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 points made in Thursday's Market Alert remain up-to-date and have been validated by multiple charts and analysis we will provide you with in today's Premium Update. The USD Index has begun to rally once again and could move much higher in the days and weeks to come especially if the bearish head and shoulder's pattern fully develops in the Euro Index chart.

The sentiment in the general stock market at this time is bearish for the medium-term (the decline doesn't have to happen in the following days) and this could carry over to the precious metals beginning in a week or two. A rally will likely be seen in gold, silver and mining stocks prior to this negative impact expected from the general stock market.

Caution is advised for the medium-term especially for silver investors. This also applies for those holding juniors but the suggestion at this time is to hold at least for the short-term as juniors often outperform seniors in the final part of the move up.

For now, speculative long positions in gold, silver and mining stocks appear justified. At the same time, no changes are required in the long-term capital at this point, as silver might still suffer from a bigger drop in the main stock indices.

Thank you.

Sincerely,
Przemyslaw Radomski