This is just a quick message to let you know our current plan. We don't plan to either close or move the stop loss level for the mining stocks. We don't plan to re-enter the short positions in gold and silver either. This may be the case after we see today's closing prices but it's too early to do so now, given the level of volatility today. One thing that we would like to comment on is Kitco.com's downtime. The website got so much traffic that it wasn't able to process it and it was down temporarily. The last time something like that happened after a big rally, was when gold broke above $1,900 - it didn't take gold long to decline after that happened. If anything changes, we'll keep you informed, but we'll most likely be able to say more only after seeing today's closing prices and volume.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief

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