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 buy signal.

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

USD is in a correction and may have more to go, providing some relief to the metals.

Summary

Gold sector is on major sell signal.

Cycle is down.

A recovery is in progress but condition can be very choppy.

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 – short term buy signal failed promptly, not uncommon during a down cycle.

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 on sell signal.

It’s too late to short and too early to buy.