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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 2009 Goldline International, Inc</copyright>
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		<lastBuildDate>Sat, 07 Nov 2009 07:27:18 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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			<title><![CDATA[Gold Breaks Through $1,100 An Ounce]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2003&ck=rss]]></link>
			<description><![CDATA[Gold broke through
$1,100 an ounce this morning, reaching $1,101.90 per ounce on the December
contract.&nbsp; That puts spot above $1,100
as well.&nbsp; Currently gold is trading up
about $9 at $1,098.&nbsp; The dollar is
unchanged at 75.73, oil is down $.96 and the Dow Industrials have recovered
from a pre-market loss to a 27-point gain.&nbsp;
Silver is also performing well, up $.15, but about a dime off of its
high.&nbsp; Gold rose above $1,100 in
reaction to the dollar t...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 06 Nov 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Continues Upward March]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2002&ck=rss]]></link>
			<description><![CDATA[Gold continues its
upward march today, reaching a high of $1,095.20 before easing back to a $3
gain.&nbsp; Silver reached as high as $17.53
and is trading close to that, up $.08 at $17.48, all on the December
contract.&nbsp; The metals are up in spite of
the fact that the dollar rebounded, up 6 basis points and oil is down
$.45.&nbsp; The Dow Industrials gaining 123
points, as the stock market was encouraged by the Fed’s statement.&nbsp; Analysts are also saying that the Fede...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 05 Nov 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Heads Toward $1,100 An Ounce]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2001&ck=rss]]></link>
			<description><![CDATA[December gold is
trading up $7.70 at $1,092.70 an ounce, while silver is up $.28.&nbsp; Gold reached a new record high of
$1,096.20.&nbsp; Gold continues to trade near
the high and appears dead set on heading above $1,100 an ounce.&nbsp; Barclay’s, which correctly forecast the move
to $1,100 during the month of November, is now forecasting that gold will rise
to $1,140 an ounce in the 2nd quarter of next year.&nbsp; In other words, they obviously expect some
form of a consolid...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 04 Nov 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[India Central Bank Buys 200 Tons Of Gold]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2000&ck=rss]]></link>
			<description><![CDATA[The IMF revealed it
sold 200 tons or half of its entire gold allotment to the central bank of
India.&nbsp; The fact that this was an off
market transaction is extremely encouraging for the market and helped gold to
rise nicely.&nbsp; The speculation is that
Russia or China’s central banks will buy up the remainder of the gold.&nbsp; One analyst told Dow Jones Wire Service: “It
is very positive that one central bank takes half of the gold.&nbsp; That means there is demand for i...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 03 Nov 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Standard Bank Sees $1,100 Gold By Year End]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1999&ck=rss]]></link>
			<description><![CDATA[The dollar is
rallying again, up 20 basis points at 76.12 and naturally the metals and once
again the dollar is up and all other markets are down.&nbsp; However, gold and silver seem to be holding
yesterday’s gains reasonably well.&nbsp;
After huge gains like we saw, a modest correction is nothing to be concerned
about.&nbsp; Moreover, gold is holding well
above $1,040, which is another constructive signal.&nbsp; The equity market is lower with the Dow down 62 points.&nbsp;...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 30 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold And Silver Rebound Nicely]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1998&ck=rss]]></link>
			<description><![CDATA[Gold and silver
have rebounded nicely this morning, with gold trading up $7.50 and silver up
$.30.&nbsp; Both are reacting to a softer
dollar, which is down 20 basis points at 76.23.&nbsp; The equity market is also higher as GDP for the 3rd
quarter grew 3.5%.&nbsp; This was a bigger
than expected increase in GDP growth.&nbsp;
New claims for unemployment were over 500,000 again, but continuing
claims declined as a result of people’s benefits expiring.&nbsp; Christina Romer fro...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 29 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold To Rise To $2,000 Amid Massive Inflation - Superfund Says]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1995&ck=rss]]></link>
			<description><![CDATA[Bloomberg reported:
“Gold may rise to a record $2,000/oz in the next three years as investors hedge
against massive inflation sparked by governments printing money, according to
Superfund Financial.”

&nbsp;

The metals are
mixed this morning with gold up $2 and silver down $.10.&nbsp; The dollar is up 6 basis points, oil is down
$.65 and the Dow Industrials are down 17 points.&nbsp; Gold erased overnight losses and moved back into positive
territory as participants covere...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 28 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Bargain Buying Emerges]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1994&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
lower again today, as yesterday’s dip prompted some profit taking today.&nbsp; Gold is down $3.80 just after the open,
while the dollar is down 2 basis points and oil is down $.17.&nbsp; Silver has given back $.15 in early
trading.&nbsp; The equity market is
rebounding with the Dow up 58 points.&nbsp;
Earlier in the day, gold fell to $1,036.60, but then rebounded on
bargain buying said Andrew Montano, Director of Precious Metals at Scotia
Mocatta.&nbsp; St...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 27 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Barclay&#039;s - Gold To Hit $1,100 Next Month]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1993&ck=rss]]></link>
			<description><![CDATA[The metals are
higher in early trading, with gold posting a gain of $3 in reaction to a weaker
dollar.&nbsp; The dollar is trading down 4
basis points at 75.40 on the index.&nbsp; Oil
is higher and equities are substantially higher with the Dow up 92 points.&nbsp; Dow Jones Wire Service reports that managed
money funds are maintaining a sizeable net-long position in silver.&nbsp; The same is true for gold.&nbsp; Obviously, these professional managers
believe that gold and silv...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 26 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[The Dollar Is In Jeopardy]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1992&ck=rss]]></link>
			<description><![CDATA[Gold is finishing
the week in positive territory.&nbsp; It is
trading up $6 shortly after the open.&nbsp;
Silver is up $.34.&nbsp; Both of the
metals trading in positive territory in spite of the fact that the dollar is up
20 basis points at 75.30.&nbsp; Oil reached a
high of $81.78 overnight, but it is currently down $.38 at $81.81 a barrel.&nbsp; One analyst told Bloomberg Wire Service that
he sees oil moving back up to $100 a barrel due to dollar weakness.&nbsp; A weak tre...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 23 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Investment Demand For Gold In China Surges 176%]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1991&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
correcting again with gold testing the $1,050 level one more time.&nbsp; However, that level is holding very
nicely.&nbsp; Gold is down $10, silver down
$.39, oil down $.89 and the dollar on a big rally, which is prompting the
commodities to correct.&nbsp; The dollar is
up 34 basis points at 75.31.&nbsp; The
equities are also lower, with the Dow down 7 and the Nasdaq down 13.&nbsp; Clearly, the metals and other commodities
continue to track the dollar clos...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 22 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Steady to Higher]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1990&ck=rss]]></link>
			<description><![CDATA[Gold reached up to
the $1,060.60 level on the December contract, but could not penetrate that
resistance and pulled back slightly.&nbsp;
Shortly after the open, gold is trading down $3.50 and silver is down a
nickel.&nbsp; Oil is down $.29 at $78.80 a
barrel and the dollar is down 18 basis points at 75.39.&nbsp; The dollar is weak against the euro, trading
above 150 to the euro, which is the lowest level since August of last
year.&nbsp; The Dow and other equities are in
high...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 21 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Continues to Rise]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1989&ck=rss]]></link>
			<description><![CDATA[Gold is up $4
trading at $1,062.10, while silver is up a dime.&nbsp; The dollar is down 26 basis points at 75.25 and oil is down $.39
at $79.22.&nbsp; Earlier in the day oil hit
$80.05 a barrel.&nbsp; The Dow is down 31
points.&nbsp; Precious metals are performing
exceptionally well.&nbsp; Gold hit $1,069
this morning and silver hit $17.96, both on the December future’s
contract.&nbsp; While they did pull back on
some early profit taking, nevertheless, they held onto a subst...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 20 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Rises Again]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1988&ck=rss]]></link>
			<description><![CDATA[Gold and silver
traded at near unchanged earlier this morning.&nbsp;
However, they rallied again as the dollar fell.&nbsp; Oil is down $.22 and the Dow is up 20
points.&nbsp; Some analysts worry that there
may be some correction from these levels. However, most of the prominent
analysts think that any correction will be shallow and short-lived.&nbsp; Standard Bank said, “while we still believe
gold could reach $1100 in the 4Q, we are increasingly seeing strong resistance
from...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 19 Oct 2009 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=1987&ck=rss]]></link>
			<description><![CDATA[Gold dipped
overnight in reaction to another dollar rally.&nbsp;
The dollar is up 27 basis points at $75.75 on the index.&nbsp; Gold rebounded to post a $6 gain in New York
today.&nbsp; Oil reached a high of $78.18
overnight but is currently at $77.35 down $.22.&nbsp; The Dow Industrials are down 90 points at $99.69.&nbsp; However, the overall trend for the dollar is
declining and this is a countertrend rally according to a number of the
analysts.&nbsp; 

&nbsp;

Yesterday...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 16 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[CPM Group – Gold To Rise To $1200]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1986&ck=rss]]></link>
			<description><![CDATA[The dollar
rebounded today up 37 points at $75.59, which led to a correction in the
precious metals complex.&nbsp; Gold traded
down $10.00, silver down $.31 platinum and palladium both down as well.&nbsp; The equity market likewise is down with the
Dow giving up 6 points in early trading to 10,010.&nbsp; Oil, however, is in positive territory gaining $.28 at $75.46 in
the first half hour of trading.&nbsp; Analysts
told the Dow wire that a stable, stronger dollar is sparking so...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 15 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Dollar Continues To Decline]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1985&ck=rss]]></link>
			<description><![CDATA[Gold started the
day lower experiencing a bit of a correction following the huge run up.&nbsp; Gold is currently trading down $3.00 with
the December contract at $1062.&nbsp; If it
can close above $1,061 it would be an extremely positive signal for the gold
market as that level would now be support.&nbsp;
Silver has continued to hold in positive territory, up a penny even
though gold is a bit lower.&nbsp; Both of the
metals were substantially higher earlier in the day.&nbsp;...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 14 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Dollar Tanks Again]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1984&ck=rss]]></link>
			<description><![CDATA[Gold continues to
show strength up $2.00 this morning as the dollar as fallen back
aggressively.&nbsp; Gold reached as high as
$1,069.70 and silver reached a high of $18.08 (basis Dec.)&nbsp; in early trading.&nbsp; However, profit taking set in particularly after gold did not
hold on to a breakout above the $106 resistance level.&nbsp; With the dollar down 202 basis points it is
clearly in serious trouble at this point.&nbsp;
The dollar is trading at $75.96 on the index.&nbsp...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 13 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Dollar Has Huge Drop]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1983&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both up aggressively again this morning.&nbsp;
Gold trading up $11.00 while silver is up $.24.&nbsp; Both of these metals are showing exceptional
strength largely in reaction to a huge drip in the dollar.&nbsp; The dollar is down 1.89 at $76.09 on the
index.&nbsp; That is an enormous decline in
the dollar.&nbsp; Oil is up $1.86 at $73.63
largely in reaction to the dollar.&nbsp; The
Dow Jones wire service reports that managed accounts held their net long
p...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 12 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Reaches Another Record High]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1982&ck=rss]]></link>
			<description><![CDATA[Overnight, December
gold reached a new record high of $1,059.60.&nbsp;
It subsequently fell back on profit taking and is currently trading at
$1,046.50.&nbsp; Nevertheless, it is in
positive territory and working on overcoming resistance at the $1,050
level.&nbsp; Silver reached a high of $17.93
and is currently trading up $.11 at $17.61.&nbsp;
The dollar is down 36 basis points at 76.13 and oil is trading at about
unchanged at $69.58 a barrel.&nbsp; Gold
pulled back off of...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 08 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold&#039;s Performance Stellar]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1981&ck=rss]]></link>
			<description><![CDATA[Overnight gold
reached a high of $1,049.70.&nbsp; When the
New York market opened some profit taking set in as the dollar rallied, pulling
gold back to a $2 gain, with silver holding on to a $.09 gain.&nbsp; The dollar is up 20 basis points at 76.54
and oil is up only $.14 at $71.01 a barrel.&nbsp;
The Dow Industrials turned lower, down 29 points.&nbsp; 

&nbsp;

Gold’s performance
has been particularly stellar, rising to new record highs every day.&nbsp; It has been risin...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 07 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Reaches New All Time Record Highs]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1980&ck=rss]]></link>
			<description><![CDATA[The Independent
Newspaper out of London reported today that the OPEC oil producers are planning
to accept currencies other than the dollar and gold for their oil.&nbsp; They also said that Russia, China and others
were looking at abandoning the dollar as the principal pricing mechanism for
oil.&nbsp; That has since been denied, but it
focused attention on the dollar’s reserve currency status and is very positive
for gold, said Dow Jones Wire Service.&nbsp;
They also said that...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 06 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[BofA/Merrill Lynch Forecasts $1,500 Gold]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1979&ck=rss]]></link>
			<description><![CDATA[Gold and silver are
both higher this morning in reaction to a weaker dollar.&nbsp; Although the dollar is only down 5 basis
points, gold is looking quite constructive, as is silver.&nbsp; That is especially true given the fact that
oil is down $.87 at $69.07 a barrel.&nbsp;
The equity market is also higher with the Dow up 53 points and the
Nasdaq up 15 points. 

&nbsp;

One analyst says
that gold is waiting for a fresh catalyst to determine direction.&nbsp; However, some n...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 05 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Gold Firms Above $1,000]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1978&ck=rss]]></link>
			<description><![CDATA[Gold started the
day softer, but rallied back strongly as the dollar weakened.&nbsp; In early trading gold is up $5, while silver
is trading at about unchanged.&nbsp; The
dollar, after having been as high as 77.48 on the index has fallen back 8 basis
points to 77.10.&nbsp; Oil is also softer,
down $1.58 and the equity market likewise lower with the Dow down 37 points,
which is a considerable improvement over the open.&nbsp; 

&nbsp;

Gold had initially
fallen back followi...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 02 Oct 2009 00:00:00 PST</pubDate>
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			<title><![CDATA[Dow Jones Reports Gold Is Forecast To Reach $1,100-$1,200 By Year-End]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=1977&ck=rss]]></link>
			<description><![CDATA[Gold is down $3,
while silver is up $.04.&nbsp; Silver showing
excellent strength in the face of a dollar rally.&nbsp; The dollar is up 34 basis points at 77 on the index.&nbsp; Oil is up slightly, gaining $.12 in early
trading at $70.73 a barrel, while the Dow Industrials are down 128 points.

&nbsp;

Dow Jones Wire
Service reported that a senior trader at a European bank in Singapore forecast
that the $1,100 to $1,200 range is likely by year-end.&nbsp; Also supportive of...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 01 Oct 2009 00:00:00 PST</pubDate>
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