If you thought this week was full of major events, wait until you read this - on Wednesday mining stocks declined heavily (over 3%) while gold moved higher. Silver reversed its direction on an intra-day basis. Is it really safe to go heavily long at this time? You'll find details in today's Gold & Silver Trading Alert.

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Yesterday’s session was quite significant and we saw multiple interesting developments in the precious metals market. The most significant ones happened in gold, junior mining stocks, and the USD Index. One of the signals that flashed yesterday had virtually identical implications in all 5 cases since 2012 and they were not minor. Is it the final time to get in or a great time to get out? You'll find our views on the current situation in the precious metals market in today's alert.

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Mining stocks (GDX ETF) have broken above their previous January high and also moved above the 38.2% Fibonacci retracement level. The rally took place on huge volume. Everything looks set for a rally, right? Not exactly, there are some signs that point in a different direction: there has been no breakout in silver stocks and their huge volume means something quite different from what one would normally expect. Silver's and dollar's cyclical turning points play are role as well, and so does the junior mining stocks sector. We saw a breakout and a "golden cross" in the later, and in today's alert we compare these signals with what the SP Junior Long Term Indicator currently implies. There are multiple things that are going on in the precious metals sector right now and we cover them in today's alert. As always, the alert is clearly summarized and finished with our thoughts regarding the implications for the speculative and investment capital.

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Gold rallied on Friday and so did the rest of the precious metals sector. It seems to be a bullish fact at the first sight (and to some extent is), but taking a closer look reveals that actually all that we saw was a move close to the previous local high without a critical breakout. There was no invalidation of a breakout in case of the mining stocks, though. Which way will the precious metals market move next? You'll find our thoughts on this topic in today's alert.

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