Bullion Coins and Bars.com
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

Products and Prices
Buying Bullion
Selling Bullion
Frequently Asked Questions
Articles and Commentary
Forms and Resources

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
Bullion Coins and Bars.com

Articles and Commentary

Gold on the Move
By Chris Vermeulen
July 28, 2010

Most traders I have been talking with are feeling the same thing. Something big is brewing for the equities market but most do not want to get heavily involved until there is a clear direction. The broad market has been consolidating for almost three months and it's important to remember that the larger the consolidation the bigger the move.

Also the biggest and best moves come from failed patterns. So is the big head-and-shoulders pattern on the SP500 which everyone is yelling about ("the sky is falling") really going to happen or is this the BIG fake out? Only time will tell, either way no matter which way it goes I will be sure to catch some of it.

GLD - Gold Bullion ETF
Gold has been sliding lower for several weeks now and it looks to be showing selling exhaustion. The 5th wave down with the volume spike indicates panic selling as investors cannot hold onto those positions any longer and exit. This is a bullish sign for gold. Also we are seeing gold fall deep into a support level along with the 200-day moving average.



Conclusion:
The equities market is in limbo until a clear trend is established. If the financial sector breaks out to the upside then we should see a sizable rally. Gold is almost looking ready for a bounce but I am waiting for more confirmation before jumping on the wagon.

If you would like to receive my trading analysis and ETF alerts try my subscription service which has a 30-day money back guarantee: http://www.thegoldandoilguy.com/specialoffer/signup.html.


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)