Gold Price And Silver Price Updates

Gold sector cycle is up, but appears to be topping.

Gold Sector

$HUI is on a new long term buy signal, ending the sell signal from early 2012.

Long term signals can last for months and years and are more suitable for the long term investors.

$HUI is on a short term buy signal.

Short term signals can last for days and weeks and are more suitable for traders.

Speculation has reached levels of previous tops again.

COT data remains in bear market values, but can change if speculation continues to increase.

Summary

Gold sector is on a new major buy signal.

Cycle is up but at levels of previous tops.

COT data remains in bear market values and is now at levels of previous tops.

Up side should be limited and a correction is due in coming weeks.

Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms, as we did beginning in 2001.

Silver Sector

Silver is on a long term sell signal since Dec 2011.

Long term signals can last for months and years and are more suitable for long term investors.

SLV – short term is on buy signal.

Short term signals can last for days and weeks and are more suitable for traders.

Speculation has reached levels of previous tops again.

Summary

Silver is on a long term sell signal and investors should be in cash or short.

Short term is on buy signal but COT data suggests lower prices in coming weeks.

Courtesy of www.simplyprofits.org