As strange as it may sound, sometimes the tail is wagging the dog and that's why all eyes will be on Greece in the following days as the outcome of the elections will likely impact the key currencies, which will in turn translate into moves in other markets. However, since some of the information and expectations is definitely already in the price, we can infer what is likely to happen and how to position yourself in this uncertain environment by analyzing the charts. In today's Premium Update we focus on the currency markets (USD and Euro Indices), general stock market (invalidation of a breakdown in S&P or a verification of a breakdown in DIA?), crude oil and the impact of the above-mentioned markets on precious metals. Short-term relationship between gold and mining stocks provides us with interesting details and so does an important factor that is just around the corner in case of silver. Most importantly, in today's update we explain what's the preferred action for long-term investors and short-term traders. This is accompanied by price targets and probability estimate for the following move.

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Stocks rallied on Wednesday and so did silver. Silver has actually broken above the short-term declining resistance line, but it didn't move above the medium-term one. What's next? The general stock market is likely providing us with necessary details. Mining stocks moved higher in the past few weeks but is this anything more than a counter-trend pullback? The seasonal tendencies are unfavorable, but the long-term fundamentals are - how will this situation play out? Today's Premium Update includes our analysis of this sector along with the price targets for GDX ETF and HUI Index. Naturally, we provide an extensive coverage of the gold market itself (both: long- and short-term charts, gold seen from non-USD perspective, gold priced in Japanese yen, gold:bonds ratio and Dow:gold ratio). All of the above is accompanied by our comments on the critical situation in the currency markets - USD Index moved above the key resistance line and Euro is right at it. Additionally, we comment on the long-term interest rates, financial sector, crude oil, silver:gold ratio, and TSX Venture Index. This week's report also includes our rankings of top gold and silver juniors.

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Market Alert sent on June 4th, 2012

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Market Alert sent on June 1st, 2012

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Gold traders have been tracking USD Index with great precision in the past few days (as reflected by the strong link between these two markets) and so were we. Today's Premium Update includes the analysis of the USD and Euro Indices - we believe these are two of the most important things that one need to focus on today, virtually regardless of the investment that one is considering. Another interesting phenomenon that we saw this week was gold stock's outperformance of gold. This is something that used to signal good things to come for the precious metals, but it was also seen right before the September 2011 and February 2012 declines. What can this - and a breakdown in crude oil - mean for precious metals investors at this time? This is one of the questions that we reply in today's analysis. Additionally, we comment on the current situation in the general stock market (including the transportation average), dow:gold ratio, silver:gold ratio, TSX Venture Index, breakout in the GDX ETF, platinum, "monetary easing in unison", "Greexit", position sizing and diversification between strategies and we provide targets for gold and silver.

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