<?xml version="1.0" encoding="iso-8859-1" ?><rss version="2.0">
	<channel>
		<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 2008 Goldline International, Inc</copyright>
		<language>en-us</language>
		<lastBuildDate>Wed, 14 May 2008 15:12:23 PST</lastBuildDate>
		<image>
			<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>
				<item>
			<title><![CDATA[American Advisor Commentaries]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1657&ck=rss]]></link>
			<description><![CDATA[Joe Battaglia is away today. His Daily Commentary will resume upon hisreturn....]]></description>
			<author><![CDATA[Goldline.com]]></author>
			<pubDate>Tue, 13 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold To Remain Strong Into 2009]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1656&ck=rss]]></link>
			<description><![CDATA[The metals are
mixed this morning, with gold trading down $2 and silver up $.13.&nbsp; The platinum group metals are also
lower.&nbsp; The dollar is up 6 basis points,
at 73.11 and oil is down $.83 at $125.12 a barrel.&nbsp; While the dollar is up, it is below the highs and seems to be
weakening somewhat against the euro.&nbsp;
That should be positive for gold as we work through the day.&nbsp; Trading activity is light today.&nbsp; In all likelihood, we will continue to see
gold m...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 12 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Oil Hits $125.50 a Barrel]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1655&ck=rss]]></link>
			<description><![CDATA[Gold and silver
began the day higher but experienced some end of the week profit taking.&nbsp; Gold was up in reaction to a weaker dollar
and higher oil prices.&nbsp; Oil hit a new
all time record high today, rising $1.81 to $125.50 a barrel.&nbsp; Oil reached $126.20 a barrel at the
high.&nbsp; The dollar is down 30 basis
points at 73.18.&nbsp; One analyst told the
Dow Jones Wire Service, “While gold has been lagging oil in ratio terms, the
yellow metal will push back towards it...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 09 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Banks Take Away Homeowners&#039; Lines of Credit]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1654&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher today with gold breaking above $880 in early trading.&nbsp; Both are supported by a weaker dollar, down
18 basis points at 73.33.&nbsp; Oil reached a
high of $123.90 before easing back to $122.95.&nbsp;
Unleaded gasoline has risen to $3.65 a gallon on a national average
bases.&nbsp; Diesel is even more expensive
with a national average price of $4.15 a gallon.&nbsp; Gold is now seeing some short covering and technical buying.&nbsp; It is receiving s...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 08 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Inflation is the Thief of the Thrifty Middle Class]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1653&ck=rss]]></link>
			<description><![CDATA[Pending home sales
fell 20% year on year.&nbsp; Median prices
are also projected to decline.&nbsp; February
home resales were revised lower to a decline of 2.9%.&nbsp; March came in, down 1%.&nbsp;
Clearly, the housing market is worsening, not improving.&nbsp; That cast a negative tone for the equity
markets and gave rise to further concerns that the country could slip into
deflation.&nbsp; Moreover, a Fed governor
implicated that the Fed may not cut rates again for some time.&nb...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 07 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Oil Reaches $120 a Barrel]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1652&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher with gold breaking out above $880 an ounce.&nbsp; This suggests that the corrective process
may have run its course.&nbsp; With gold at
these levels there is a good likelihood of it moving into a test of $905 an
ounce.&nbsp; Gold needs to hold above this
$880 level for a few days to confirm that.&nbsp;
This week the European Central Bank did not sell any gold.&nbsp; That is a positive indicator that suggests
central bank gold sales will be consider...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 06 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold and Silver React to a Weaker Dollar, Higher Oil]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1651&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher this morning with gold posting a $12 gain at the open and silver up
$.30.&nbsp; Both are reacting to a weaker
dollar and higher oil prices.&nbsp; With the
$850 support level having held, many believe the period of correction and
consolidation may be drawing to a close.&nbsp;
It is too early to feel comfortable that this is the case.&nbsp; Nevertheless, inflation concerns are
certainly present in the markets and with inflation gold almost always goe...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 05 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold and Silver Rally Despite a Stronger Dollar]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1650&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both rallying nicely in spite of a still stronger dollar.&nbsp; The dollar is up 31 basis points at
73.58.&nbsp; Gold is up $5 and silver is up
$.20 in early trading, along with oil rising $1.30 at $113.82.&nbsp; 

&nbsp;

The payrolls data
came in better than expected with the overall loss of jobs at around 20,000
versus an expected 85,000.&nbsp; However, the
construction and manufacturing sectors continued to shed jobs in April.&nbsp; Factory payrolls fel...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 02 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Fed Decision Causes Dollar To Soar]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1649&ck=rss]]></link>
			<description><![CDATA[Yesterday, after
the Fed decision gold rallied $15 based upon a softer dollar and expectations
that the Fed would remain accommodative.&nbsp;
Overnight analysts seemed to have changed their opinion and are now
betting the Fed will not be as accommodative as previously expected.&nbsp; That caused the dollar to soar today, up 60
basis points at 73.11.&nbsp; Oil came off as
the dollar rose, falling $.50 to $112.95.&nbsp;
It also caused gold and silver and other precious metals to fa...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 01 May 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold Awaiting Fed Decision]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1648&ck=rss]]></link>
			<description><![CDATA[Silver is rallying
nicely this morning gaining $.20 in early trading.&nbsp; However, gold continues to wait for the Fed decision trading down
$3.&nbsp; Oil is up $.78 at $116.41 a barrel
and the dollar is about unchanged at 72.88.&nbsp;
Equities are slightly higher.&nbsp; 

&nbsp;

There is
considerable debate about what the Fed decision may be today.&nbsp; The likelihood is they will cut interest
rates ¼% but will indicate vigilance against inflation and indicate there will...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 30 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Home Foreclosures Rise 112% Over The Year]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1647&ck=rss]]></link>
			<description><![CDATA[A $2.50 drop in oil
combined with a 9 basis point rise in the dollar caused gold to pull back $14
at the open, with silver down $.38.&nbsp;
Equities are also lower.&nbsp; The
markets seem to be concerned the Fed may not lower interest rates when they
release their decision tomorrow.&nbsp;
Certainly the pressure from the stronger dollar and weaker crude oil has
been heavy on the metals and many other commodities.&nbsp; Analysts say a number of investors and funds are moving to the...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 29 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold And Silver Higher]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1646&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher this morning, with gold trading up $2.50 and silver up $.04 in
early trading.&nbsp; The dollar is down 10
basis points at 72.69 and oil after reaching a high of $119.93, is now trading
about unchanged at $118.43 a barrel.&nbsp; 

&nbsp;

The next few days
will give us a clearer indication as to where the metals are going in the near
term.&nbsp; There is an expectation the Fed
will cut interest rates by ¼% later this week.&nbsp;
If they do so,...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 28 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[CIBC Analyst Says Oil To Soar To $225, Gasoline To $7]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1645&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher with gold gaining over $5 and silver up about $.18 in early
trading.&nbsp; While both are off the highs,
they are still turning in an excellent performance given the fact that the
dollar continues to strengthen, up 14 basis points at 72.67 and oil is up $1.70
at $117.76 a barrel.&nbsp; There is also some
book squaring going on ahead of the weekend with some traders covering short
positions and anticipating a rally before next week.&nbsp; With the p...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 25 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Oil And The Dollar Put Pressure On The Metals]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1644&ck=rss]]></link>
			<description><![CDATA[Oil fell $2 a
barrel to $116.26 and the dollar roared upward gaining 65 basis points at
72.47.&nbsp; That put heavy pressure on the
precious metals and other commodities.&nbsp;
Gold dropped $13 and silver was down $.34 in early trading.&nbsp; 

&nbsp;

New home sales fell
8½% in February, the biggest drop since 1991.&nbsp;
The inventory of new homes was revised to 575,000 homes.&nbsp; This would indicate the economy is going
remain in significant trouble for some time.&nbsp;...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 24 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Euro Falls Substantially Against the Dollar]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1643&ck=rss]]></link>
			<description><![CDATA[Gold fell sharply
this morning dipping below $900 an ounce, as the euro sank.&nbsp; Analysts said the entire market is being
driven by the euro, which has fallen substantially against the dollar over the
past two days.&nbsp; The dollar is up 47
points at 71.80.&nbsp; Oil is also lower down
$.83 at $117.24 after reaching a high of nearly $120 yesterday.&nbsp; Gold has recovered from its lows, however it
is still trading down $23 and silver is down $.57 in early trading.&nbsp; 

&...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 23 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Classic Stagflation Situation]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1642&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher this morning, with gold gaining more than $3 and silver up about
$.18.&nbsp; Surprisingly the metals are
gaining in spite of the fact the dollar is up 6 basis points at 71.71 and oil
is down $.15 at $117.33 a barrel.&nbsp;
However, oil had reached a high of $118.05 to set a new record.&nbsp; When that occurred both of the precious
metals were higher.&nbsp; 

&nbsp;

The latest data on
home values indicates the median existing home price fell 7....]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 22 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Higher Oil, Lower Dollar Helps Support Gold]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1641&ck=rss]]></link>
			<description><![CDATA[Gold is up $5 in
early trading in reaction to a weaker dollar.&nbsp;
The dollar is down 37 basis points at 71.65.&nbsp; Silver is lower along with platinum and palladium.&nbsp; The white metals falling on fears of the
weakening economy.&nbsp;&nbsp; Gold was
substantially higher reaching $931.90 on the futures contract.&nbsp; Therefore, it is $10 off the high.&nbsp; Silver was as high as $17.98 before pulling
back.&nbsp; Oil had reached a high of $117.60
but it too fell back to $11...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 21 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Goldline&#039;s Price Guarantee Program Protects Investors]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1640&ck=rss]]></link>
			<description><![CDATA[Gold and silver
have fallen heavily in reaction to a surging dollar.&nbsp; The dollar rose on rumors that the Fed will not cut rats this
month and because a strong performance by Google pushed money out of
commodities into stocks.&nbsp; The dollar is
up 55 basis points at 72.23.&nbsp; It also
had an impact on oil, which fell $136 to $113.50.&nbsp; Gold and silver both exhibiting dramatic corrections as seem to
be typical of bull markets.&nbsp; Gold is
trading down $31 and silver...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 18 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Metals Trading About Unchanged]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1639&ck=rss]]></link>
			<description><![CDATA[Metals are trading
at about unchanged levels with silver slightly higher and gold less than $1
lower.&nbsp; Oil has reached a new all time
record high of $115.54 a barrel.&nbsp; Some
profit taking has caused it to ease back slightly from those levels, but it
still remains in that $115 range.&nbsp; The
dollar has rebounded 15 basis points off of yesterdays significant decline
trading at 71.56 on the index. &nbsp;Analysts
are saying that gold is now “eyeing” resistance at $960.30...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 17 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Lower Dollar Drives Gold Upward]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1638&ck=rss]]></link>
			<description><![CDATA[Gold rose $16 in
early trading and silver is up $.54 in reaction to a weak dollar.&nbsp; The dollar falling 66 basis points to 71.36
on the index.&nbsp; Oil reached a high of
$114.53, and then pulled back on profit taking to $113.54, down $.25.&nbsp; The dollar has fallen to a new record low
against the euro.&nbsp; That is the key
factor that is driving gold higher.&nbsp; In
addition the economic statistics are uniformly weak.&nbsp; That too tends to weaken the dollar and drive go...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 16 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold And Silver Showing Excellent Strength]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1637&ck=rss]]></link>
			<description><![CDATA[Gold is posting
solid gains this morning up $5 in early trading.&nbsp; Silver is up a more conservative $.07.&nbsp; The big news is in the oil market.&nbsp; Oil reached a high of $113.93 a barrel.&nbsp; It is currently up $1.77 at $113.53.&nbsp; The dollar is also up 15 basis points at 72.02.&nbsp; Gold and silver are both showing excellent
strength rising as much as they have in the face of a stronger dollar.&nbsp; 

&nbsp;

In the economic
news, the Producer Price index for Mar...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 15 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[GE Stock Posts Biggest Loss In 20 Years]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1636&ck=rss]]></link>
			<description><![CDATA[The markets today
are flooded with bad news.&nbsp; GE posted a
substantial 12% drop in profits as a result of problems in the credit sector of
their business.&nbsp; Also GE stock fell
about 14% in early trading.&nbsp; Jefferson
County, Alabama where Birmingham is located, filed for bankruptcy protection,
as did Frontier Airlines.&nbsp; The
municipalities are all having difficulty because of the failure of the Auction
Rates Securities markets.&nbsp; Derivative
investments are al...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 11 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Metals Continue to Consolidate]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1635&ck=rss]]></link>
			<description><![CDATA[Gold is down about
$6 in early trading and silver is down $.30 as these metals continue to
consolidate around these levels.&nbsp; This
is, as I said yesterday, a high level consolidation and is a positive sign for
the market.&nbsp; Barclay’s Capital said that
gold’s upward momentum is firmly in the hands of investors and that another
test above $1,000 an ounce is in the offing.&nbsp;
They also said, “On going credit market problems, lower U.S. interest
rates, inflationary concer...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 10 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold To Hit $1,100 - GFMS]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1634&ck=rss]]></link>
			<description><![CDATA[Gold is up $4 and
silver is up $.30 in early trading as the dollar is down 9 basis points at
72.14.&nbsp; Oil is also firmer awaiting the
inventory data, up $.50 at $108.98 a barrel.&nbsp;
The weaker dollar helped gold to bounce upward as investors continue to
believe the Fed will cut rates again at the end of this month.&nbsp; The rate cut may not be terribly
aggressive.&nbsp; It may only be ¼%.&nbsp; However, they will probably do that even
though their minutes seem to indicate...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 09 Apr 2008 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Consolidation Continues]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1633&ck=rss]]></link>
			<description><![CDATA[Gold fell back $9
and silver gave up $.48 in early trading.&nbsp;
The market seems to be looking for direction and wanting to test support
levels to be sure this consolidation will remain a high level affair.&nbsp; The dollar is up 6 basis points at 72.26 and
oil is trading at about unchanged at $109.12.&nbsp;
The equities are also softer with the Dow down 67 points.&nbsp; Most of the correction in gold occurred as
oil sold off earlier in the day.&nbsp;
However, oil has rebounded...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 08 Apr 2008 00:00:00 PST</pubDate>
		</item>
		</channel>
</rss>