seems to be
improving with the announcement of severe austerity measures from the Greek
government.&nbsp; This helped the euro to
rebound and put pressure on the dollar.&nbsp;
Gold is trading near all time record...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 03 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Soar]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2071&ck=rss]]></link>
			<description><![CDATA[Gold is up $10 and
silver is up $.30 in early trading.&nbsp;
Both are up along with the other metals in spite of the fact that the
dollar is slightly stronger, trading at 80.67 on the index.&nbsp; Oil is also bouncing nicely, up $.87 at
$79.57 a barrel and the Dow is up 38 points.&nbsp;
Gold rose this morning after the euro rose against the dollar and with
global equities generally firmer.&nbsp; One
analyst told the Dow Jones Wire Service that gold began its march upward when...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 02 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold & Silver Steady - Dollar Soars]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2070&ck=rss]]></link>
			<description><![CDATA[A stronger dollar,
up 51 basis points to 80.94 on the index has put some pressure on gold, which
is trading down about $4.&nbsp; That is actually
a good performance given the strength of the dollar.&nbsp; Silver is unchanged, which is excellent.&nbsp; The equities are higher, with the Dow up 40
points and oil is up $.46 at $80.12 a barrel.&nbsp;
With oil at these levels we are nearly certain to see some increase in
the rate of inflation.&nbsp; 

&nbsp;

In Europe they are...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 01 Mar 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Sovereign Debt Crisis Continues]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2069&ck=rss]]></link>
			<description><![CDATA[Gold and oil are
both up nicely today, with gold up $2, silver up $.08 and oil is up $.80.&nbsp; Meanwhile, the dollar is down 11 basis points
and the Dow Industrials are down 3 points.&nbsp;
The GDP report this morning shows the economy is improving.&nbsp; However, volume is light in all of the
markets.&nbsp; GDP rose at a 5.9% annual
rate, October through December, the fastest since the 3rd quarter of
2003.&nbsp; GDP expanded by 2.2% in the 3rd
quarter of 2009.&nbsp; This w...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 26 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Shows Strength]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2068&ck=rss]]></link>
			<description><![CDATA[Gold traded lower
overnight but rebounded and is now up $1 in early trading in New York.&nbsp; Silver is down $.16 but rallying.&nbsp; The dollar is up 26 basis points at 81.12
and oil is down $2.07 a barrel.&nbsp;&nbsp; The
stock market is feeling some considerable pressure, with the Dow down 157
points.&nbsp; Gold is again outperforming
other markets, particularly the equity market by a considerable margin.&nbsp; It’s indicative of the strength of gold that
it continues to...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 25 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Crisis In Europe - Gold Steadies]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2067&ck=rss]]></link>
			<description><![CDATA[Events in Europe
are now impacting the markets in the U.S.&nbsp;
In Germany, the economy has come to a standstill, which indicates that
all of Europe will soon come to a raging halt in terms of economic growth.&nbsp; This will put further pressure on their
banks and it will put further pressure on their sovereign debt problems
throughout the union.&nbsp; In Greece mass
strikes are shutting down virtually all industries.&nbsp; Today there was another “one day strike” that shut...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 24 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Follows Euro]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2066&ck=rss]]></link>
			<description><![CDATA[Gold is slightly
lower this morning as the dollar gained ground.&nbsp; The dollar index is up 25 basis points, which normally would be
good for a significant drop in the gold market.&nbsp;&nbsp; However, gold is only down $2 and holding steady at these
levels.&nbsp; Silver on the other hand is
down $.20, showing weakness that would be consistent with the move in the
dollar.&nbsp; Oil is also reacting to the
dollar, down $.85 at $79.46 a barrel.&nbsp; 

&nbsp;

Standard Ban...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 23 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[IMF Calls For Higher Inflation To Ease Debt Burden]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2065&ck=rss]]></link>
			<description><![CDATA[Gold and silver
were higher overnight but fell back shortly after the New York open.&nbsp; The markets are quiet this morning with the
dollar down slightly, oil up a nickel and the Dow up 2 points.&nbsp; Overnight gold reached a high of $1,131.50
an ounce, its highest point since January 20th.&nbsp; The rally initially resulted from the euro
rallying, which provided the initial strength for gold.&nbsp; However, as the euro fell back, it pressured
gold and consequently the gains...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 22 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Fed Raises Discount Rate - Dollar Soars]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2064&ck=rss]]></link>
			<description><![CDATA[The Fed raised the
discount rate .25% after the New York market closed yesterday and that caused
gold to pull back.&nbsp; Overnight gold
dipped to a low of $1,099.30, but it has rebounded very strongly trading down
$4 at $1,114 an ounce.&nbsp; The dollar has
soared, up 66 basis points at 81.06, which is the highest level in several
years.&nbsp; In spite of all of that silver
is up $.04 and looking quite strong.&nbsp; I
view the metals in general as performing quite well give...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 19 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Steady]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2063&ck=rss]]></link>
			<description><![CDATA[Gold fell back
overnight, dropping to a low of $1,098.10 before rebounding quite nicely.&nbsp; Early, after the start of trading this
morning, gold is only down $2 and silver is up $.10.&nbsp; Gold fell back as the IMF announced late yesterday afternoon that
they intend to sell the remaining 191 tons of their allocation in the open
market.&nbsp; Those who are unsophisticated
viewed that as a negative.&nbsp; I think it
was really a non-event and the markets are proving me to be...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 18 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Soros Doubles His Gold Investments]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2062&ck=rss]]></link>
			<description><![CDATA[A report with the
U.S. Securities and Exchange Commission showed late on Tuesday that billionaire
investor George Soros doubled his bet on gold at the end of the year amid
rising prices.&nbsp; In fact, he is now the
fourth largest holder of the SPDR gold trust behind John Paulsen’s fund, Bank
of America and Black Rock advisors.&nbsp; In
addition to that, he owns a considerable amount of stock in various gold
companies.&nbsp; This is a clear
demonstration of Soros’ commitment...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 17 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Surges Upward]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2061&ck=rss]]></link>
			<description><![CDATA[Gold surged upward
gaining $27 in pre-market trading and hitting a high of $1,127.40 an ounce on
the nearby futures contract.&nbsp; The
movement in the gold market was largely due to a stronger euro and a weaker
dollar.&nbsp; The dollar index is down 15
points at 80.17.&nbsp; Oil also reacting to
the weaker dollar, up $2.20 at $76.33 a barrel and silver is up $.44 at $15.89
an ounce on the nearby contract after hitting a high of $15.93.&nbsp; The Dow likewise is performing be...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 16 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Goldman Sachs Raises Gold Forecast]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2060&ck=rss]]></link>
			<description><![CDATA[Gold was down about
$10 overnight reaching as low as $1,049.60 on the April contract before
rebounding.&nbsp; However, in the first twenty
minutes of trading it erased most of those losses, trading down $3 at
$1,059.80.&nbsp; Silver reached as low as
$15.02, but rallied back to $15.12 down $.24.&nbsp;
Again, it is the story of the dollar.&nbsp;
The dollar is up 36 basis points at 80.28.&nbsp; The dollar traded at its highest level since last July.&nbsp; Oil is down $.19 and t...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 05 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Euro Crashes All Markets Affected]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2059&ck=rss]]></link>
			<description><![CDATA[The economic news
that broke this morning hammered the stock market and precious metals.&nbsp; It also made the dollar soar.&nbsp; The dollar is up 35 basis points trading at
79.72 on the index.&nbsp; Gold is down $28,
while silver is down $.49.&nbsp; The metals
are being severely tested this morning and it remains to be seen whether the
$1,075 support level will hold.&nbsp;&nbsp;&nbsp; 

&nbsp;

Commodities in
general were weak this morning, with crude oil and base metals...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 04 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Consolidation May Be Over]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2058&ck=rss]]></link>
			<description><![CDATA[Gold traded lower
overnight but shortly after the New York open it bounced back to unchanged
levels.&nbsp; Silver remains down $.15,
platinum up $5 and the dollar is up 14 basis points.&nbsp; Therefore, gold’s performance in turning back to unchanged is
really an excellent demonstration of strength in that market.&nbsp; It also shows that gold is moving
independently of the dollar, which is another positive sign.&nbsp; Oil is up $.11 in early trading and the Dow
is up 2 points...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 03 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Breaks Out]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2057&ck=rss]]></link>
			<description><![CDATA[Gold is up again,
breaking decisively above $1,100 an ounce.&nbsp;
This is a clear breakout to the upside and opens the door to
significantly higher levels.&nbsp; Gold is
trading up $7, while the U.S. dollar is down 12 basis points.&nbsp; Oil is up $.66 and the Dow is up 50
points.&nbsp; Surprisingly, the silver market
is quiet, trading up only $.04 in early trading.&nbsp; Analysts say the action of the precious metals over the past week
is a short covering bounce, with overh...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 02 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Rallies]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2056&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
up nicely this morning with gold gaining $5 in early trading.&nbsp; Silver is up over $.13.&nbsp; Analysts said that the metals rose on
bargain hunting.&nbsp; There has also been
strong demand for physical gold in China and other parts of Asia, ahead of the
Asia Lunar New Year holiday.&nbsp; A weaker
dollar is further boosting gold.&nbsp; The
dollar is down 21 basis points.&nbsp; This
may be due to the release of the President’s budget for 2011, which show...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 01 Feb 2010 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Rise]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2055&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher, with gold gaining $3 and silver up $.10.&nbsp; The metals markets are looking more constructive by the day.&nbsp; Even though they have been in a period of
consolidation and correction, the performance has been solid with the $1,075
support holding very well on the gold market.&nbsp;
This is a particularly good signal given the fact that the dollar is up
7 basis points, equities are softer and oil is up $.34.

&nbsp;

The Dow Jones Wire
Ser...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 28 Jan 2010 00:00:00 PST</pubDate>
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