Our proprietary cycle indicator is up.
The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for the long term.
The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.
The trend is up on gold stocks.
The trend is up in gold.
The trend is up in silver.
Silver is on a long-term buy signal.
SLV is on a short-term sell signal, and short-term signals can last for days to weeks, more suitable for traders.
Summary
The precious metals sector is on a major buy signal. The cycle is up. The trends are up. The multi-month correction is complete; I am looking for overall higher prices.
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