Just a quick note to let you know that you yesterday's comments regarding gold, silver and mining stocks (and the trading suggestions) are up-to-date.
The precious metals market and the stock market moved temporarily lower at the beginning of today's session, but it's something natural after a sharp upswing and we have seen such upswing in gold, silver, and stocks (including mining stocks) in the past few days.
Just as we indicated yesterday, at this time half of the long position is suggested for gold and silver and full long position is suggested for mining stocks.
We will probably see a buy signal in our indicators shortly, which will make us suggest doubling the long position in gold and silver, but that's not yet the case.
Naturally, we suggest remaining in the precious metals market with your long-term investments.
As always, we'll keep you updated should our views on the market change. We will continue to send out Market Alerts on a daily basis (except when Premium Updates are posted) at least until the end of January, 2013 and we will send additional Market Alerts whenever appropriate. The next Premium Update will be posted tomorrow.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA