Here's a part of today's Market Alert:

(...) Gold could actually decline to $1350 or $1,100 and still remain in a secular bull market (in mid-70's this gold retraced almost 50% of its earlier high). Don't panic - this is not a likely outcome. The consolidation is already almost 2-years long (2-years long in case of silver), investors are already very discouraged and the fundamental situation (QEs among other things) is in our opinion more favorable than it was in the 70s. The improvement of situation is even more visible in case of silver (much more uses of the white metal combined with smaller aboveground stockpiles). We do, however, want to make a point that a breakdown below the above-mentioned key, long-term support levels, is something that should not be ignored.

There is a long-term cyclical turning point in gold in May this year. We originally thought that it will mark a major top and thus be preceded by a huge rally. It now seems more likely that it will be where the major bottom is formed - not a top. This does not mean that gold has to decline extremely deep, though. If gold breaks below the $1,500, then $[cut-out] will become our next approximate target. (...)

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Market Alert #3 sent on April 3rd, 2013

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Market Alert #2 sent on April 3rd, 2013

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We sent out / posted a Market Alert earlier today, in which we comment on the current critical situation in the mining stocks, silver and gold. The situation is extreme because another significant daily decline could trigger a much deeper decline in the coming weeks. 

Sounds bearish, but at the same time it is precisely what makes the situation so bullish right now - you buy when everyone is fearful, when the asset is hated, and when the price is low. And it surely is low if you have it right at the long-term support line that was not broken. How should one be positioned in this environment? This is what we discuss in today's Market Alert.

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The problem with today's plunge in precious metals is that silver broke significantly below its late-Feb low and it used to lead gold on many occasions. The final moves of either big declines or big rallies tend to be particularly volatile in silver, and since it just proved that we didn't see the final bottom in late February, we could see some volatility shortly.

Does this provide a major buying opportunity or is this the last change to get out? Or maybe something in between? We deal with the above in today's Market Alert by providing trading suggestions for gold, silver and miners, stop-loss details, and long-term investments.

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