It turns out that we sent you the mid-week update just in time to get in on rising prices. In this week’s Premium Update we go into it with greater depth. Also this week, the World Gold Council published its report with some revealing numbers and trends. Their conclusion is bullish, but is it indeed bullish for short- and long-term?

How high can gold go during the rally that we're seeing at the moment? This week's Premium Update provides detailed targets for the rally for gold and mining stocks. The situation in USD and Euro indices is particularly interesting and sheds some light as far as gold's next move is concerned. In fact, bigger moves in the aforementioned currencies also appear likely.

Additionally, this week we have seen several signals from the SP Indicators (including a signal from the SP Gold Stock Extreme Indicator), which provide us with additional insight.

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The full version of today's analysis will be posted later today.

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Desperate times call for desperate measures, and since the situation is developing quite fast on some of charts that we track, we have decided to provide you with a mid-week update. We suggest reading it right away, as it includes suggestions for both: speculative and investment capital.

Additionally, we have discussed recently observed silver backwardation phenomenon.

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There were too many risks for 2011 to list them all at once last week, so we saved some for this week's Premium Update. There is slowdown in China, social unrest around the world due to rising food prices, hyperinflation and a few other things that can keep even the soundest sleeper awake at night. We can only take a small measure of comfort in the fact that the 2011 outlook for precious metals is very bullish.

Meanwhile, stocks have just reached a high that in 2008 marked the last stop before the epic plunge. What impact is it likely to have on the stock market and on the precious metals? Will the recent reversal in the USD Index be a bullish or bearish factor as we move forward? What about the Hindenburg Omen that we have just seen? This week's update includes replies to the above question and more.

We have examined the situation in gold, silver and mining stocks, and all of them moved below very important support levels or have just reached them. Will they still provide support, or is this a beginning of another serious decline? In addition to our regular analysis, we also explain how and why resistance levels work. Being aware of the psychological phenomenon behind it makes one less likely to follow it, which should ultimately translate into higher profits.

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Message sent on January 18th, 2011

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