Gold Price And Silver Price Updates

Gold sector cycle is down as of 10/30, ending the up cycle since 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 sell signal.

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

According to COT data, speculation is now near levels of previous bottoms.

Summary

Gold sector is on major sell signal.

Cycle is down.

COT data suggests a relief rally to begin anytime.

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 oversold and a bounce is due.

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Courtesy of www.simplyprofits.org