Rising interest rates and inflation can have profound effects on the price of gold. Chinese officials are officially scared about inflation. The Chinese people are buying up gold as a hedge. We look at recent congressional testimony about gold that is very interesting.

Silver and gold are very close to their previous highs, and the situation is quite tense not only for the precious metals Traders, but also for long-term Investors, as the next big move is likely to be big. Meanwhile, USD and EUR Indices are at the crossroads and financials lag other stocks. What's the best way to approach the market at this point? What should Traders do, and what's the best move for long-term Investors?

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The full version of today's analysis will be posted later today.

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All in all, uncertainty hangs like a dark cloud over the future of the global economy with tsunamis, radioactive plumes, Middle East revolutions/ tribal wars and to top it all-- a new round of the European debt crisis. All these events are bullish indications for precious metals.

The previous week has been full of important signals (that made us suggest making purchases on March 17th) and this week is not really different - today's report also includes an important timing-related signal.

Gold is right at its previous highs and silver moved to its strong long-term resistance line. A move from here could be profound, so without further introduction we encourage you to read our latest Premium Update, and check what's the best way to position yourself given today's volatile environment.

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Message sent on March 23rd, 2011

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This week we analyze the economic fallout of the tragedy unfolding in Japan. Most probably you have already felt the ripple effects of Japan’s disaster in your portfolio. Will Treasuries stumble as Japan repatriates money to rebuild its economy? How will it affect precious metals prices - especially that gold priced in yen broke below its rising trend channel? Will the disaster be a catalyst for a stronger Japan?

Meanwhile gold, silver and mining stocks are moving higher after a sharp plunge. What does this - and other factors - tell us about the immediate-term, short-term and long-term gold movements? What's profitable to bet on, and what's not? This week's update includes discussion over the major technical development such as the HUI Index moving to its 2008 and 2009 lows and recent bullish intraday action in stocks.

Moreover, we have just seen a signal from one of our indicators that proved to be 100% correct for more than 2 years - naturally, today's update includes our comments on this development.

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