Gold Price And Silver Price Updates

Technical Analyst & Editor
August 6, 2016

Gold sector cycle is down.

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 near all time high.

Summary

Gold sector is on a new major buy signal.

Cycle is now down.

Investors can cost average in at the next cycle bottom.

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 sell signal.

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

Speculation remains at an all-time high.

Summary

Silver is on a long-term buy signal.

Short term is on sell signal.

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.


24 karat gold is pure elemental gold.
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook