I’m beginning to wonder if there’s anyone out there that isn’t BULLISH on the Precious metals and that makes me very uncomfortable.  Bill Fleckenstein, President of Fleckenstein Capital and a man for whom I have a great amount of respect, wrote an article about Gold Monday for his Contrarian Chronicles column on MSNMoney.com.  I recommend that you paste the following link into your web browser and read his latest commentary- Why this downturn is different.  Not only will you be able to read his article but there are a couple of links to some interesting stories about Gold.

My belief that Gold and Silver will preserve your wealth is based on a couple of very important economic events that are taking place today.  I believe that rising unemployment and the continuing decline in housing prices are situations that will eventually lead to lower stock prices and an increase in the anxiety level of the average investor which will lift Gold and Silver to new highs.  Mr. Fleckenstein also believes that stock prices will eventually move lower.  We are both very bullish on Gold.  I’m just a little cautious here because there doesn’t seem to be a dissenting voice when it comes to Precious metals.  Bill and I are contrarians and I’m sure he’s having the same thoughts as I am regarding the lack of skepticism regarding the latest rally in the Gold and Silver.  The one thing that I do like about the latest move in Gold and Silver is that it’s been very steady with little volatility along the way.  When Copper made new all-time highs a couple of years ago it moved in precisely the same pattern.  I believe this will be the case for Gold.  A gradual ascent to new all-time highs.  Once those new highs are achieved there’s a very good chance volatility will increase dramatically because a lot of momentum players will be waiting to jump on the bandwagon and that will mean a breakout that could be like fireworks on the 4th of July!  The fact remains that we still have resistance at the March highs that is evident on the chart below.  With a $100 an ounce rally you sometimes look for a bit of a retracement to take some pressure off the market.  This may be a case where waiting for that retracement before taking a position could be very costly.

Now, the question I have for you is “What have you done to secure your wealth?”  All of us here at Bullion.com are very proud of the fact that we can now offer you a direct toll-free number for all of your Precious metals investment needs.  Have you taken the time to call and talk to one of the professionals that deal in these markets on a daily basis?  If not, then I only have one other question.  What are you waiting for?  It’s never a good idea to chase markets and I believe that’s what will be taking place very soon.  Markets are funny things.  They try to lure you into thinking that if you just wait a little longer you’ll get a better price on your purchase.  Unfortunately, most people just keep waiting for that “better price” and they miss the move altogether.  My advice is, don’t wait!  BUY now!  We may never have this opportunity again.  Here’s a recent communique from our Precious metals dealer regarding current prices on Gold and Silver -

SELLING GOLD BULLION COINS (common dates)

QTY

500                                       1  Troy OZ US GOLD EAGLES          SPOT + 4.00%

500                                       1 Troy OZ GOLD MAPLES                 SPOT + 3.75%

SELLING SILVER BULLION COINS (common dates)

5000                                   1 Troy OZ SILVER EAGLES              SPOT + $1.95

$25.00 Delivery Fee on less than 20 coins.

100 Coins or more – Call for bargain pricing!  (Prices are subject to change.)

There you have it.  For today’s Gold and Silver prices call 1-800-605-1792.  And remember, any questions that you may have on the markets should be directed to me at 888-453-4614 or to daledoelling@bullion.com.

Good trading,

Dale F. Doelling, Chief Market Analyst

The information and comments contained herein are provided by Secure Future Financial Corporation (”SFF-CORP”) and NOT Castello Cities Internet Network, Incorporated. Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not guarantee its accuracy or completeness. Any reproduction or retransmission of this report without the express written consent of Secure Future Financial Corporation is strictly prohibited. Again, the information and comments contained herein is provided by SFF-CORP and in no way should be construed to be information provided by Castello Cities Internet Network, Inc. Copyright © Secure Future Financial Corporation.

Last week’s market action saw a breakout in the June Gold futures as Gold made a new one-month high at $926.50 on 5/7.  I was all ready to put out an alert to BUY but I needed to see confirmation that the new high would hold and, of course, it didn’t.  Don’t get me wrong here.  I’m still very bullish on the entire Precious metals complex and here’s why.  The June contract closed back above the 20-day MA on Tuesday and has remained there.  That’s a big positive for the longer-term outlook.  Looking at the market from a short-term perspective, the hourly chart just shows a market that simply can’t gain any traction.  With the Dollar having lost 10 cents to the Euro in the last 2 months, it’s a bit puzzling that Gold hasn’t had a significantly larger move than it’s been able to generate.  But I’ve never been sold on the whole Dollar/gold argument and the last 2 months are a perfect example of why I don’t completely buy into the correlation between the Dollar and gold.  On March 11th, 2009, the Euro opened at 1.2681 and June Gold opened at $897.80.  The Euro has gained just shy of 8% vs. the Dollar while the Gold price has gained slightly more than 2% during the same period.  Hardly a rousing example of as the Dollar goes, so goes Gold.  Silver, on the other hand, seems to have taken the upper hand as its gain over the same time frame was 11.2%.  I’ve been advocating Silver for quite some time and I still believe that it will continue to outperform Gold on a relative basis as we move into the summer months.  A breakout above the February highs would not surprise me in the least.

I would almost go so far as to say that a retest of the February highs is a foregone conclusion.  This market has had 7  strong sessions to the upside and, with the only resistance having been overcome, there’s only one hurdle left before Silver can set its sights on $20.  So, if you have any questions about my position on Silver let me remove any ambiguity.  I’m a “raging bull” on Silver and, should the market take out $14.64 on a closing basis it should launch an all-out assault on the $20 target.  Which leads me to my next subject.

So many of you have written to us and asked two very simple questions – “What is the best form in which to buy bullion?” and “How do we go about buying bullion for our investment portfolio?”  We now have the answer to both of those questions.  It’s Bullion.com!  The fact of the matter is, the Precious metals business is fraught with landmines of which the vast majority of investors are totally unaware.  So we came up with the only logical solution.  We sought out a bullion dealer with a reputation that is second-to-none in the industry to handle our visitors’ and subscribers’ needs.  Whether you are looking to purchase a one ounce American Eagle Gold coin or 100 one ounce Canadian Maple Leafs, Bullion.com will now be able to provide you with a direct link to our bullion dealer.  We at Bullion.com believe that this is just a natural progression to what was our original mission -  to provide a comprehensive resource for Precious metals investors worldwide.  We did the due diligence so you won’t have to.  So, if you subscribe to our newsletter then you will receive a special invitation to try our new service as soon as it is available.  If you aren’t a subscriber then go to Bullion.com and subscribe to our newsletter or you can check back with us beginning next week.  We are very excited about this new service and, once you have tried the service, we will be asking you for an evaluation of the service that was provided so that we can insure that it is the best the industry has to offer.

There you have it.  Bullion.com is not only your #1 Precious metals resource for information on the markets but it’s now your source for buying bullion through our bullion dealer.  Just call our Bullion.com toll-free number, 1-800-605-1792, to speak to a representative for pricing on any type of bullion that you may be interested in.   It’s just that simple.  And don’t forget to email me at daledoelling@bullion.com if you have any questions regarding the Precious metals markets.  If you would prefer to speak to me personally you can call me at 888-453-4614, ext. 2, during normal business hours.  I look forward to hearing from you.

Good trading,

Dale F. Doelling, Chief Market Analyst

The information and comments contained herein are provided by Secure Future Financial Corporation (”SFF-CORP”) and NOT Castello Cities Internet Network, Incorporated. Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not guarantee its accuracy or completeness. Any reproduction or retransmission of this report without the express written consent of Secure Future Financial Corporation is strictly prohibited. Again, the information and comments contained herein is provided by SFF-CORP and in no way should be construed to be information provided by Castello Cities Internet Network, Inc. Copyright © Secure Future Financial Corporation.