Premium Updates

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Premium Update August 24th 2012

Posted August 24th, 2012

If we had to choose one word for the current situation on the precious metals market, it would be "critical". Gold rallied in the past week, and so did silver and the rest of the precious metals sector. Still, mining stocks didn't move higher on Thursday and Tuesday when metals moved higher and the miners-to-gold ratio reached a key resistance line. Will this be enough to keep the metals' rally in check?

In order to make sure that we analyzed the situation from all important perspectives, today's Premium Update includes more charts than usually (over 20). Among other issues, we covered silver viewed from the non-USD perspective and the GDX:SPY ratio.

The supplementary analysis of the currency indices and general stock market help to put the above into perspective, especially that this week it is accompanied by 2 Correlation Matrixes. As always, we provide you with our direct suggestions for speculative and long-term investment capital along with the probability that the next price swing will indeed materialize as predicted.