![]() Current Market Rates Per Ounce September 08, 2010 4:19:24 PM PST
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![]() Precious Metals Gone Wild By Chris Vermeulen November 4, 2009 Precious Metals ETF have gone wild the past two weeks. Last week we saw gold and silver prices drop sharply as it shook out short-term trader's stop orders before breaking out and moving higher. Also there is a disconnect between the gold and the dollar. GLD ETF Trading - Pivot Trading Low Last week we had our pivot trading low generate another buy signal for gold. Trading pivot lows is a simple trading strategy. I call them low risk setups and take advantage of buying a stock, commodity or currency after a pullback to support and when a reversal candle is formed. This chart clearly shows when you are trading with the trend buying on the dips is generally a low risk play with great up side potential. ![]() Precious Metals ETF Trading - Gold Bullion Takes Control This is a chart which shows the performance of gold stocks (red), silver bullion (blue), and gold bullion (green). As you can see the past two weeks while the market has been selling down precious metals stocks have been hit harder than silver and gold. Because of the heavy selling in stocks recently the smart money had been going into commodities especially gold bullion. Gold stocks are a great play but this is telling us investors feel safer in physical bullion than stocks. Gold is the most known precious metal and safe haven which is why it's holding value better than silver and stocks. This week we are seeing gold become more valuable in several major currencies, which means gold is actually making a real move higher. ![]() Conclusion: The market is starting to feel a little squirmy as it tries to find support. Small cap stocks continue to get crushed while blue chip (large cap) stocks are holding more of their value. Gold has broken higher this week while silver and precious metal stocks under perform their big sister Yellow Gold. The market has been jumpy the past two weeks because market participants are very uneasy about the future direction of the USA dollar. If you would like to receive my free weekly trading reports, please visit my website at 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. 2009. All rights reserved. Pricing index programming and site hosting by Sandrix Technologies Ltd. (AXD) | |||||||||||||||||||