I hope you had a great weekend. Gold hasn't done much today, silver declined $0.43, platinum rallied $25 and mining stocks are lower by about 1%, but still within the recent short-term horizontal trend. On average, the situation didn't change much since last week. The platinum:gold ratio is now almost 1 - gold is only a few dollars more expensive than platinum.

Today's silver decline is concerning. It moved below the February low and is close to our stop-loss level - $27.80. It didn't move below it, though, so our bullish outlook remains in place.

The general stock market (S&P 500) didn't reach their 2007 high yet, and thus there was no breakout, so - like we mentioned last week - precious metals' and miners' move higher as the anti-assets is likely still ahead.

Half of the speculative long position is suggested at this time (in gold, silver and mining stocks) as the position based on the SP Indicators expired. We will suggest adding to the long positions once we see another buy signal from the SP Indicators.

Naturally, we suggest remaining in the precious metals market with your long-term investments. In particular, don't let the bearish analyses, declining or trading sideways prices make you sell your long-term precious metals investments. It's a good time to be adding to the long-term gold & silver investments, not a bad one.

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 April, 2013 and we will send additional Market Alerts whenever appropriate.

In other news, in addition to the latest Quantitative Easing programs, the G-20 officials have just reached an agreement regarding the launch of the new Quantitative Gold program. Realizing that gold is the ultimate form of money, central banks of the most important economies will now - in addition to printing money - start distributing gold bars and bullion coins to citizens to help the economy. The specific amounts are to be determined based on the amount of friends that each citizen encourages to buy gold. Contact your local bank to receive your share of gold bars and bullion coins!

Thank you.

Sincerely,
Przemyslaw Radomski, CFA

PS. We apologize for sending this alert so late today, but sadly our server played April Fool's on us as well.