Daily Commentary

Gold at $1,000 an Ounce By October Looks Promising

Gold and silver exploded higher with gold trading up $28, after reaching as much as $33 upward in early trading.  Silver is up $.72 after having been up nearly $1.  Both are holding substantial gains and looking to move much higher.  Gold has a major break out level at $910.  Once it closes above that level it should begin to see accelerating technical momentum to the upside and a lot of short covering.  That should propel gold back into the $935 to $950 level promptly.  Oil is also sharply higher gaining $3.11 a barrel to $137.66 in early trading.  With less than a half-hour into the market the Dow is down 130 points at 11,682 and threatening to break down below a key support level.  If the Dow closes below a support band between 11,700 and 11,550, it could have a shocking decline.  The dollar is down 25 basis points at 72.68.  But, it is taking a beating against the euro.  It is likely the European Central Bank will raise rates ¼% on July 3^rd.  Once it does so, the dollar may enter another major down-leg, which will cause gold to push substantially higher.  All of those bank and broker forecasts of $1,000 an ounce by the early part of October are now looking a lot more promising.

If you haven't already acquired gold and silver or if you do not have adequate diversification, this is the opportunity to increase your holdings.  The next time gold breaks above $1,000 an ounce; it is likely to head to $1,200 an ounce.  Analysts on Bloomberg Wire Service this morning commented that they see gold at $1,200 by the end of the year.  These forecasts are consistent with those that we have been receiving from major banks and brokers for some time.

In addition, geopolitical concerns seem to be increasing once again as Palestinian militants fired a rocket into Southern Israel.  The truce seems to have lasted for one week. 

The need for gold and silver as a "safe haven asset" and an asset that can produce extraordinary gains given the outlook, is growing.  This is the opportunity to acquire gold and silver at bargain basement prices.  Call Goldline today to get started, 1-800-827-4653.  In addition, be sure you ask for the special articles from Royal Bank of Scotland, which is forecasting a stock market crash within the next three months.  That is a very important article as is the article written by Richard Fisher, a voting member of the Federal Reserve Board and the one member who dissented from the decision to hold interest rates unchanged yesterday.  They are warning of a potential economic calamity.  You should read this information carefully.  Goldline is also giving away a free copy of the Bloomberg report quoting Schroder Investment Management, one of the largest in the world, forecasting that gold could reach over $5,000 an ounce within three years.  Read this information and listen to the free CD interview with Frank Barbera.  Call Goldline at 1-800-827-4653.

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. 

Goldline will also send you a free CD of the special interview with analyst Frank Barbera if you ask for it.  This is a remarkable interview and I think everyone would benefit from listening to it.  Call Goldline now to receive your free information package at 1-800-827-4653.

^{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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