Gold Price And Silver Updates

Gold sector cycle reversed down this week.

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 dropped sharply but not yet at level of previous bottom.

Summary

Gold sector is on a major buy signal.

Cycle is down.

Our modest positions were stopped out with small losses.

We shall now wait for 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 sell signal.

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

Speculation dropped but not yet at level of previous bottom.

Summary

Silver is on a long-term buy signal.

Short-term is on sell signal.

Silver is more volatile than gold, manage your risk.

Courtesy of www.simplyprofits.org

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