Gold Price And Silver Price Updates

Gold sector cycle is down.

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 now on a short-term sell signal.

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

Speculation pulled back again this week but remains at an all time high.

Summary

Gold sector is on a new major buy signal.

The cycle indicator is down, suggesting a multi week correction is starting.

Speculation remains 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 sell signal.

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

Speculation on silver remains at a new all time high.

Summary

Silver is on a long-term buy signal.

Short-term is now on sell signal, caution is advised.

Courtesy of www.simplyprofits.org