Gold Price And Silver Price Updates
Gold sector cycle is down as of 10/30, ending the up cycle since 9/11.
Gold Sector
$HUI is on a long-term sell signal since March 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 sell signal.
Short-term signals can last for days and weeks and are more suitable for traders.
The long-term trends are locked firmly in place, I respect that.
Summary
Gold sector is on major sell signal.
Cycle is down.
COT data suggests lower prices ahead.
Traders should sell short the bounces.
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 – is on short term sell signal.
Short term signals can last for days and weeks and are more suitable for traders.
Summary
Silver is on a long-term sell signal and investors should be in cash or short.
Short-term is on sell signal and traders should sell short any bounces.
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Courtesy of www.simplyprofits.org