Gold Price And Silver Price Updates

Gold sector cycle is down but can be bottoming soon.

Gold Sector

$HUI is on a long term buy signal.

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 is rising from level of previous bottom.

Summary

Gold sector is on a major buy signal.

Cycle is down.

COT data is supportive of overall higher prices, but short-term volatility remains with the election this week.

Silver Sector

Silver is on a on a long-term buy signal.

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 is now at level of previous bottom.

Summary

Silver is on a long-term buy signal.

Short-term is on buy signal.

Silver is more volatile than gold, manage your risk.

Courtesy of www.simplyprofits.org