• Provoked by the Fed’s statement about lack of tapering, US Dollar plunges, and precious metals rally along with stocks on Wednesday. How significant are these moves?
• S&P 500 brakes previous highs... Is the rally sustainable? Will higher stock prices make gold plummet as investors sell the safe-haven asset?
• Current correlation between gold, US Dollar, and the general stock market. Can we expect gold to move above the August high (and when?)
• SLV ETF reaches the 20-day moving average which used to stop rallies multiple times in the past... What will it do this time?
• The Wednesday’s rally looked very encouraging for miners. Is it enough given Thursday's decline?

Also, in this week's Premium Update we talk about China-Africa link. China imports about 500 to 600 tons of gold a year, and mines about the same amount on Chinese soil. How much of that gold goes to the Central Bank and how much is coming in from Africa under the radar?

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Market Alert sent on September 19th, 2013

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Market Alert sent on September 18th, 2013.

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Market Alert sent on September 17th, 2013

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Last week we saw a steady decline in precious metals' prices and Sunshine Profits' subscribers' short positions have become even more profitable. 

What's next? Here are a few of the bearish factors that gold traders should keep in mind:

• HUI to gold ratio (gold stocks vs. gold) is already very close to its previous 2012 lows after having successfully verified the breakdown below its 2008 low
• Precious metals remain negatively correlated with the general stock market and the latter bounced off its rising medium-term support line and continues to climb (as we have been expecting it to)
• As Nadia Simmons emphasized in her latest Oil Updates, there seems to be a disconnection between gold and oil prices and bullish situation in the latter does no longer have to translate in to higher gold prices. This means that even if oil moves up, gold might pause or even decline at the same time. On a side note, it also means that if there's nothing going on on the gold market, there may be trading opportunities in the oil sector.

Are there any bullish factors beside the fundamental outlook (which drives markets only in the long run)? Yes, the cyclical turning point in silver combined with the True Seasonal factors. The True Seasonal tendencies are present even if the main trend is different this year (compared to the previous 10 years). The tendency for gold is to move higher in the very first days of September (gold didn't plunge immediately after the month started), then it "should" move lower at about 10th day of September (most of gold's current decline started on Sep 10th). As True Seasonal subscribers already know, the tendency is to see an upswing more or less at this time of the month (this week).

What's likely to happen in the short run? What's likely to happen in the medium term? How to trade it? How to profit on it with the optimal risk/reward ratio?

Sign up and read today's Market Alert to find out.

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