Gold Price And Silver Price Updates

Gold sector cycle is up.

Gold Sector

$HUI is on a new long-term buy signal, ending the sell signal from early 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.

Speculation remains at levels of previous tops.

Much will depend on the dollar, currently in a multi month consolidation.

Summary

Gold sector is on a new major buy signal and investors should cost average in at the next cycle bottom.

Cycle is up but at levels of previous tops.

COT data remains in bear market values and is now at levels of previous tops.

Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms, as we did beginning in 2001.

Silver Sector

Silver is now on a on a long-term buy signal ending the 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.

Speculation remains at levels of previous tops.

Summary

Silver is on a long-term buy signal and investors should cost average in at the next cycle bottom.

Short-term is on buy signal, but caution is advised to those who are chasing this market as a multi-week correction can start anytime.

Courtesy of www.simplyprofits.org