Gold Price And Silver Price Updates
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Speculation remains near all-time high.
Gold sector cycle is down.
Gold Sector
$HUI is on a long-term buy signal.
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 remains near all-time high.
Summary
Gold sector is on a major buy signal.
Cycle is down.
Investors stay patient and wait for the correction to complete, then cost average in at the next cycle bottom.
Silver Sector
Silver is on a on a long-term buy signal.
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 remains near all time high.
Summary
Silver is on a long-term buy signal.
Short-term is on buy signal.
Silver is in a correction and can last for a few more weeks.
Caution is advised.
Courtesy of www.simplyprofits.org
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Jack Chan is the editor of Simply Profits, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.
