Jack Chan

We had great set ups and we added to positions.

The gold cycle (not shown) has turned up from the most oversold level since the 2008 crash.

We had set ups this week and we added to positions.

We will also remove the hedge on our core positions if conditions are met next week.

We continue to hold our core positions, fully hedged. Waiting for a new uptrend to establish before taking on more positions…..

….Waiting for the downtrend since Dec to be broken and a new uptrend to establish before taking on more positions…

We continue to hold our core positions, fully hedged, locking in profits while waiting…..

We continue to hold our core positions, fully hedged, locking in profits while waiting for the completion of this correction…..

Jack Chan’s weekly update….

This past week in gold By Jack Chan at www.simplyprofits.org 01/16/2010 GLD – on buy signal. SLV – on buy signal. GDX – on buy signal. XGD.TO – on buy signal. Summary Long term – on a major buy signal. Short term – on buy signals. We were stopped out of our newly acquired positions … Continue reading

This past week in gold By Jack Chan at www.simplyprofits.org 01/09/2010 GLD – buy signal this week. SLV – buy signal this week. GDX – buy signal this week. XGD.TO – buy signal this week. Summary Long term – on a major buy signal. Short term – we have new buy signals this week and … Continue reading

This past week in gold By Jack Chan at www.simplyprofits.org 12/31/2009 GLD – on sell signal. SLV – on sell signal. GDX – on sell signal. XGD.TO – on sell signal. Summary Long term – on a major buy signal. Short term – on sell signals. A correction is in progress and we are fully … Continue reading

Long term – on a major buy signal.

Short term – on sell signals. A correction is in progress and we are fully hedged against a potential multi month correction/consolidation.

This past week in gold By Jack Chan at www.simplyprofits.org 12/19/2009 GLD – on sell signal. SLV – on sell signal. GDX – on sell signal. XGD.TO – on sell signal. Summary Long term – on a major buy signal. Short term – on sell signals. A correction is in progress and we are fully … Continue reading