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

Weekly Gold and Silver Analysis By Chris Vermeulen March 21, 2010 Last week was nothing special as stock market continued to drift higher on light volume and the Volatility Index (VIX) reaching a new multi-year low. This mix of higher prices on light volume, multi-year lows in the VIX, and an overbought market paints a clear picture to a market technician -- be ready for a pullback! Last Wednesday I sent out a report covering sector rotation comparing the price performance of these sectors from the January peak with last weeks price action. It was very interesting and it pointed to a sharp sell off Thursday or Friday. GLD Gold ETF Daily and 60-Minute Chart Last week gold gap higher then traded sideways for a few days. I will admit it was very tempting to buy into the move but I stuck with my trading strategy which is to not chase moves which gap in my direction. Gaps are known to get filled about 70% of the time. What that means in this situation is that the price will most likely sell back down to fill that gap before trying to move higher. All that said, the problem I see now on the daily chart is the possibility of the mini head-and-shoulders pattern breaking down. If gold moves any lower then I would expect a sharp pullback. The measured move would equal a pullback to the $104 area on the GLD chart and the $1070 level for spot gold. SLV Silver ETF Trading Chart The silver chart looks much different than gold but in reality they are trading in a similar situation. If silver moves any lower then sellers will flood the market and take the price down to the next support level. But if we get a bounce then it should surge and rally almost a $1 per ounce from this point. Only time will tell as we let this trade unfold with a stop at $16.52. Conclusion In short, the overall market is trading at level were there is not much to we can do. Day traders are able to take advantage of this price action but not swing traders. I feel the major indexes have another 1-2 down day left in them before a bounce but it's more difficult to gauge the momentum with a cool down period in the middle of it all (the weekend). The market is on the edge of some exciting moves as I can feel something brewing. With any luck there could be some great opportunities in the coming days. If you would like to receive my free weekly trading reports, check out 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)