<?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 2009 Goldline International, Inc</copyright>
		<language>en-us</language>
		<lastBuildDate>Fri, 20 Nov 2009 13:54:26 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[Gold Steady - Dollar Higher]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2013&ck=rss]]></link>
			<description><![CDATA[Gold was lower
before the open, but came back to unchanged shortly thereafter and silver is
down $.15.&nbsp; The dollar is soaring again,
up 47 basis points at 75.76.&nbsp; Gold is
holding in spite of the rally in the dollar and that is indicative of the fact
that people are holding gold because they believe that it is the best form of
money.&nbsp; In fact, listening to CNBC this
morning, I heard one stock fund analyst saying that their fund had 15%
diversified into physical...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 20 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Bull Run Only Beginning For Gold]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2012&ck=rss]]></link>
			<description><![CDATA[The dollar is
stronger this morning, up 18 basis points and all other markets are in negative
territory.&nbsp; The Dow is down 137 points,
oil is down $1.47, but gold and silver are pretty steady holding in there with
gold at $1,135.60 and silver at $18.32 an ounce.&nbsp; Gold and silver are showing exceptional strength given the fact
that the dollar is rallying and they’ve had such enormous moves on the
upside.&nbsp; In fact, it would not be
surprising to see them rally back...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 19 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold Reaches $1,150 Target]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2011&ck=rss]]></link>
			<description><![CDATA[Gold is being
carried upward on its own momentum.&nbsp;
Traders and investors are buying gold simply because it is rising and
performing better than any other market.&nbsp;
This morning gold reached a high of $1,153.40 an ounce on the key
contract, and silver reached $18.86 an ounce.&nbsp;
These moves are indicative of a very powerful bull market that is likely
to carry substantially higher.&nbsp; Earlier
in the week I commented that Barclay’s Capital had forecast that gold...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 18 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Barclay&#039;s Capital Taps Gold To Rise To $1,500]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2010&ck=rss]]></link>
			<description><![CDATA[The dollar is up 48
basis points this morning at 75.31 as President Obama is talking with the
Chinese about allowing their currency to float, thereby strengthening the yuan
against the dollar.&nbsp; There is some
profit taking this morning, however the correction is modest with gold down
$4.70 in early trading.&nbsp; Silver is down
$.11.&nbsp; After yesterdays enormous up move
those corrections are miniscule.&nbsp; Oil is
also slightly lower along with the Dow.&nbsp;
With t...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 17 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold Soars To New Record High - Silver Jumps $.90]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2009&ck=rss]]></link>
			<description><![CDATA[Gold set another
new all time record high overnight at $1,137.&nbsp;
It is making this huge move to the upside in spite of the fact that the
dollar is only down 20 basis points at 75.01.&nbsp;
Oil is also benefiting, up $.94 at $77.29 a barrel.&nbsp; Equities are likewise higher, with the Dow
up 115 points.&nbsp; Silver jumped $.90 and
platinum and palladium also soared.

&nbsp;

The Dow Jones Wire Service
said: “A cocktail of powerful underlying fundamentals is attractin...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 16 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Analysts See $1,200 Gold By Year-End]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2008&ck=rss]]></link>
			<description><![CDATA[Gold is down about
$1 in early trading, while platinum and palladium are up.&nbsp; Silver is down $.18 in quiet dealings.&nbsp; Oil is also down $.85 and the equity market
is slightly higher.&nbsp; Dow Jones Wire
Service said gold traders are simply eyeing the movements in the dollar.&nbsp; The correction in the metals comes as the
dollar rebounds from its lows.&nbsp; After a
week where gold hit new record highs on an almost daily basis and after the
substantial gains that we’...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Fri, 13 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold Hits New Record High - $1,123.40 An Ounce]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2007&ck=rss]]></link>
			<description><![CDATA[Gold reached a new
all time record high overnight at $1,123.40 an ounce.&nbsp; It subsequently pulled back as the Wall Street Journal reported
that several central banks purchased dollars in an effort to provide some
support to the greenback.&nbsp; They
purchased collectively about $150 billion.&nbsp;
That provided some excuse for the dollar to rally, up 21 basis points,
pulling gold back from its highs to a $1 dip.&nbsp;
That is a negligible decline and it indicates extrao...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Thu, 12 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold Hits Another Record High]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2006&ck=rss]]></link>
			<description><![CDATA[We at Goldline
would like to express our thanks to all veterans who served our country.

&nbsp;

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.&nbsp; Gold is currently trading at $1,116.40 an
ounce on the December contract.&nbsp; It was
about $4 higher earlier in the day.&nbsp;
Silver is up $.44 at $17.66 an ounce, and was $.08 higher earlier.&nbsp; The...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Wed, 11 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Goldman Sachs Sees $1,200 Gold By Year-End]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2005&ck=rss]]></link>
			<description><![CDATA[The metals are
mixed this morning with gold trading up $2.50 at $1,104, while silver is
unchanged and platinum and palladium are both a little lower.&nbsp; The dollar is up 15 basis points at 75.17
and oil is up $.77 at $80.21 a barrel.&nbsp;
The equities are also up, but only slightly with the Dow up 14 points.&nbsp; Dow Jones Wire Service said the metals are
in consolidation mode.&nbsp; That is actually
a good thing.&nbsp; It would be excellent to
see gold consolidating i...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Tue, 10 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<title><![CDATA[Gold Continues to Rocket Upward]]></title>
			<link><![CDATA[http://www.goldline.com/market-news/view-commentary.html?n=2004&ck=rss]]></link>
			<description><![CDATA[Gold rocketed
upward again today gaining $12 in early trading, while silver was up $.32.&nbsp; This is almost entirely due to an extremely
weak dollar, down 69 basis points at 74.97.&nbsp;
Oil is also reacting to the weak dollar, up $1.67 at $79.10 a
barrel.&nbsp; The Dow Jones Wire Service
reported: “A lower dollar, stronger equities and higher oil prices are boosting
gold futures as risk appetite strengthens.”&nbsp;
Gold is now at a new all time record high.&nbsp; Dow Jones...]]></description>
			<author><![CDATA[by Joe Battaglia]]></author>
			<pubDate>Mon, 09 Nov 2009 00:00:00 PST</pubDate>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
			<item>
			<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>
		</item>
		</channel>
</rss>