Gold Price And Silver Price Updates

Gold sector cycle reversed up 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 sell signal.

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

Speculation continues to pullback.

Summary

Gold sector is on a new major buy signal.

The sharp spike on Friday caused the cycle to turn back up, we need to see follow thru buying to indicate that the pullback is complete.

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 continues to pullback.

Summary

Silver is on a long-term buy signal.

Short-term is on sell signal, a multi week correction is in progress.

Caution is advised.

Courtesy of www.simplyprofits.org