Just a short message to let you know that everything that we wrote in yesterday's Market Alert remains up-to-date.

Silver remains very volatile and it seems that not shorting it (while shorting gold and mining stocks) was a good decision.

As promised earlier, tomorrow's Premium Update will feature scenarios that may take place in the coming days and weeks along with our preferred way of taking action in each case.

To summarize:

Long-term capital: Half position in gold, silver, platinum and mining stocks.

Trading capital: Short position: gold (half), and mining stocks (full) with the following stop-loss orders:

• Gold: $1,439
• HUI: 289
• GDX ETF: $32.6

Naturally, the "full" position doesn't mean using your entire speculative capital for a transaction. It means using the "full" size of the suggested one - you will find more information along with some hints on how big it should be (it's not investment advice, though) in our gold portfolio report (check out the images at the bottom of the report).

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 and except the period between Sep 5 and Sep 13) at least until the end of September, 2013 and we will send additional Market Alerts whenever appropriate.

As a reminder, Market Alerts are posted before or on each trading day (we usually post them before the opening bell, but we don't promise doing that each day). If there's anything urgent, we will send you an additional small alert before posting the main one.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA