Gold Price And Silver Price Updates
Gold sector cycle is down.
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 big picture remains the same.
Summary
Gold sector is on major sell signal.
Cycle is down.
Looking for lower prices overall.
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 but prices are consolidating, which suggests a break to new low in coming days.
Courtesy of www.simplyprofits.org