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 and precious metal equities are giving sell signals in all periods.
All precious metal equities are on mixed signals short-term – although they continue to remain on a major Sell Signal long-term since March 2012.
All precious metal equities are on a Buy Signal short-term – although they continue to remain on a Sell Signal long-term since March 2012.
All precious metal equities are on a Buy Signal short-term – although they continue to remain on a Sell Signal long-term since March 2012.
All precious metal equities are on a Buy Signal short-term – although they continue to remain on a Sell Signal long-term.
There are mixed signals for gold and precious metal equities: Short-term they are on mixed Signals. However, long-term they are still on Sell Signals.
There are mixed signals for gold and precious metal equities. Short-term they are all on Buy Signals. However, long-term they are still on Sell Signals.
This past week have witnessed buy signals in gold and precious metal equities – as all are on buy signals.
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
The decline in gold prices this year has been classically bearish. Each sharp drop is followed by a consolidation before another sharp drop, thus trapping buyers who have been trying to pick a bottom. This pattern has to change before one...
USD – on major buy signal since Nov 2011, and until that changes, the mighty dollar is the preferred currency over gold.
