Gold Price And Silver Price Updates

Gold sector cycle reached 100% and turned down.

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 continues to unwind.

Summary

Gold sector is on a new major buy signal.

Cycle is now down.

Investors can cost average in at the next cycle bottom.

Silver Sector

Silver is now on a on a long-term buy signal ending the 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 remains at an all time high.

Summary

Silver is on a long-term buy signal.

Short-term is on buy signal.

However, silver is vulnerable to a multi-week correction which is long overdue.

Courtesy of www.simplyprofits.org