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 situation for gold has changed significantly this week. We have moved from a slightly bearish sentiment to a bullish outlook for the near and medium term. The implications for investors this week were to cancel shorts and possibly open small long speculative positions.

Silver appears likely to take out previous highs and further increases are likely based on current signals. At this time, it seems best for investors to stay with current holdings and - again - perhaps open small speculative long positions.

An important development this week is the rebirth of optimism for the general stock market. Also, looking at the price moves and volume levels of the precious metals themselves yields apparent buy signals and these are confirmed in our ratio analysis. Since there are not yet sufficient confirming signs that the rally will indeed be seen, these positions should remain small for the time being. Further confirmations will likely reduce the risk factor, improve the risk-reward ratio and prompt Sunshine Profits to be more aggressive in suggestions concerning adding to the current speculative long position.

Thank you.

Sincerely, Przemyslaw Radomski