Gold Price And Silver Price Updates

Gold sector cycle is 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 remains near all time high.

Summary

Gold sector is on a new major buy signal.

Cycle is now down.

Investors stay patient and wait for a correction, then 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 sell signal.

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

Speculation remains near all time high.

Summary

Silver is on a long-term buy signal.

Short-term is on sell signal.

Silver is vulnerable to a multi week correction which is long overdue.

We had a set up to short silver this week with tight stop.

Courtesy of www.simplyprofits.org