Gold Price And Silver Updates

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 buy 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 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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