Daily Commentary

Gold Still On Course for $1,000 An Ounce

Gold and silver started lower in reaction to softer oil and a firmer dollar, but quickly turned around, with gold posting a gain of $3 and silver up $.15 in the first half-hour of trading.  The dollar is down 2 basis points at 72.05 and oil is down $.28 at $134.33 a barrel.  While the Dow Industrials are up 26 points, there seems to be a lack of follow through in the equity market.  Financial stocks are continuing to show improvement with Fannie Mae and Freddie Mac both up in early trading.  The euro was softer after the U.S. housing starts and jobless claims data, which put some pressure on gold.  Otherwise, we might have seen gold even higher this morning.  U.S. jobless claims rose 18,000 indicating unemployment on the rise.  Housing starts increased 9.1% versus an estimate of falling 1.2%.  That was a substantial increase and it resulted almost entirely due to a change in New York City building codes.  Therefore, the housing data is not indicative of the condition of housing across the country.

According to many of the analysts quoted on Dow Jones Wire Service, gold is still on course for its $1,000 an ounce target.  That target could actually be reached in the next thirty days.  Gold has rebounded and demand increased at times when it was not expected to.  This is again, a bullish signal indicating great underlying strength in this market.  Barring unforeseen circumstances, it seems likely gold will rise to $1,000 within thirty days and to $1,050 or more within the next ninety days.  This is a great opportunity to get into the gold and silver market.  They have bounced off the lows; they have held support and the rising trend lines remain well in place.  Therefore, do not miss the opportunity to acquire gold and silver at bargain basement prices.  Call Goldline today at 1-800-827-4653 to get started. 

Be sure to ask Goldline for the free information package, which includes several articles from major banks warning of a stock market crash in the next several months.  You should also ask for the FDIC brochure, which will help you to understand how to be sure your bank accounts are property insured by the FDIC.  Many people have lost money on the collapse of IndyMac Bank simply because they did not have these accounts titled properly.  Over ten thousand people lost a total of $1 billion by making these mistakes.  You cannot afford to make these mistakes.  Call now for the FDIC brochure.

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 Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure Booklet, read these 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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