Premium Updates

Market Alert sent on January 6th 2010

The precious metals market is currently in the "close to the bottom" mode. The key question is how close is "close enough for you" to enter the market. The answer depends on your individual preferences. This week I elaborate on the most profitable actions that the long-term Precious Metals Investors, and Speculators can take given the current market juncture.

This is one of the biggest Premium Updates that I've created so far - 14 charts and over 5000 words dedicated to the precious metals market and everything around it with the focus on the long-term success of your portfolio. I analyze gold, silver, and PM stocks from both long- and short-term perspective. In fact, the analysis of the long-term gold chart had to be split into two separate charts because of the amount of the information that they contain. Other things covered in this Premium Update include: the change in the correlations between PMs and one of their key drivers, PM stocks' relative performance to other stocks, the financial sector, one of our unique indicators, and much more.

Additionally, I summarize the performance of the Premium Service in 2009, which I'm sure you will agree has achieved a high degree of accuracy.

Gold is becoming more and more popular topic in the investment world, but that doesn't mean that everyone is buying it yet. This week I comment on some of the popular views among the bank experts from a respectable financial institution. As far as the technical situation is concerned, I thoroughly dig through the current situation in gold, silver, precious metals stocks, and their key drivers. Moreover, I comment on the changes in the strength of influence from each of these key driving markets.

Other things included in this week's Premium Update include the Gold Miners Bullish Percent Index, two of our unique indicators (one of them flashed a signal recently), and examine the precious metals correlations matrix. Additionally, I comment on the idea of shorting the precious metals sector at the moment.

This week's update is mostly about gold - it includes 9 gold charts. Although gold is quite popular topic in the media these days, vast majority of investors is still out of the market. They talk about it - become increasingly more interested in the PM sector - but they are not convinced enough to buy silver and gold. This is why there is still much room to go for this bull market, and for you to multiply profits that you have achieved so far. From the short-term perspective, however, it seems that the correction is not over yet, and that its second part has just begun, and in this week's Premium Update we speculate on where the bottom is likely to be put.

Additional things covered this week include: USD Index, main stock indices, and the financial sector. Apart from covering the current situation on the precious metals market, I analyze the performance of gold in various currencies: Euro, Yen, British Pound, Canadian Dollar, and Australian Dollar.

The correction has been taking place and there are several important things that I have covered this week. The USD Index has broken out of the multi-month declining trend channel and the general stock market might have just reached a top - these are very important developments on the key driving markets for the precious metals. Besides commenting on the abovementioned developments, I deal with the "how low can we go" question.

In this week's Premium Update, I cover the long-, and short-term charts for gold, silver, PM stocks, USD Index, and main stock indices. Moreover, I analyze the price of Apple, Inc. (yes, in a way it is related to the precious metals market). Additionally, I feature and comment on the very recent signals from two of our indicators and explain how one can read them.