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

What's Next for Precious Metals and the US Dollar By Chris Vermeulen March 15, 2010 Last weeks price action unfolded just as we expected. Money poured into stocks with the focus being on small cap, banks, and technology stocks. The fact that these sectors are showing strength while utilities, health care and consumer staples lag is a good sign that investors are once again taking risks in the market. Because investors and traders are bullish on the stock market again the money flow into the safe havens like gold and silver decrease. I believe this is the reason stocks moved up last week while precious metals drifted lower. Below are three charts (dollar, gold and silver) showing what I think is most likely to happen in the coming week or two. US Dollar Index - Daily Chart The US dollar has put in a very nice bounce/rally since the low in November 2009. Last month the dollar finally reached a key resistance level of 81. I have been talking about this major resistance level since January as the Dollar would find it difficult to break above this level. Take a look at the daily chart below. You can see a head and shoulders pattern and a neckline which appears to have broken late Friday afternoon. There is a strong chance we could see 78 reached which is the measured move down. If we get follow through selling this week then I would expect 78 to be touched within 5-10 days. GLD & SLV ETF Trading Charts Precious metals have been moving very well for us recently. From looking at the charts using technical analysis we were able to catch the February 5th low and also the February 25th low on a several ETFs. As you can see from the GLD and SLV charts, both metals are not in an up-trend showing bullish chart patterns and trading at support. If we see the US dollar break down next week then be ready to go long gold, silver and stocks. Conclusion As a technical analyst the above charts are pointing to higher prices in the coming days which is exciting for us all. BUT when things are this perfect looking we must be very cautious as the market has way to suck people into setups like this and spit them out a couple days later for a nasty loss. Understanding how the market moves is crucial for avoiding and/or minimizing losses when trades go against us. That is why I continue to wait for my signature low risk setup before putting any money to work. My focus is to take the least amount of trades possible each year, only focusing on the best of the best setups. My low risk setups require downside risk to be under 3% for the investment of choice when the broad market shows signs of strength, as well. I use several different types of analysis to confirm if a setup has a high probability of winning and those which do are the trades I take along with my subscribers. It is very important to wait for the market to confirm a move higher before taking a position with this type of setup. The market could go either way quickly and jumping the gun is not a safe bet. If you would like to receive my free precious metals trading reports please 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)