Gold Price & Silver Price Updates

Gold sector cycle is up as of 8/14

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 buy signal.

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

Speculation is now rising from levels of previous bottoms.

Summary

Gold sector is on major sell signal.

Cycle is up.

Traders can consider trading positions if risks are manageable.

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 buy signal.

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

Speculation is now rising from levels of previous bottoms.

Gold Price & Silver Price Summary

Silver is on a long term sell signal.

Cycle is now up.

Traders can consider some trading positions if risks are manageable.

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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