Gold Price And Silver Price Updates
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Gold sector cycle is down again.
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.
The big trend is down, stay with it.
Summary
Gold sector is on major sell signal.
Cycle is down.
Looking for lower prices overall.
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 is on buy 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 on buy signal but prices are consolidating, which suggests a break to new low in coming days.
Courtesy of www.simplyprofits.org
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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.
