We promised to let you know about our thoughts on the situation in the precious metals market after each trading day until the release of the new website, so here we are.

Yesterday, we wrote that the daily decline that we saw was not necessarily the beginning of a correction, and it seems that we were correct. Gold and silver didn't decline today - in fact silver rallied. The volume was not high, but not that low either. We are more or less where we were two trading days ago, so what we wrote previously remains up-to-date.

Summing up, it seems that the precious metals sector might move only a bit higher before correcting, which is in tune with what we wrote in the latest Premium Update. We continue to believe that being in the precious metals sector with one's long-term investment capital and waiting on the sidelines with one's speculative capital is a good idea. If we get additional bearish signals (and only if we get them), we will probably suggest betting on the temporary downswing, but that is not the case just yet.

Tomorrow's the big day at Sunshine Profits as the new website will be released. At this time we can't provide you with a specific hour for the release, but you will receive a notification e-mail when the website is online. Since we will be using our new e-mail template for this (and future messages), the message may not be automatically recognized as "safe" by your e-mail client, so if you don't receive a notification e-mail tomorrow from us in your inbox, please check also your bulk mail folder (and flag the message from us as "safe" in this case). We encourage you to add us to your address book or safe senders list, if you haven't already done so - this should help us properly deliver messages (like Market Alerts) to your inbox.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA