![]() Current Market Rates Per Ounce September 10, 2010 3:01:34 PM PST
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![]() Commodity Report for Gold and Silver By Chris Vermeulen November 8, 2009 Everyone is talking about commodities as the place to be in the coming months. I tend to agree, but it is still important to know where each commodity is trading to maximize returns and reduce risk. That being said we are also seeing money flow out of the small cap stocks and into the large cap blue chips Stocks. These companies prove year after year that they are profitable and that's where investors have been putting their money the past couple weeks. This can be seen by simply looking at the Dow Jones Industrial Average and the Russell 2000 index as the Russell has dropped in value much more than the Dow. But if we see the market turn back up and make a new yearly high in the coming weeks, small cap stocks will most likely provide explosive opportunities for traders. Below is some analysis on gold and silver. GLD ETF Trading - Weekly Trading Chart By looking at the weekly chart of gold we can see two simple things. 1 - Each breakout is happening quicker as money continues to move into gold. 2 - This step like pattern (bull flags) is very powerful and can continue for a very long time. ![]() GLD ETF Trading - Daily Trading Chart This chart shows the same price action but on a daily chart. It also shows one way to find and trade low risk setups for the GLD ETF traded fund. ![]() SLV ETF Trading - Weekly Trading Chart Silver ETF trading has not been as exciting. Silver has yet to breakout above the 2008 high. It is actually trading at a major resistance level and still has some work to be done before looking really bullish in my eyes. This is acting like major resistance level for two main reasons. 1 - It is testing the 2008 highs where a lot of traders bought silver over a 5-6 month period. There are a lot of sellers to flush out before moving higher. 2 - The drop in silver price in late 2008 was so scary for investors who bought at $16-20 that they cannot believe they are getting their money back. I think this is making a higher volume of investors sell their positions at break even because they just want out after seeing 50% loss at one point last year. ![]() Conclusion: To sum up next weeks market action I feel it will not be anything to write home about. Gold and silver will most likely trade sideways or up. GLD ETF continues to be our investment of choice as it provides the more accurate low risk setups time and time again. With any luck we could get some low risk setups this week but I am not counting on it. 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) | |||||||||||||||||||