Our proprietary cycle indicator remains down.
Long-Term Gold
The gold sector is on a long-term buy signal, which can last for months and years and are more suitable for investors holding for long term.
Short-Term Gold
Short term, gold is on a buy signal, which can last for days and weeks and are more suitable for traders.
Speculation continues to pullback.
Long-Term Silver
Silver is on a long-term buy signal.
iShares Silver
SLV is on a short-term buy signal, which can last for days to weeks and are more suitable for traders.
Summary
A bull market in gold and silver has been confirmed, but the cycle is down and a multiweek correction is in progress. Caution is advised.