Daily Commentary

Markets Continue to be Volatile

Gold and the dollar are the only two things that are higher today after a collapse in the U.S. stock market yesterday, followed by collapses in Asia and Europe.  This morning the Dow opened with a 700-point loss, but rebounded on bargain buying and hopes that the massive correction has ended.  At the low the Dow was at 7,882.  Currently, it has rebounded to where it is only down 153 points at 8,425.  Gold is up $14 in early trading, which is off the high.  At one point it was nearly $40 higher.  However, we may see more bargain buying coming into the gold market, as it is very cheap given the safe haven demand and the crisis that is underway.  The dollar is up 47 basis points at 81.63, as money is coming in from U.S. traders as well as foreign investors into treasuries as a safe haven asset.  Therefore, cash assets and gold are the two things that are performing well.  Silver is down $.40 and has been down all morning.  Oil is down $6.64 at $79.95 a barrel.  It has been as low as $78.61. 

Investors who have yet to get into the gold market should do so at once.  This crisis is not over.  We are still in the early stages of the crisis and we could see a massive panic sell off at any time.  However, at the moment there is cheering on the floor of the NYSE as the market has recovered even more on what would appear to me to be perhaps massive intervention.  At the moment the Dow is now down only 21 points and could turn into positive territory very quickly.  In other words, in a matter of about 1½ minutes the Dow went from down 150 to unchanged.  Moreover, it recovered the entire 700-point loss in the first 25 minutes of trading.  This level of volatility is remarkable.  The big question will be, is this an intra-day reversal that marks a bottom?  I think that is not likely.  However, there has been a huge amount of euphoria created that could result in a rally in the Dow before the day is over. 

Do not overlook the fact that gold continues to hold its $15 gain in spite of that reversal.  With the massive amount of volatility that exists in these markets, and the speed with which it moves, safety is an important consideration.  Acquire gold because it is a true form of wealth, not paper promises by governments or others.  Acquire gold because it has a 5,000-year history of protecting and preserving purchasing power.  Acquire gold because it has out performed all of the equity markets for the past eight years.  Do it today.  Call Goldline at 1-800-827-4653.

Ask Goldline about the Price Guarantee Program, which protects you for a period of two-weeks in the event of a correction after your transaction is made.  Ask also how you may be able to acquire free gold coins in conjunction with a purchase.  Also ask Goldline for the free information package.  We have put some new articles and information in the free information package that you will find very helpful.  Goldman Sachs said today they are raising their twelve month gold trading range to $950 - $1,150 an ounce.  They say exposure to gold offers attractive defensive portfolio diversification during a period of extreme market volatility.  Most of the major bank analysts are forecasting gold to rise to $1,000 or higher in the next few months.  This is a time to read up, study, be conservative and own some gold as part of your portfolio.  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 $6,000 of private gold, you will receive a free gold coin.  Investors may wish to consider a tube of these coins to obtain two free 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.  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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