Yesterday, we sent out 2 Market Alerts and in the latter we suggested taking profits off the table (gold was a few dollars above $1,350 at that time) and in fact switching from speculative long positions to short ones.

Silver: the declining resistance line (based on daily closing prices - February and August highs) was reached several days ago and now silver is declining along with it. If we consider an analogous line - based on intra-day highs, we see that it creates resistance at $23.25. Silver is also very close to its cyclical turning point. Should you wait before opening a position in the precious metals sector? Read today's Market Alert and find out.

• Read more

• Read more

Gold closed the week above its 50-day moving average, a second consecutive daily close above this level. The volume was not huge, but it was not low either - it was significant enough for us not to view the breakout as a false one.

Mining stocks moved higher, the move, however, took place on relatively low volume, which indicates that the rally is over or close to being over. What does the above combination tell us? It, along with other indications, has made us adjust our take-profit levels for the current speculative long position. We invite you to read the details in today's Market Alert.

• Read more

What was the tapering that did not happen? What price levels do we expect to see for precious metals soon, and how much will the upcoming major move in the Euro Index mean for gold, silver and mining stocks investors (hint: a lot).

Those are the main issues that we deal with in today's Premium Update.

As always, we cover multiple markets and events to provide you with a complete analysis that will prepare you for the upcoming week (and beyond):

• Gold sets clear targets for its upcoming move
• Recent moves in silver reveal new meaning
• Juniors move above the declining resistance line which kept rallies in check for months
• Early signs of changes in the medium-term trend.

• Read more

Gold declined yesterday, but the decline formed on relatively small volume - much smaller than the one that accompanied Tuesday's upswing. This means that the decline is likely a very short-term correction within a short-term rally.

The SLV ETF moved lower by 0.55% yesterday but it closed above the 50-day moving average, which suggests that the overall tendency remains bullish - for the short term that is. Silver moved back below its 50-day moving average, though, which is a bearish indication.

Is it worth considering opening long or short positions or is it best to wait for clearer signals from the precious metals market? This is the key question that we deal with in today's Market Alert.

• Read more