Gold Price And Silver Price Updates

A tradable bounce is in progress but upside should be limited.

Gold sector cycle up as of 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 buy signal.

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

COT data is now at levels of previous tops.

Summary

Gold sector is on major sell signal.

Cycle is up.

A tradable bounce is in progress but upside should be limited.

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.

Summary

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

Short term is on buy signal and traders can play for a corrective bounce. But prices are now at 200ema resistance and upside should be limited.

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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