Market Alert sent on September 12, 2011

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Today's Premium Update begins with a thorough comparison of the current and previous bull market. The goal is to see how the current bull market compares with the previous one. After all, since history rhymes, looking at the analogy should provide us with clues as to what can happen next. In particular, we will be able to estimate if we’re currently on a verge of the final parabolic upswing and if this bull market is likely to end soon.

Euro has invalidated its breakout this week and at the same time USD moved quickly above its declining resistance line which pushed gold prices lower. At the same time mining stocks moved visibly higher and the HUI Index moved above its previous highs. Is gold going starting another powerful rally like miners would suggest, or will it plunge as rallying dollar would imply?

Additionally, today's analysis includes our thoughts on a sell signal coming from the Yahoo! website, FSG ETF, and the Tobin Tax.

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This will be an August to remember – no summer “dulldrums” this year. Gold has risen roughly 12% this month and nearly 30% year to date. Gold prices had a trading range of more than $300 in August. With the start of September, we are entering one of the most favorable periods for gold. Will it rally as it was the case in most Septembers or will it decline based on its long-term overbought signals?

The USD Index moved higher recently after bottoming close to its cyclical turning point. Is this a beginning of a bigger upswing that can put a substantial pressure on the precious metals prices or is another fake attempt? Meanwhile, the situation has become critical in the precious metals market as we have several important price patterns in play. In today's report we comment on the situation and elaborate on the possible outcomes. Naturally, the major moves in the mining stocks would likely have a significant influence on the underlying metals as well.

Additionally, this week's Premium Update includes our up-to-date top junior ranking with one very significant change.

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Market Alert sent on August 29, 2011

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This week's extreme volatility made us send a smaller update on Monday and a Market Alert on Wednesday. Today's Premium Update includes not only much more in-depth analysis of gold's decline (detailed discussion of downside targets), but also a follow-up on our Monday update that was dedicated to silver.

Speaking of silver, today's report features two very long-term silver charts and one of them illustrates our next long-term targets for the white metal. There's a relationship that allowed estimating (with a significant precision) all previous major tops in silver and in today's issue we use the same method to project the following ones.

Additionally, we comment on the particularly interesting price pattern in gold stocks that appears to be in play right now and we provide targets for silver and gold stocks.

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