Current Market Rates Per Ounce September 10, 2010 3:01:34 PM PST USD $  CAD $ Gold (AU): 1,246.35  1,289.47 Silver (AG): 19.87  20.56 Platinum (PT): 1,536.98  1,590.16 Palladium (PD): 515.30  533.13 USD-CAD Exchange Rate: 1.035 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

Buying Precious Metals on Pullback By Carter Thompson October 16, 2009 Asset reflation is the talk of the town, with stocks, precious metals and commodities rising and bonds falling the past week. While precious metals have enjoyed a good run, MACD readings are indicating that area patterns are being formed as a much needed breather is needed before resuming the trend. For those looking to add on, buy back, or to initiate positions in precious metals, it is important to be mentally prepared to buy gold and silver once they hit identified support levels. We analyze these support targets in the charts below. Gold has broken out from a continuation pattern over the past week or so, and the high MACD readings show that a correction is prudent. The up-trend line that straddles the apex of the previous triangle pattern and the continuation pattern that ensued should be a good level of support, or about $1,020 to $1,025 per ounce. This is validated by the 38.2% Fibonacci Retracement level. If this support breaks, expect next support to be at $1,000-$1,010 per ounce. Meanwhile, silver's momentum looks a little weaker, but it should find support near $16.30 to $16.50, validated by the previous channel's resistance (turning to support) and 38.2% Fibonacci Retracement level. Summary We would suggest slow accumulation when these precious metals hit these levels and volatility dies down. The probability that support levels hold are high given that the up-trends are quite fresh and given inflation signals across asset classes. For more information on how to find low risk trades join my free newsletter: MarketTimingSignals.com. Home | Products and Prices | Buying | Selling | FAQ | Articles | Forms | Top Website © Copyright J&M Coin & Jewellery Ltd. 2009. All rights reserved. Pricing index programming and site hosting by Sandrix Technologies Ltd. (AXD)