Just a quick note to let you know that what we wrote earlier today is still up-to-date despite the decline that we are seeing right now. Mainly, we remain bullish on precious metals. We will provide you with more details in tomorrow's Premium Update.

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