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		<title>Goldline International - Daily Commentary</title>
		<link>http://www.goldline.com/market-news/gold-commentary.html</link>
		<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 2009 Goldline International, Inc</copyright>
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		<lastBuildDate>Thu, 02 Jul 2009 17:31:17 PST</lastBuildDate>
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			<url>http://www.goldline.com/images/goldline_logo.gif</url>
			<title>Goldline International - Daily Commentary</title>
			<link>http://www.goldline.com/market-news/gold-commentary.html?ck=logo</link>
		</image>
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			<title><![CDATA[Unemployment Rate Reaches 9.5%]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1924&ck=rss]]></link>
			<description><![CDATA[Gold and silver
sold off heavily again today, in reaction to the strengthening dollar and
falling oil prices.&nbsp; Gold trading down
$12 and silver is down $.38 in a thinly traded market.&nbsp; Many of the traders have already taken off
for the 4th of July holiday in New York.&nbsp; This market is extremely thin, not just in the precious metals
and other commodities, but also in the equity market.&nbsp; Oil is down $2.47 at $66.84 a barrel.&nbsp; The dollar is up 58 basis poin...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 02 Jul 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Precious Metals Rally]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1923&ck=rss]]></link>
			<description><![CDATA[Precious metals are
rallying robustly today with gold up $13 and silver up $.20.&nbsp;&nbsp; That is a nice rebound from yesterday’s
correction.&nbsp; Gold is beginning the month
on a strong note and looking as though it will try to push considerably higher
as we move through the remainder of the summer.&nbsp; B of A/Merrill Lynch is forecasting gold above $1,000 an ounce by
October.&nbsp; Other analysts are forecasting
that gold will be between $1,200 and $1,300 an ounce by t...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 01 Jul 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Stolen From Canadian Mint]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1922&ck=rss]]></link>
			<description><![CDATA[The dollar is up 10
basis points at 79.94 and that caused traders to sell down the gold market
again on the last day available for month end, quarter end and half end of the
year book squaring.&nbsp; Gold is trading
down $6 and silver is down $.08 in early trading.&nbsp; Oil is about unchanged after having been higher.&nbsp; The equity market is also slightly
lower.&nbsp; All of these markets essentially
reacting to profit taking and book squaring.&nbsp;
Traders and fund mana...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 30 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold To Continue To Range Trade Between $930 - $950]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1921&ck=rss]]></link>
			<description><![CDATA[Gold and silver
have both fallen back after trading higher overnight.&nbsp; Gold is down $6 and silver is down $.26 in early trading.&nbsp; Some analysts told the Dow Jones Wire
Service that there could be considerable volatility this week due to book
squaring at the end of the quarter and half year.&nbsp; In addition the Fourth of July holiday is approaching and that
too would force early book squaring.&nbsp;
This was reflected in some fund liquidations, which could continue...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 29 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Up On the Week]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1920&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
higher this morning with gold up $6 and pushing through the $940 resistance
level with ease.&nbsp; Silver is up $.19
trading at $14.20 an ounce in the nearby futures.&nbsp; The rally in the precious metals is due largely to a drop in the
dollar, which fell 56 basis points to 79.84 on the index. The equity market is
also showing weakness this morning.&nbsp; By
ending the week on a positive note and in a breakout mode, gold is
demonstrating considerable stre...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 26 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Firmer]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1919&ck=rss]]></link>
			<description><![CDATA[Gold started the
day up $4.50, rising back towards the $940 level.&nbsp; Gold is up in spite of the fact that the dollar is higher, which
is a positive signal for the precious metals markets.&nbsp; Equities have been trading near unchanged.&nbsp;&nbsp; Analysts said if gold holds here, it is
going to make another stab at the recent highs around $940.&nbsp; That would attract some short covering.&nbsp; Steven Platt, analyst with Archer Financial
said in the near term we might be...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 25 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[The American Advisor Commentaries]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1918&ck=rss]]></link>
			<description><![CDATA[Joe Battaglia is away today. His Daily Commentary will resume upon his return....]]></description>
			<author><![CDATA[Goldline.com]]></author>
			<pubDate>Mon, 22 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[High Level Consolidation - Followed by Significant Move to the Upside]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1917&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both near unchanged, but with an upward bias as gold is up $.60 and silver is
up $.04.&nbsp; Both are gaining strength from
the fact that the dollar is down 19 basis points.&nbsp; Analysts report that in their view the metals are still
consolidating with some recent profit taking after gains earlier this
spring.&nbsp; Oil is firmer, up $.45 at $71.82
a barrel after being as high as $72.30.&nbsp;
The equity market is higher, with the Dow up 40 points.

&n...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 19 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Steady]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1916&ck=rss]]></link>
			<description><![CDATA[Silver is about
unchanged in early trading however, gold is up $5 in fairly active
dealings.&nbsp; Gold is up in spite of the
fact that the dollar is higher by 16 basis points 80.31 and oil is down $.31 at
$70.72 a barrel.&nbsp; This demonstrates
considerable strength in gold.&nbsp; Gold is
in the process of consolidating recent gains and remains in a well-established
trading range.&nbsp; 

&nbsp;

The government
reported this morning that total jobless rates dropped sha...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 18 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold In Bargain Buying Zone]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1915&ck=rss]]></link>
			<description><![CDATA[Gold and silver
started the day in positive territory, as the dollar was as low as 80.34 on the
dollar index.&nbsp; However, the dollar has
rebounded to near unchanged and gold is down $.70 and silver is down $.04.&nbsp;&nbsp;&nbsp; 

&nbsp;

On the economic
front, consumer prices rose less than expected in May with the CPI up 0.1% on a
seasonally adjusted basis, which was below expectations.&nbsp; Excluding food and energy costs, core prices
also were up 0.1%.&nbsp; Howev...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 17 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Russia Again Calls For A New Currency]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1914&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
up nicely this morning, with gold recovering over $8 while silver is up
$.20.&nbsp; Gold and silver are benefiting from
a weaker dollar.&nbsp; The dollar fell 52
basis points to 80.62 as Russian President Medvedev again called for a new
global reserve currency at today’s meeting of the BRIC’s nations.&nbsp; That directly contradicted statements at the
G20 meeting by his Finance Minister.&nbsp;
Clearly, Russia has been reducing it’s dollar holdings and movi...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 16 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Precious Metals Continue to Correct]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1913&ck=rss]]></link>
			<description><![CDATA[Gold and silver
fell back again this morning, pressured by a stronger dollar.&nbsp; Gold is down $6.30 and silver is down
$.57.&nbsp; Silver is outperforming gold on
the downside as well as the upside, as I have warned so many times.&nbsp; Nevertheless, gold continues to hold above
the $930 support level.&nbsp; Whether that
level will hold, remains to be seen.&nbsp; At
this point, you would have to say that gold is vulnerable to test down to the
$890 to $900 range.&nbsp;...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 15 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Remains In Long-Term Bull Market]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1912&ck=rss]]></link>
			<description><![CDATA[Gold declined
sharply on a stronger dollar and lower crude oil prices.&nbsp; Gold fell nearly 2.3%, down to $939.90 on
the Comex this morning.&nbsp; Silver was down
$.67.&nbsp; These are very dramatic drops in
a bull market.&nbsp; Once gold broke down
below key support at the $950 level, it attracted a lot of stop loss sales and
further shorting.&nbsp; Analysts on the Dow
Jones Wire Service said: “Gold losses are also coming as participants now gear
up for book squaring and...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 12 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Showing Strength]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1911&ck=rss]]></link>
			<description><![CDATA[The correction in
precious metals continued today, with gold dipping below the $950 level.&nbsp; Silver also pulled back fairly aggressively
as traders test support in both of these markets.&nbsp; However, in the first half hour of trading the metals recovered
the early losses to trade near important support levels.&nbsp; Gold came from a low of $942.50 back to
$950.&nbsp; Silver came back from $14.93 to
$15.45.&nbsp; Consequently the metals are
showing some strength in the fa...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 11 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Continue Correction]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1910&ck=rss]]></link>
			<description><![CDATA[Gold started the
day substantially higher, trading up $9 in pre-market trading.&nbsp; It reached a high of $966.70, but in the
first half hour of trading gave up most of those gains to trade up $1.20, with
silver up $.05.&nbsp; The U.S. dollar index
has rebounded, up 14 basis points at 79.91 and oil is simply on a tear to the
upside, gaining $.96 at $70.98 a barrel.&nbsp;
Oil has been as high as $71.65 in earlier trading.

&nbsp;

Fed Governor Lacker
said forecasts for th...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 10 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold and Silver Rebound]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1909&ck=rss]]></link>
			<description><![CDATA[Gold and silver
rebounded today with gold hitting a high of $964.50 on the August contract
while silver hit $15.35 at the high.&nbsp;
However, both have eased back off of those highs with gold trading up $5
and silver up $.23 in early trading.&nbsp;
Given the fact that the dollar is down 81 basis points this morning, the
rally in gold is less than one might have expected.&nbsp; 

&nbsp;

GFMS reported to
Dow Jones Wire Service that they think rising Indian physical dema...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 09 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Correction Provides Excellent Buying Opportunity]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1908&ck=rss]]></link>
			<description><![CDATA[The metals markets
are in the process of testing the resolve of the bulls.&nbsp; Gold has fallen again today quite heavily,
down $16 in early trading and breaking below the $950 support level.&nbsp; If gold manages to rally and find support at
$950, it would be a good sign.&nbsp; However,
if it does not, it is likely to pull back to $925, where it still remains
strong and in a powerful bull market.&nbsp;
Even if gold were to fall back into the $900 range, it would still be a...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 08 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Utilize Today&#039;s Correction As A Buying Opportunity]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1907&ck=rss]]></link>
			<description><![CDATA[Gold fell heavily
today along with silver, as the dollar posted a large gain of 92 basis points
to rise above 80 once again at 80.34.&nbsp;
Oil and other commodities also fell back with oil down $.89 at $67.90 a
barrel.&nbsp; Gold is down $21.50 and silver
down $.63 in early trading.&nbsp; Gold now
has broken support on the jobs data.&nbsp;
Although a break and close below $960 today would worsen the near-term
technicals, the lower prices may reactivate buying in the physica...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 05 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Analysts Say, "Buy the Dips"]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1906&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher in spite of a stronger dollar.&nbsp;
Gold is up $7 and silver is up $.16 in early trading.&nbsp; The dollar is up 16 basis points at 79.66
and oil has rebounded along with the metals, up $1.77 at $67.88 a barrel.&nbsp; The Dow is down 13 points.

&nbsp;

In the economic
news the number of people on unemployment insurance benefits fell slightly for
the first time in twenty weeks.&nbsp; The number
of first time claims for jobless benefits fell...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 04 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Metals Correct]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1905&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both lower this morning, with gold down $7 and silver down $.20 in early
trading.&nbsp; The correction coming at this
time is a good development as it allows this market to correct and consolidate
at a high level, and relieve an overbought condition on the charts.&nbsp; This will pave the way for the building of a
base and another advance to higher levels.&nbsp;
This correction provides investors an opportunity to acquire gold and
silver now at bargain b...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 03 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[China Concerned About U.S. Dollar]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1904&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher this morning, with gold up nearly $3 and silver up $.10.&nbsp; The dollar is weak again, down 28 basis
points at 78.89 and oil is seeing some profit taking, down $.85 at $67.63 a
barrel.

&nbsp;

CNBC reported today
that China is very concerned about the U.S. dollar and they were questioning
Treasury Secretary Geithner about that.&nbsp;
CNBC actually made reference to the calls for a new reserve
currency.&nbsp; Geithner said he reassured...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 02 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[GM Now Known as "Government Motors"]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1903&ck=rss]]></link>
			<description><![CDATA[General Motors, now
known as “Government Motors” filed for bankruptcy protection this morning.&nbsp; It is expected they will be in and out of
bankruptcy before the end of summer.&nbsp;
Precious metals are reacting positively, with gold up $4 and silver up
$.19 in early trading.&nbsp; The dollar is
weak again, down 43 basis points to 78.92.&nbsp;
Many analysts are talking about the possibility of the dollar returning
to the 70 to 72 range.&nbsp; Equities are
higher as the ma...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 01 Jun 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold and Silver Breakout - $1,004 Next Target]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1902&ck=rss]]></link>
			<description><![CDATA[Gold and silver
have taken off on the upside, breaking above the $970 resistance level on gold
with ease.&nbsp; Gold is up $13.90 in early
trading with the key contract trading at $977.10 an ounce.&nbsp; Gold reached a high of $980.20.&nbsp; Silver is up $.26 at $15.42 an ounce, after
reaching a high of $15.58 on the nearby contract.&nbsp; The dollar is being crushed today, down 93 basis points at 79.51.&nbsp; That is a major drop in the dollar and
perhaps suggests continuation...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 29 May 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Poised to Challange $1,000 an Ounce]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1901&ck=rss]]></link>
			<description><![CDATA[Silver continues to
lead the market higher, with a gain of $.21 while gold is up $3 in early
trading.&nbsp; Gold and silver are up in spite
of the fact that the dollar is firmer by 16 basis points at 80.49 on the
index.&nbsp; Oil is also firmer, up $.53 at
$63.96 a barrel.&nbsp; Oil was as high as
$64.19 a barrel.&nbsp; Clearly, we are going
to be seeing oil price inflation in addition to the monetary inflation created
by the Fed and the government.&nbsp; Analysts
are sayin...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 28 May 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Unchanged - Silver Up]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1900&ck=rss]]></link>
			<description><![CDATA[Gold is trading
near unchanged while silver is up $.06 in early trading.&nbsp; The dollar continues to weaken, down 16
basis points at 79.96.&nbsp;&nbsp; The dollar at
these levels suggest a continuing bear market for the dollar, which may carry
it as low as 70-72 on the index.&nbsp; Oil is
firmer on the weaker dollar, trading up $.87 at $63.33 a barrel.&nbsp; The Dow Industrials are down 13 points,
which is a recovery from the earlier opening lows.&nbsp; The softer dollar and...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 27 May 2009 00:00:00 PST</pubDate>
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