We saw significant intra-day volatility in the case of gold, but overall it didn't change much - the GLD ETF closed just $0.21 higher and spot gold was basically unchanged. Gold moved close to the rising long-term resistance line (currently at $1,250), but closed below it.

We saw, however, a meaningful change in the palladium market, which is in tune with 2 similar cases that we had seen in the previous months - they were followed by a similar type of action, so we might see it once again.

• Read more

• Read more

6 triggers for going in the precious metals market with your long-term investment capital

This week’s Premium Update is one of the biggest we’ve ever created. It’s double the normal size because of the numerous important events that are taking place right now.

It’s always a tough call to say when a bottom is definitely in. Especially a major one. That’s because bottoms tend to form quickly on the precious metals market. Consequently, looking at the price alone might not be enough, especially when it comes to the gold market.

In today’s Premium Update, we reveal 6 triggers, each being sufficient for you to go in the precious metals market with your long-term investment capital. Knowing them means being prepared in advance, which can easily translate into thousands of dollars.

In addition to the above, we discuss the following:

• Mining stocks’ recent strength (what - if anything - does it mean?)
• Silver's rally and its turning point
• Significant move higher in the Dow-to-gold ratio
• The results of the 2014 CFA Institute Global Market Sentiment Survey (what do professionals think about precious metals and what could it mean?)
• Gold demand statistics
• Price targets, trading suggestions and more.

Get access to Premium Updates, and learn the 6 triggers for going in the precious metals market with your long-term investment capital.

• Read more

There was a huge daily rally in platinum, which can be attributed at least to a considerable extent to the significant rally in the stock market. Does this pattern tell us something that we wouldn't be able to see otherwise? Gold, silver and mining stocks moved higher - has anything changed?

• Read more

We were expecting to see a small corrective upswing in gold that wasn't likely to invalidate the breakdown below the long-term rising resistance line - and that's what we saw in the past several days. Mining stocks moved most visibly higher, but they didn't invalidate their key breakdowns, so the move didn't change much, if anything. There was no invalidation in case of silver either. The white metal remains below the rising, long-term support/resistance lines.

The mining stocks, however, moved higher on relatively strong volume and it was much higher in case of the GDXJ ETF than in case of the SPY ETF. Is this a sign of strength and an early indication of a turnaround? You'll find more in today's Market Alert.

• Read more