Bullion Coins and Bars.com
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

Products and Prices
Buying Bullion
Selling Bullion
Frequently Asked Questions
Articles and Commentary
Forms and Resources

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
Bullion Coins and Bars.com

Articles and Commentary

Holiday Gold
By Chris Vermeulen
December 28, 2009

Last week the market fell into its regular holiday tradition of light volume as institutions and big traders enjoyed the holidays, thus allowing prices to drift higher. We still have one more week of light trading volume before this year and holiday season is officially over.

Trading during low-volume times is regularly misinterpreted. Many traders figure they should not be trading this time of the year but from my experience, the last two weeks of the year are amazing for short-term swing plays or day trading. The market seems to be much more predictable when the large program traders are not involved.

GLD ETF Trading -- Daily Chart
Gold prices broke down as expected in early December and are now nearing a possible bottom. The past three weeks have provided some very exciting day trades shorting spot gold prices. In the next few weeks I will be starting to provide more spot gold charts and intra-day price action for all the international traders and futures traders.

I did not provide the chart of silver as it trades very similar to gold. When the time comes I will provide detailed analysis for entry and exit points for members.


Conclusion:
This year has been fantastic for making money but next year will most likely be much more difficult if we see the market top and head south or trend sideways. The market topping is not an event; rather a process and trend following systems will start having more losing trades than winners as the market momentum shifts from up, to sideways, then down.

Don't get me wrong. I am not saying I think its going to roll over and head south because, quite frankly, no one knows what it's going to do from this point forward. This is the reason we are in cash and patiently awaiting new low-risk opportunities to place our money. The joy of trading with technical analysis is that you don't care which direction the markets go because the analysis, if done correctly, allows you to profit in all market conditions using different trading strategies.

The board market, in my opinion, is way overbought due to the holiday rally. But we must remember there is another low volume week as we approach New Years and this could extend the rally more. Smaller trading positions should be used until we enter the New Year and volume steps back into the market.

Gold and silver are in a short-term down trend and trading near a resistance level. We could see prices drop quickly or rally from here. So we are letting things unfold before making a commitment.

As usual, I will update on the market and provide daily updates and trades to members.

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)