Current Market Rates Per Ounce September 10, 2010 1:24:27 PM PST USD $  CAD $ Gold (AU): 1,246.00  1,289.86 Silver (AG): 19.83  20.53 Platinum (PT): 1,536.50  1,590.58 Palladium (PD): 516.25  534.42 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

Gold Trends -- What's Next? By Chris Vermeulen December 22, 2009 Gold has been leading the market for almost a year. Last week gold and gold stocks were trading at support looking ready to bottom but as you will see in my charts below, both broke support on heavy volume. With gold now under-performing the stocks market, I get the feeling we could see the broad market top. Topping is a process and after this strong climb I figure it will be choppy (tough to trade). Much like the price action on the Dow and S&P500 the past month but this time it will be on a larger scale. From a technical stand point the major indexes are trading at a key resistance zone from October 2008. This has been an amazing year for trading but I think the time has come for a correction or another melt down depending on how you view the USA economy. It does not really matter which happens as we can play both directions. As far as the fundamentals go, well the US economy in my opinion is scary. All I know is that if the markets start to melt down everyone better make BIG money on the way down because a severe correction will cripple the county as millions more will become unemployed. I am concerned that current recession may turn into a depression. 'If' we get another stock market meltdown, literally every asset class will go down with it. The only difference I think will be the trend of gold. Everyone has started to buy gold or at least thought about buying some. 'If' a meltdown occurs I think gold will go down in price at first with everything else, but if we are headed for another market collapse EVERYONE will turn to gold as the safe haven, triggering a massive parabolic spike straight up which could last years. Enough of this negative talk, Lets take a look at the short-term gold trends. Gold Trend -- Daily and 60-Minute Chart The trend of gold broke down from the red rising channel a couple weeks back as expected. We were taking profits at the $115 level. The more recent price action shows two technical breakdowns on the daily chart and the small 60-minute overlaid chart. The daily breakdown crashed through our support trend line and the 60-minute chart shows the breakdown below the previous low. The price is currently trading at resistance and the odds now favor lower prices. Silver Trend -- Daily Chart Silver is trading at support and has yet to break the previous low. I think we will see this happen in the next few days. Conclusion: The trend of gold has been very predictable over the recent months and this correction seems to be textbook pullback. I see the short term trend of gold still down but the longer and more powerful underlying trend is up. Let's wait for the price of gold and silver to sort itself out and wait for low risk entry points before jumping back in. If you would like to receive my Free weekly gold trend and market analysis visit my website: 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)