first majestic silver

Jack Chan

Technical Analyst & Editor

Jack Chan is the editor of Simply Profits, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.

Jack Chan Articles

Our proprietary cycle indicator is DOWN, but appears to be bottoming. Gold sector remains on long-term BUY at the end of November. Gold prices have found support at the 200eam.
Our proprietary cycle indicator is DOWN. Gold sector remains on long-term BUY at the end of November. GLD is on short-term sell signal.
Our proprietary cycle indicator is DRASTICALLY DOWN. Gold sector remains on long-term buy at the end of October. The big picture is bullish. The weekly config has just turned bullish this year after being bearish for a long seven years.  
Our proprietary cycle indicator reverses down this week. Gold sector remains on long-term buy at the end of October. 
Our proprietary cycle indicator is up. Gold sector remains on long-term buy at the end of October. GLD is on short-term sell signal. 
Our proprietary cycle indicator reverses up this week. Gold sector remains on long-term buy at the end of October. The multi month correction is at completion. $$$ We are holding long and short-term positions.
Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is down. The multi month correction is at or near completion. $$$ We are holding long and short term positions. 
Our proprietary cycle indicator is up. Gold sector remains on long term buy at the end of September. GLD is on short term buy signal.
Gold sector remains on long-term buy at the end of September. Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is now up, suggesting that the multi week correction is complete. $$$ We have lifted our hedge...
Our propriety cycle indicator turns up this week. Gold sector remains on long-term buy at the end of September. GLD is on short-term buy signal. Our proprietary cycle indicator turns up this week.  

Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.

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