Below you will find a quick summary of the report that we're preparing at this moment and that we will publish later today.

The USD Index is currently rallying and the outlook is bullish for the dollar. The outlook for the euro is slightly bearish at this time. The general stock market situation continues to be tense though with a slightly bullish bias.

The influence of stocks upon the precious metals sector is positive for the short term and therefore it seems a bit premature to exit speculative positions and take our profits off the table at this time. We are awaiting additional confirmation of a top being reached.

If, however, the breakout for stocks is verified (stocks close the week above the previous highs) or even if the rally pauses above the previous highs, a move back to silver with your long-term capital may be the right move once again. At this time, however, it seems best to be insured against a quick decline in stocks and hold current positions.

Earlier this week, we sent out a message, in which we stated that “we believe that at this point no adjustments are necessary in both: speculative and long-term capital. As always, we will keep you updated, should anything change.” So far, the situation did not change; it seems that your gains on the current speculative position could still become bigger.

Thank you.

Sincerely,
Przemyslaw Radomski