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

Market Meltdown and Metal Missiles By Chris Vermeulen June 30, 2010 What a nutty week for the equities market! The bleeding has not led up with almost two weeks of straight selling. There has been nothing but negative news for the past month and its not looking like there is much light at the end of the tunnel for a long time still. The only places which people feel some safety is in gold and silver. That being said the market is way over-sold here and we could get a bounce lasting a couple days soon. But that bounce will be sold and pulled back down as it looks like a new bear market is starting. Here are two charts of how I am seeing things in general. Gold ETF GLD -- Daily Chart Gold has formed a large cup and handle pattern. It has held up well during the recent weakness. But zooming into the intraday charts I do have some concerns about a sharp sell off in the very near future. We recently bought gold at $1226 and sold out between $1255-1260 a couple days later because it's not just screaming at me as a great buy. I am not a gold bug, I'm a trader who finds low risk opportunities, gets in and out with maximum profits and minimal draw downs spending most of my time in cash. They way I see things is that there is always another trade just around the corner. Silver ETF SLV -- Weekly Chart This is a weekly chart and goes all the way back to 2008 showing a very large cup & Handle. We could technically still see silver trade sideways for several months before it reaches the apex and is forced to breakout in either direction. The up side potential for a cup and handle pattern is 100 to 300% of the height of the cup. So this means $1450 gold and $29 silver using the minimum potential. Now you can see why so many people are buying precious metals. They want a big move. All that excitement and greed could catch up to them if we see a complete market melt down again which will pull EVERYTHING down with it including gold and silver. This is one of the reasons why I cashed out this week near the high. Conclusion In short, I really hate to be negative on the market and economic outlook. I know if the market crashes again the majority of individuals who have worked hard, saved money and invested using mutual funds will lose most of their money in a fraction of the time it took to create the wealth, and that is a uncomfortable thought. Nothing worse than just getting to retire then seeing half of your money vanish. Anyway, the good news is that we can avoid these market crashes and actually take advantage of them using inverse ETFs which go up two or three times faster than what the market is declining. These powerful trading tools if used correctly can make us a fortune while others are losing their shirts. Currently I am in cash and have taken a couple scalp short trades taking advantage of the market falling on Tuesday and again today. These trades only last about ten minutes but generate some fast profits. You can see the short I did yesterday which explains what I saw and when I put on the trade : http://www.futurestradingsignals.com/trading-education/es-mini-scalp-trade-video/. If you would like to get my trading alerts, please check out my websites at www.TheGoldAndOilGuy.com or www.FuturesTradingSignals.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)