Just a very quick note before the market closes today. Gold is showing strength today at right now it seems that it might (70% probability) reach $1,800 before a bigger decline is seen. Silver could move to $35.5 or so and the HUI Index could move to 560.

The answer to the question if you should bet on higher precious metals prices in the following days depends on your general approach to investing/trading. Day-traders might want to consider going long, however we believe that it will be better for most investors/traders to wait with their speculative capital for a better risk/reward ratio (and bigger rally ahead) than what we have today - it seems that this will be seen once precious metals finally correct.

Please note that we suggested remaining in the market with one's long-term investment capital and if you are not yet in the market with this part of the capital, we suggest getting in now.

The next Premium Update will be posted tomorrow (one day ahead of our regular schedule) and it will include much more details and reasoning behind the above quick summary.

Thank you.

Sincerely,
Przemyslaw Radomski