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 UP. Gold sector is on long term SELL signal. Long term – on SELL signal. Short term – on mixed signals. Gold sector cycle is up. COT data is supportive for overall higher prices.
Our proprietary cycle indicator is now UP. Gold sector is on long term SELL signal. GLD is on short term buy signal. GDX is on short term buy signal.
Gold sector is on long term SELL signal. Long term – on SELL signal. Short term – on buy signals. Gold sector cycle is now up. Expect overall higher prices.
Our proprietary cycle indicator is down, but bottoming. Gold sector is on long term SELL signal. Speculation at a multi year and bull market low.
Our proprietary cycle indicator turned down this week, below 10%. Gold sector is on long term SELL signal. Gold sector cycle is down.
Our proprietary cycle indicator is UP. Gold sector is on long term SELL signal. Trend is UP for the dollar, closing the week at a new high. Trend is DOWN for gold stocks.
Our ratio is on a new buy signal. Trend is UP for the dollar, closing the week at a new high. Trend is DOWN for gold stocks, but resistance is broken this week. Trend is now UP for gold. Downside target achieved.
Our proprietary cycle indicator is UP. Gold sector is on long term SELL signal. GLD is on short term sell signal. GDX is on short term sell signal.
The past few months have been brutal for gold stocks, as relentless selling has driven prices down to bargain levels. How bad is it? It is bad. But it is also good. Lets look at the top three mining companies:
Long term – on SELL signal. Short term – on mixed signals. Gold sector cycle is UP. We are now holding trading positions as no core positions should be held during a long term sell signal.

In 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed U.S. citizens from hoarding gold.

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