Gold Price And Silver Price Updates

Gold sector cycle down as of 8/28.

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.

The divergence last week resulted in a sharp pullback this week.

Summary

Gold sector is on major sell signal.

Cycle is down.

Caution is advised.

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 as the buy signal failed promptly, not unusual during a bear market.

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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