Gold Price And Silver Price Updates

Gold sector cycle turned down this week.

Gold Sector

$HUI is on a new long-term buy signal, ending the sell signal from early 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 according to COT data made a new all-time high this week, higher than the bull market top in 2011.

Summary

Gold sector is on a new major buy signal.

The cycle indicator has just turned down this week, suggesting a multi week correction is starting.

Speculation is at a new all time high, suggesting that gold could be at another major top. COT data at the next cycle bottom will help guide us forward.

Silver Sector

Silver is now on a on a long-term buy signal ending the sell signal since Dec 2011.

Long-term signals can last for months and years and are more suitable for long-term investors.

SLV – short-term is on buy signal.

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

Speculation on silver is also at a new all-time high.

Summary

Silver is on a long term buy signal.

Short term is on buy signal, but caution is advised to those who are chasing this market as a multi week correction can start anytime.    Courtesy of www.simplyprofits.org