Premium Updates

Gold, silver and mining stocks were rising rapidly since August, until yesterday, when correction surprised many Investors. Really? We are closely monitoring current situation and it seems that now we are close to the temporary turning point, so this week we are commenting on how we can take advantage of the possible consolidation, where it can take us - we have likely targets - and what will most likely happen after it is complete.

We further comment on currency war, its major players and finally on its implications for gold, silver and mining stocks. Euro, USD Indices and the general stock market are generating signals, which we are able to translate into precious metals language using our Correlation Matrix and other reliable tools.

The 20 charts featured in this week's Premium Update include: 5 Gold charts (also from the non-USD perspective with additional chart for gold in Japanese yen), 3 Silver charts, HUI Index, GDX ETF, our Correlation Matrix, USD and Euro Indices, and SPY ETF as a proxy for the general stock market, S&P 500, and the GDX:SPY ratio. We also let you know what signal to look for in order to determine the following turning points.

The full version of today's analysis will be posted later today.

Market Alert sent on October 7th 2010

Among other issues this week we comment on major players like Calyon Credit Agricole and Deutsche Bank, as they both raised bar for their outlook on gold. We also speak about inflation, which PIMCO sees as very likely in next 10 years and about something that looks like international currency war with dollar, renminbi and yen as major forces.

In somewhat shorter perspective we see gold, silver and mining stocks moving higher, however, many points from this week's analysis suggest consolidation. Is it going to happen or will precious metals ignite another powerful upleg without a minute pause? With Correlation Matrix we can trace latest swing in important correlation between gold and USD Index, which in turn provides details regarding the reply to the above question. The analysis of gold priced in Japanese yen (being to some extent different from other non-USD currencies), further validates our assumptions.

Additionally, this week's Premium Update includes our analysis of two of our unique indicators (one of them flashed a signal yesterday) including the SP Long-Term Junior Indicator dedicated exclusively to the junior sector. Speaking of juniors, this week's Premium Update includes our up-to-date rankings of top gold and silver juniors.

The full version of today's analysis will be posted later today.