Gold Price And Silver 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.

GLD bounced off the recent bottom but capped by resistance so far. Until resistance is broken and a new uptrend established, caution is advised.

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.

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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