Gold Price And Silver Price Updates

Gold sector cycle is up as of 1/08.

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 up.

A recovery is in progress but upside should be limited.

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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