Gold Price And Silver 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.

Speculators liquidated heavily from levels of previous tops.

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.

Courtesy of www.simplyprofits.org