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 remains on long-term BUY at the end of January. Silver is leading gold and that is positive for overall higher prices. The correction continues but may be ending, finally.
Our proprietary cycle indicator is down. Long-term – on major BUY signal. Short-term – on sell signals. Gold sector cycle is down. The correction continues.
Our proprietary cycle indicator is down again. Gold sector remains on long-term BUY at the end of December. Our proprietary cycle indicator is down again.
Our proprietary cycle indicator is UP. Gold sector remains on long-term BUY at the end of December. Gold prices must hold at current level in order to complete a potential inverted head and shoulder bottoming pattern.
2020 was a year of misery on a global scale as COVID19 turned our world upside down. 2021 looks like to be a year of recovery as vaccines are coming to the rescue. We were very fortunate to close out the year with good profits.
Gold sector remains on long term BUY at the end of December. GLD is on short term buy signal. COT data is supportive for overall higher gold prices.
Gold sector remains on long-term BUY at the end of November. COT data is supportive for overall higher gold prices. Long-term – on major BUY signal. Short-term – on buy signals. Gold sector cycle is UP.
Our proprietary cycle indicator is now UP. Long-term – on major BUY signal. Short-term – on buy signals. Gold sector cycle is now UP. The multi-month correction is at completion.
Our proprietary cycle indicator is DOWN, but appears to be bottoming. Gold sector remains on long-term BUY at the end of November. Gold prices have found support at the 200eam.
Our proprietary cycle indicator is DOWN. Gold sector remains on long-term BUY at the end of November. GLD is on short-term sell signal.
