Gold Price Exclusive Update

September 8, 2018

Our proprietary cycle indicator is way down.

To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.


During a major buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200ema.

During a major sell signal, investors should be hedged or in cash.


Simply cost average in at cycle bottoms when prices are at or near the daily 200ema; and cost average out at cycle tops when prices are above the daily 50ema.

Gold sector is now on a major sell signal.

Major signals can last for months and years and are more suitable for long-term investors.

Speculation is now at net short for the first time since 2001.

GLD is on short-term buy signal.

GDX is on short-term sell signal. is on short-term sell signal.

GDXJ is on short-term sell signal.

Our ratio between gold and stocks is now at the same oversold level as of July 2015, the start of the multi month bottoming process before the 150%+ rally in early 2016.


Long-term – on major sell signal.

Short-term – on mixed signals.

Gold sector cycle is down.

COT data is at extreme levels which suggests that a recovery will occur soon.

Looking to exit our long-term positions upon a recovery rally.


We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.


Jack Chan is the editor of simply profits at, 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.

The King James Bible mentions gold 417 times. Not once does it mention a paper currency.