Current Market Rates Per Ounce February 03, 2012 3:19:34 PM PST USD $  CAD $ Gold (AU): 1,724.90  1,709.10 Silver (AG): 33.56  33.26 Platinum (PT): 1,615.63  1,600.83 Palladium (PD): 701.60  695.17 USD-CAD Exchange Rate: 0.991 J&M Coin & Jewellery Ltd. 127 East Broadway Vancouver, BC, V5T 1W1, Canada Tel: (604) 876-7181 Toll Free Ordering: 1-888-244-9999 Fax: (604) 876-1518 e-Mail: jandm@jandm.com Web: www.jandm.com

Gold and Silver Mid-Week Trading Charts By Chris Vermeulen March 11, 2010 So far this week has been pretty slow. Large cap stocks continue to lag the market which can be observed by looking at the Dow Jones Industrial Average which still has room to move higher before breaking the January high. One important thing to note is that volume has picked up this week considerably -- particularly on the SP500 and OEX. It's difficult to say if this volume is a good sign or not. A lot of stocks and sectors are trading near their January high and this gives traders a reason to unload shares. On the flip side, the several sectors and indexes have broken their January high and this triggers a surge in volume as breakout traders try to take advantage of the new high and momentum. So you can see how the surge of volume is not a useful indicator right now. Here are some charts of what I think we could see in the coming weeks. US Dollar Index - Daily Trading Chart I follow the US dollar index very closely simply because it affects the prices of stocks and commodities. I used a line chart below in order to take out the daily candle stick noise which made it very difficult for our eyes to pick up this pattern. The chart shows a possible head and shoulders pattern and if that is the case then we should see the dollar start to slide lower. In turn, this would boost stocks and commodities. This is the fuel that I think could really move the market sharply higher in the coming weeks. GLD Gold ETF - Daily Trading Chart The price of gold looks to be setup for a nice bounce off support and the timing could just work out if the US Dollar starts to drop over the next few days. There could be a low risk setup just around the corner. SLV Silver ETF - Daily Trading Chart Silver has held up well but today's reversal candle to the downside scares me a little. The odds are that silver will carry this strong momentum selling down for another one or two days. Again, with any luck, it will test support and the US dollar will start to slide lower. Mid-Week Trading Conclusion: In short, stocks and indexes are trading at resistance levels with many of them making new highs and that is great to see. A lot of things are trading in limbo waiting to see what the US dollar is going to do. Several months ago I posted some charts showing that 81 would be a key resistance level for the dollar. If it broke above that then 84 would be the next key level to watch. So we just have to wait and see ... the hardest part of trading is the waiting. Gold and silver look like they could continue higher in the next few days if things unfold that quickly. But the market always finds a way to drag out moves so we could still be a two or three weeks away. I hope this report helps give you an idea of where things are at in the market. If you would like to receive my Free Trading Reports and Analysis be sure to visit my website: www.TheGoldAndOilGuy.com. 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. Home | Products and Prices | Buying | Selling | FAQ | Articles | Forms | Top Website © Copyright J&M Coin & Jewellery Ltd. 2010. All rights reserved. Pricing index programming and site hosting by Sandrix Technologies Ltd. (AXD)