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
Since this gold bull market began six years ago, we have seen our shares of spectacular breakouts, and also a few breakdowns. Some of these breakdowns occur shortly after a breakout, which I label as "fakeouts". With our trading models, we...
Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis. I am wrong as often as I am correct; it is risk management which...
Unlike other analysts, I do not provide predictions or forecasts in January every year. We stay true to our trading models, and this is our current position as 2006 ended and 2007 just begun.
We have a long term sell signal on the $HUI...
A very significant development occurred this week in the resource sectors of energy and metals, which could affect price action in coming weeks.
The energy sector as represented by $OSX broke trendline support this week.
This week, both the $HUI and $XAU's weekly charts have confirmed a major buy signal. In consideration of investors both sides of the border within our membership who are committed in mutual funds within their pension plans, IRAs and RRSPs...
In the past few weeks, my analysis on the gold sector has turned from bearish to bullish. But I also realized that I could be early, or wrong. Like Carl Swenlin always says, technical analysis is a windsock, not a crystal ball.
Many traders have written me lately, a little worried that perhaps the sentiment among gold traders have reached a frantic level, according to some sources. And that, does not bode well for gold from a contrarian point of view.
What is a...
Folks, we have a major breakout in gold and silver this week, and if past history is a guide, we are looking at new highs in both metals in the near future. Those who are not familiar with these "golden triangles" phenomenon can read part...
Last week we covered the GLD, and this week, we will cover the gold stocks ETFs.
First, a simple analysis
Commercials have further decreased their net short to 80k this week, the lowest number in over a year. While this number is still...
