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September 08, 2010 4:19:24 PM PST

USD $  CAD $
Gold (AU): 1,256.00  1,302.47
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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Articles and Commentary

Trading Gold and Silver
By Chris Vermeulen
December 10, 2009

ETF trading has made it so easy for traders and investors to get maximum exposure to the entire market without the high fees of mutual funds and manager. There are now ETFs covering almost every investment type whether it's stocks, indexes, sectors, commodities, bonds, real estate, currencies, etc.

In this short report I will quickly show a few charts on what is happening for precious metals.

ETF Trade Gold
We have been in the GLD ETF for a few months as we ride this bull to new highs. This chart clearly shows how buying dips in a bull market can really pay off. I do have certain criteria which must be met before buying dips so I know the odds are in my favor.


ETF Trade Silver
Silver along with gold is looking ready for an oversold bounce. I don't think prices will jump and rally higher right out of the gate but eventually I feel the will head higher.


Conclusion:
Gold stocks and the broad market are in a bull market. The recent pullback has many traders worried. I think this an opportunity to bet into some positions before the next rally. Buying the dips in a bull market is a low risk trade until proven wrong. I think we still have more of a pullback yet but then we could have a very profitable year end Christmas rally.

Let's see how the second half of this week unfolds.

Join 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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