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 down. Speculation remains high despite the current pullback. Our ratio between gold and gold stocks remains on buy signal.
Gold sector is on major buy signal. Long-term – on major buy signal. Short-term – on buy signals. Gold sector cycle is up. We are holding long-term positions. 
Our proprietary cycle indicator is up. Gold sector is on major buy signal. Speculation remains high despite the current pullback. Stay focused on the big picture.
Gold sector is on major buy signal. GLD is on short-term sell signal. Gold sector cycle is up. We are holding long-term positions.
Gold sector is on major buy signal. GLD is on short-term sell signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.
Our proprietary cycle indicator is up. Gold sector is on major buy signal. GLD is on short-term sell signal. GDX is on short-term sell signal. Speculation remains high despite the current pullback.
Gold sector is on major buy signal. Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is up. We are holding long term positions. 
Summary: Long-term – on major buy signal. Short-term – on buy signals. Gold sector cycle is now up, suggesting that the multi month correction is complete. We are adding more positions to our core holdings. 
Our proprietary cycle indicator is down. Gold sector is on major buy signal.  Gold sector cycle is down, a multi week consolidation/correction is in progress but may have ended this week.
Our proprietary cycle indicator is down. Gold sector is on major buy signal. Meanwhile, gold has traced out a three wave which is also corrective.

The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.

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