Gold Price And Silver Price Updates
Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms…as we did beginning in 2001.
Gold sector cycle is up.
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.
COT data remains in bear market values and is now at levels of previous tops.
Summary
Gold sector is on major sell signal.
Cycle is up.
Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms, as we did beginning in 2001.
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 sell signal.
Short term signals can last for days and weeks and are more suitable for traders.
Speculation has reached levels of previous tops again.
Summary
Silver is on a long-term sell signal and investors should be in cash or short.
Short-term is on sell signal and COT data suggests lower prices in coming weeks.
Courtesy of www.simplyprofits.org