Gold Price And Silver Price Updates
share
share
share
share
share
Gold sector cycle is up.
Gold Sector
$HUI is on a long-term buy signal.
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.
Speculation has dropped below level of previous bottom.
Summary
Gold sector is on a major buy signal and short-term is also on buy signal.
Cycle is up.
Trend is down.
A counter trend bounce is in progress.
Caution is advised.
Silver Sector
Silver is on a on a long-term buy signal.
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.
Speculation is now at level of previous bottom.
Summary
Silver is on a long-term buy signal.
Short-term is on buy signal.
A counter trend bounce is in progress.
Silver is more volatile than gold, manage your risk.
Courtesy of www.simplyprofits.org
share
share
share
share
share
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.
