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September 08, 2010 4:19:24 PM PST

USD $  CAD $
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Silver (AG): 19.93  20.67
Platinum (PT): 1,552.50  1,609.94
Palladium (PD): 522.00  541.31
USD-CAD Exchange Rate: 1.037

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J&M Coin & Jewellery Ltd.
127 East Broadway
Vancouver, BC, V5T 1W1, Canada
Tel: (604) 876-7181
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Articles and Commentary

'Tis the Season to Trade the Seasonal Charts: Gold and Silver
By Chris Vermeulen
December 3, 2009

The market has had a fantastic week so far for precious metals. The financial sector is under-performing which is a concern but we continue to hold our positions and will wait until a reversal to lock in our gains. Things seem to be lining up for precious metals to take a breather.

Let's take a look ...

GLD ETF Fund
Gold continues to push higher surprising many of us. It seems as though money is rushing into metals and buyers are not particularly concern about price. While this is great for short term traders and those of us in the trade, we must remember that the faster things go up, the quicker they correct.

Don't get me wrong, I don't think gold is going to crash, I just think we could get a 10% correction before moving much higher. Gold is also trading near the upper end of the trend channel and could have a 2-4 day consolidation with the broad market before pushing much higher.


SLV Exchange Traded Fund
Silver has been underperforming yellow gold but is still a solid investment. It is also trading near the upper end of the trend channel and could have a 2-4 day consolidation with the broad market.


Conclusion:
Precious metals continue to perform well and it's important to note that PM stocks are now moving higher with gold. They have been lagging for some time but are on fire again. Great to see! Continue to hold precious metals positions but be ready to lock in profits if we see the market reverse sharply.

Check out my Free ETF Trading Newsletter.


TheGoldAndOilGuy.com is owned and run by me (Chris Vermeulen), an individual gold trading specialist. After sharing my gold analysis with friends, traders and financial advisors, I decided to make TheGoldAndOilGuy.com my full time job in 2003. This service was designed from the ground up to help individual traders who want to focus on consistent, accurate and profitable trades. Over the past ten years my strategy has been refined to one golden trading vehicle which has an almost 100% accuracy. The GLD (DGP and DZZ) gold exchange traded funds are now the most accurate trading vehicle I have seen, so it's my vehicle of choice. Members of TheGoldAndOilGuy.com not only get to trade my signals, but see my live trading charts and ask me all the questions they wish. My goal is for all of us to make money and have fun in life.


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