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

By requests, we are now including GLD and SLV in our weekly commentary. GLD - is on buy signal. SLV - also on buy signal.
One chart only this week. The one which matters… Summary
$HUI - is on buy signal. $XAU - also on buy signal.
$HUI - the buy signal from early June remains valid as prices did not violate the previous low. $XAU - but the buy signal on XAU has failed and we are waiting for a new TLBBS.
A fresh buy signal in the gold sector this week. $HUI - this week's buy signal ends the sell signal from April. $XAU - buy signal this week with a powerful up thrust.
The gold sector remains on a sell signal since April. $HUI - is now below the 200ema support and oversold. $XAU - consolidating at the 200ema.
The gold sector remains on a sell signal since April, and prices continue to deteriorate. $HUI - is now below the 200ema support and oversold. $XAU - also below the 200ema support and oversold.
With the Feds holding their course on rates, we are also holding our course in the gold sector. We remain in cash until a buy signal. $HUI - remains on a sell signal from April. $XAU - also remains on a sell signal despite the new...
$HUI - sell signal this week ending the buy signal from mid March. $XAU - sell signal this week ending the buy signal from mid March.
For the past few weeks, we have prepared our subscribers with special tutorials on how to position in the gold sector during the next impulsive phase, with specific instructions on how to enter the market before, during, and after a major...

The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins

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