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.

Speculation is now at the lowest level since 2001, primed for a recovery.

However, the long-term trend remains down and the current consolidation could take a few weeks to resolve.

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 – is on short term 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 and a recovery is in progress.

Traders should wait for the completion of the recovery and begin shorting again.

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Courtesy of www.simplyprofits.org