Daily Commentary

Investors Trust Gold to Keep Portfolio Safe

Gold was up over $4.00 in early trading with silver gaining $.03 after a weaker open.  The dollar is down 14 basis points at $73.30 and oil is up $.35 at $137.09.  The equity market is lower with the Dow trading down 98 points.  Gold is recovering on bargain buying and good demand for physical gold that set in during Asian trading hours.  Moreover, the Euro has strengthened versus the dollar and that too is supportive.  With the economy continuing to weaken, it is unlikely that The Fed will raise interest rates at their meeting this week.  Therefore, gold should continue to be well supported.  For the moment it continues to trade in this $885 to $910 trading range.  But notice that the lows are higher and the highs are higher as this market continues in both its major long term rising trend and its short term rising trend.  On balance, the precious metals continue to appear to be a buy. 

Treasury Secretary Paulson said there is a real risk that high oil prices will prolong the U.S. downturn.  In addition we are now seeing companies raising prices not just in the food and energy sector, but in other products as well.  For example, Dow Chemical raised prices by 25% following their previous increase of 20% for a total of 45% increases in Dow Chemical products this year.  That's an enormous increase that will affect almost everything we use and consume.  Other chemical companies and manufacturers of plastic goods, farm chemicals, and other kinds of products will also be raising rates accordingly.  In addition, home prices are expected to continue to decline.  The housing problem also affects the banking sector.  Looking at the financial stocks yesterday, we can see a near catastrophe as B of A was down 4.5%, WAMU down 6.5%, Lehman down 5.79% and others joining the dismal performance.  In that environment it is reasonable to assume that

The Fed will continue to inflate to attempt to help the banking system.  As it does so, that will be negative for the dollar and positive for the gold market.  Consequently, investors should be accumulating gold and silver at these price levels.  Remember that the Royal Bank of Scotland, a very conservative financial institution, just last week forecast for its best clients that there is a high probability of a severe stock market and financial crash.  Others have been issuing similar warnings.  In that kind of environment it makes a lot of sense to choose safety over potential profits.  That's why we see so many people moving into gold as a safe haven asset and a diversifier for other assets that they own.  It is also an excellent reason to be moving into safe income producing assets rather than taking further risks in stocks and funds, which have been performing poorly.  Moreover, one of the largest money managers in the world, Schroeder Management, who oversees $277 billion in assets globally is warning that the gold market is likely to post extraordinary gains over the next few years with highs over $5,000 clearly possible.  To read these reports and receive other information, be sure to call Goldline at 800-827-4653.  When you acquire gold and silver today ask about the price guarantee program that gives you 2 weeks of price protection on your transaction 1-800-827-4653

You can receive all of these special reports and special information by calling Goldline today at, 1-800-827-4653.  It is also a perfect time for you to get started with gold and silver.  Ask Goldline about the Price Guarantee Program and about the special offers that may enable you to get free gold or silver coins.

Investors should contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver investments that are available to you.  Select those that best meet your own personal and individual investing needs and objectives.  Investors looking for low transaction costs may wish to consider bullion assets such as American Eagles, Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars.  However, the Price Guarantee Program is not available with these assets. 

If you would like to take advantage of the Price Guarantee Program, which provides you with a two-week window of opportunity in which to re-price your order in the event of a correction, you must select assets with some collectible value such as Swiss 20 Francs, Double Eagles and Silver Dollars.  When you acquire 29 Swiss 20 Francs, you will receive the 30^th coin for free.  Investors may wish to consider several tubes of these coins to obtain several free Swiss 20 Franc gold coins.  Call Goldline at 1-800-827-4653 for further information.

To receive the free information package including the four articles on the dollar, the economy and gold call Goldline at 1-800-827-4653.  Goldline also provides several other helpful articles.  There are a number of other independent third party source articles that you will find extremely helpful and informative.  You will also receive the company brochure and a Coin Facts Risk Disclosure Booklet, which you should read carefully before you make an investment. 

^{You should carefully read the client Account Agreement and the Risk Disclosure information. These explain important things you need to know before you invest in precious metals, such as: past performance does not guarantee future results. Transaction costs are generally 5% to 10% on bullion and 30% to 35% on coins. This is also referred to as the spread, or the difference between the buy price and the sell price. The market must go up enough to overcome this spread before an actual profit is achieved. All markets go up and down. Coins are a long-term, three- to five-year, preferably five- to ten-year investment, suitable for 5% to 10% of the average portfolio. Please see Goldline's Risk and Disclosure Statement for further details.}

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