Current Market Rates Per Ounce May 17, 2012 3:38:45 PM PST USD $  CAD $ Gold (AU): 1,573.72  1,603.78 Silver (AG): 27.99  28.52 Platinum (PT): 1,448.00  1,475.66 Palladium (PD): 601.50  612.99 USD-CAD Exchange Rate: 1.019 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

Transition Complete By Toby Connor May 12, 2011 Despite my bias to see new all time lows in the US dollar index, I think the dollar probably put in the three year cycle low last week. Sentiment at the time had reached multi-year lows and as of yesterday the dollar had moved back above the 50 day moving average. If I'm right then this should usher in the next deflationary period just like the rally out of the 2008 three year cycle low signaled a coming recession, the next leg down for stocks in the ongoing secular bear market, and a collapse of the CRB into its 3 year cycle low. This should also drive gold down into its D-wave decline. Yesterday the miners made a lower low and this morning silver made a lower low. It's probably only a matter of time before gold breaks below the $1462 pivot. That would confirm that gold is now in an intermediate decline and this late in the C-wave that would almost certainly turn out to be a D-wave correction. The good news is that sometime in late June or early July we are going to get the single best buying opportunity we will ever get for the rest of this bull market. At this point the goal is to preserve capital and get to that major D-wave bottom with plenty of dry powder. GOLDSCENTS is a financial blog focused on the analysis of the stock market and the secular gold bull market. Subscriptions to the premium service includes a daily and weekend market update e-mailed to subscribers. If you would like to be added to the e-mail list that receives notice of new posts to GoldScents, or have questions, e-mail Toby. Home | Products and Prices | Buying | Selling | FAQ | Articles | Forms | Top Website © Copyright J&M Coin & Jewellery Ltd. 2011. All rights reserved. Pricing index programming and site hosting by Sandrix Technologies Ltd. (AXD)