first majestic silver

Gold Price And Silver Price Updates

Technical Analyst & Editor
November 15, 2015

Gold sector cycle is down as of 10/30, ending the up cycle since 9/11.

Gold Sector

$HUI is on a long-term sell signal since March 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.

The long-term trends are locked firmly in place, I respect that.

Summary

Gold sector is on major sell signal.

Cycle is down.

COT data suggests lower prices ahead.

Traders should sell short the bounces.

Silver Sector

Silver is on a long term sell signal since Dec 2011.

Long-term signals can last for months and years and are more suitable for long-term investors.

SLV – is on short term sell signal.

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

Summary

Silver is on a long-term sell signal and investors should be in cash or short.

Short-term is on sell signal and traders should sell short any bounces.

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Courtesy of www.simplyprofits.org

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.


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