Just a quick note about today's price action. Implications of today's price swings in gold, silver and mining stocks are very unclear at this time. Gold and silver declined, while miners showed strength but then reversed their direction. For now, the "when in doubt, stay out" principle seems to be the best approach. We will have more to say after markets close and you will hear from us before markets open tomorrow.
Meanwhile, we invite you to read the previous email that we sent you today.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
