Gold Price And Silver Price Updates

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 buy signal.

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

The big trend is down, stay with it.

Summary

Gold sector is on major sell signal.

Cycle is down.

A recovery is in progress but condition continues to be very choppy.

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 – short-term is on buy 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 buy signal.

Nimble traders can play for a bounce.

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Courtesy of www.simplyprofits.org