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

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. COT data suggests lower metal prices overall going forward.
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. COT data suggests a major bottom is not in yet for the metals.
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. COT data suggests a major bottom is not in yet for the metals.
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on new buy signals. Gold sector cycle – up as of 11/14. COT data suggests a major bottom is not in yet for the metals.
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on sell signals. Gold sector cycle – down as of 8/8. COT data suggests a major bottom is not in yet for the metals.
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on sell signals. Gold sector cycle – down as of 8/8. COT data suggests a tradable bottom is not in yet for the metals.
Long term – on major sell signal since Mar 2012. Short term – on mixed signals. Gold sector cycle – down as of 8/8. COT data suggests a tradable bottom is not in yet for the metals.
Long term – on major sell signal since Mar 2012. Short term – on mixed signals. Gold sector cycle – down as of 8/8. COT data suggests a tradable bottom is not in yet for the metals.
Since our major buy signal on USD in 2011, both gold and silver have declined substantially. And now, the dollar is testing upper resistance, and upon a successful breakout, could affect the metals for a very long time to come.
Some folks have been watching the dollar rising sharply in disbelief during the past few weeks, which is not friendly to the metals. No surprise to us as we noted the double bottom is USD is 2011 as gold peaked at the same time.

The Federal Reserve Bank of New York holds the world's largest accumulation of monetary gold.

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