Gold Price And Silver Price Updates

Gold sector cycle is down as of 10/30, ending the up cycle since 9/11.

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 sell signal.

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

USD is poised to break out on a long-term basis…..

However, short-term wise may see a pullback from the current rising wedge pattern.

Summary

Gold sector is on major sell signal.

Cycle is down.

We could see a bounce or counter trend rally in coming days, but a tradable bottom is not in sight yet.

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 sell signal.

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

Summary

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

Short-term is oversold and a falling wedge is in place, which suggests that a bounce or counter trend rally should begin soon.

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Courtesy of www.simplyprofits.org