This week was very important for precious metals investors and traders, so we decided to post an additional (mid-week) update earlier this week. In today's issue we update and expand points made 3 days ago. Among other things, we analyze the breakdown (or not?) in gold and silver, moves in the USD and Euro Indices (cyclical turning points), gold to bonds ratio, gold priced in currencies other than the US dollar, GDX:SPY ratio and the Gold Miners Bullish Percent Index. We cover both: major tendencies and short-term moves.

Additionally, we discuss if investors' perceptions have changed based on the fact that gold did not protect those who bought it as a hedge against euro problems and we comment on increased GLD inflows, their link to investors' sentiment and impact on future gold prices.

Moreover, we comment on 2 recent signals from our proprietary indicators.

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We posted the previous update earlier last week and the next update was originally scheduled for this Friday. However, we believe that too much happened since we wrote the previous update not to provide you with a supplementary one.

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All eyes today are on gold as it has just broken below the triangle pattern in an unusual fashion. The situation is difficult not only because its complex and many markets need to be taken into account, but also because it changes very quickly. This week's early Premium Update deals directly with this week's price action. We analyze the move down from different perspectives, discuss possible scenarios, provide targets and corresponding probabilities.

In today's issue we cover: gold from the long-term perspective (very detailed chart, with multiple targets and discussion of analogies with previous patterns), gold from the non-USD point of view, gold priced in yen, GLD ETF, silver (two very long-term charts, silver from non-USD perspective, SLV:GLD ratio), mining stocks (XAU, HUI, GDX, Gold Miners Bullish Percent Index and GDX:SPY ratio), Euro and USD Indices, S&P 500, SPY ETF, and more.

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Market Alert sent on December 12, 2011

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Is the bull market over because of Thursday's decline? Today's update includes analysis dedicated to putting this negative event into proper perspective in order to decide if long- and short-term Investors should be concerned with it. In particular we discuss several gold and silver charts (featuring silver long- and short-term cycles and silver:gold ratio), the situation in USD and Euro Indices, general stock market, XAU, HUI Indices and GDX ETF.

Moreover, today's issue includes our thoughts on the Elliott Wave Theory, gold hedging (from junior's and investor's perspective) and we provide an updated gold junior ranking.

Additionally, we comment on World Gold Council's suggestions for including gold in one's portfolio.

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