Gold Price And Silver Price Updates

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 sell 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 down.

Investors stay patient and wait for the correction to complete, then 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 near 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 now in progress.

Courtesy of www.simplyprofits.org