Gold Price & Silver Price Update

Speculation is now at levels of previous bottoms.

Gold sector cycle is down as of 5/16

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.

Speculation is now at levels of previous bottoms.

Summary

Gold sector is on major sell signal.

Cycle is down.

Traders should be in cash or short.

COT data is now favorable for a tradable bottom soon.

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.

Speculation has reached levels of previous bottoms.

Summary

Silver is on a long term sell signal and investors should be in cash or short.

COT data reveals that a tradable bottom is coming soon.

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Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.  www.simplyprofits.org