We summarized our latest (Nov 23) message to you in the following way:

"Summing up, the short-term outlook for the precious metals market is bullish. If you have been waiting for a good buying opportunity, you may want to get into the market now. Our upside targets for gold is $1,900 and $40 for silver."

Gold is about $70 higher since we sent out the above-mentioned message and you may wonder if this is still a good time to enter the precious metals market. We believe that is the case and that precious metals (and mining stocks) have more to go. We continue to believe that $1,900 gold and $40 silver are likely (75%) to be seen in the following weeks.

This is based not only on USD Index starting a decline precisely at its cyclical turning point and the significant rally in the main stock indices. The additional confirmation came from our SP Gold Stock Extreme indicator that has been 100% accurate since the 2008 bottom. In fact it flashed another buy signal based on yesterday's closing prices and consequently, we've seen a significant upswing today. You can examine our proprietary indicators by following this link:

http://sunshineprofits.com/charts/sp-indicators-short-term-charts

Summing up, combining significant upside potential with relatively high probability of the continuation of the rally makes us believe that betting on higher gold, silver and mining stocks' prices continues to be justified from the risk/reward ratio.

As always, we'll keep you updated if anything changes.

Thank you.

Sincerely,
Przemyslaw Radomski