Weekly Gold And Silver Update: Trends Are Up

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Our proprietary cycle indicator is up.

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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.

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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.

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The trend is up on gold stocks.

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The trend is up in gold.

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The trend is up in silver.

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Silver is on a long-term buy signal.

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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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