Based on today's pre-market and early-market action it seems that gold, silver and mining stocks might have already begun their big move down that we were expecting to start in late June. It's one day ahead of the turning point predicted for the Euro Index, so it seems it's close enough to be viewed as the starting point.

At the same time this could be the beginning of another move up in the USD Index and another move down in the main stock indices.

Consequently, we believe that opening a small short position in gold and silver (bet on lower prices) with one's speculative capital is a good idea. Taking into account many factors that we've mentioned in the latest Premium Update and in the previous messages that we've sent out earlier this week, this bet on lower precious metals' prices appears to be justified from the risk/reward ratio point of view.

As a reminder - we will not be posting a Premium Update this Friday, but we will keep you up-to-date through shorter messages (like this one and the ones we've sent so far this week), if we change our mind regarding the precious metals market. We apologize for any inconvenience.

Thank you for using the Premium Service.

Sincerely,
Przemyslaw Radomski