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 buy signal.

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

The big picture remains the same: currently consolidating in a major down trend.

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 weeks.

Courtesy of www.simplyprofits.org