Gold Price And Silver Updates

The cycle indicator is down, suggesting a multi-week correction is in progress.

Expect lower prices overall.

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 pulled back sharply this week confirming lower gold prices.

Summary

Gold sector is on a new major buy signal.

The cycle indicator is down, suggesting a multi-week correction is in progress.

Expect lower prices overall.

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 pulled back sharply this week confirming lower silver prices.

Summary

Silver is on a long-term buy signal.

Short-term is on sell signal, a multi-week correction is in progress.

Caution is advised.  

Courtesy of www.simplyprofits.org

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