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
Gold sector cycle is up. Trend is up for gold and gold stocks, down for the USD. We are now neutral and will wait for the cycle to turn down to take short positions.
Gold needs to rise above $2450 to negate this potential head & shoulder top. Condition to buy was not met this week, shall wait for a pullback next week.
Our proprietary cycle indicator is UP. Current data favors overall lower gold prices. Condition to buy was not met this week, shall wait for a pullback next week.
Current data favors overall lower gold prices. Gold sector cycle is down.
Our proprietary cycle indicator is DOWN. Current data favors overall lower gold prices. Our ratio is on a new sell signal.
GLD is on short term sell signal. GDX is on short term sell signal. XGD.to is on short term sell signal. GDXJ is on short term sell signal.
Gold sector cycle is now down. Trend is up for gold and gold stocks..
Our proprietary cycle indicator is now DOWN. Current data favors overall lower gold prices. We are now partially short.
Gold sector cycle is now down. Trend is up for gold and gold stocks..
Our proprietary cycle indicator is now DOWN. Current data favors overall lower gold prices.
