We posted an extra update in response to this week's move lower in the mining stocks - there is much to comment on, so we decided to provide the analysis in this way instead of sending out a text Market Alert.

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Gold stocks have consolidated after moving lower and the RSI level is no longer oversold. Are gold stocks preparing for another painful decline or is there something that invalidates this bearish indication? Another interesting phenomenon that we comment on in today's Premium Update is dollar's intra-week rallies. Are they a threat to gold's rally in short- or medium term? Meanwhile, the situation in the general stock market has become intriguing because of the short-term breakdown. Could it be the case that stocks take metals lower in the following days? 

 Today's Premium Update includes detailed analysis of the gold market (2 huge charts and 3 smaller ones) - we discuss whether gold has broken out or not and if the current move is likely to continue (actually, there is an immediate-term signal that provides us with additional insight). The silver market is also analyzed thoroughly with the emphasis on the possibility of another move to the lower border of the declining trend channel (close to $22). Other things discussed today include platinum (should you buy it?), crude oil, juniors-to-stocks ratio and much more.

 Moreover, we discuss multiple questions that we received this week regarding the technical situation in the precious metals market - the most interesting part in our view is comparison of the silver price to its 50- and 200-day moving averages.

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Market Alert sent on April 16, 2012

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In today's Premium Update we take a close look the relationship between gold and stock market and we comment on gold's performance relative to the USD Index. Gold rallied this week, but is this rally any different than what we've seen a few times in March and earlier this month - will gold decline also this time? Fortunately, we've seen a few signals that allow us to answer this question. Surprisingly, one of them is related to aluminum. 

We received several interesting questions this week, and in today's issue we reply to questions about:

• Volume in gold
• Gold's 70s bull market and its comparison to the current one
• Two kinds of inflation
• Marc Faber's bearish comments on gold
• Additional QE and the way it is... already affecting gold price

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The situation in the precious metals market is critical, so we've taken extraordinary steps to analyze it even deeper than usually. We introduced 2 additional big, detailed charts featuring GLD and HUI and we believe that especially the latter provides very important insight. 

 Of course, we covered much more things than "just" gold and gold stocks. Among other things, we comment on the current situation in the USD Index (which once again bottomed at the cyclical turning point), stock market, the financial sector, precious metals correlations, gold:bonds ratio, gold from a non-USD perspective, gold from yen perspective (the same chart that helped us detect top at the end of February), silver formations, XAU Index, GDX:SPY ratio, gold miners bullish percent index, and more.

 In today's issue we discuss selling in May and going away, the possibility that the consolidation will continue, investors' sentiment, and probabilities that silver will move to new highs this year and in the following years. Additionally, we feature one tool that doesn't provide us with signals too often, but it has now - prices of junior mining stocks relative to other stocks.

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