Gold Price And Silver Price Updates

Technical Analyst & Editor
June 18, 2016

Speculation remains at all-time high.

Gold sector cycle is up and now back at levels of previous tops.

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 all-time high.

Gold ETF produced an outside reversal on very heavy volume this week, suggesting liquidation.

Summary

Gold sector is on a new major buy signal.

However, the sector is vulnerable to a multi-week correction which is long overdue.

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 bounced sharply this week, now back near the all-time high.

Silver ETF produced an outside reversal this week on very heavy volume, suggesting liquidation.

Summary

Silver is on a long-term buy signal.

Short-term is on buy signal.

However, silver is vulnerable to a multi-week correction which is long overdue.

Courtesy of www.simplyprofits.org

Jack Chan is the editor of Simply Profits, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.


Throughout history the ruling class has always sought to own gold and silver because they represent purity and longevity.
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