Gold Price & Silver Price Update

Expect much lower prices in coming weeks.

Gold sector cycle is down as of 5/16

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 investor.

$HUI is on a short term sell signal.

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

$HUI bounced from support and tested resistance, trend remains down.

Summary

Gold sector is on major sell signal.

Cycle is down.

Much lower prices in coming weeks. 

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 – is on short term buy signal.

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

According to COT data, silver is topping again with much lower prices in coming weeks.

Summary

Silver is on a long term sell signal and investors should be in cash or short.

Caution is advised as COT data has reached levels of previous tops.

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Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.