first majestic silver

Gold Price And Silver Price Updates

Technical Analyst & Editor
September 19, 2015

Gold sector is on major sell signal.

Gold sector cycle up as of 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.

COT data is supportive for higher metal prices.

Summary

Gold sector is on major sell signal.

Cycle is up.

Looking for a tradable bounce lasting a few weeks.

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 buy signal.

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

Gold and Silver Price Summary

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

Short term is on buy signal and traders can play for a corrective bounce.

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Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.  www.simplyprofits.org

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.


Minting of gold in the U.S. stopped in 1933, during the Great Depression.
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