GDX

Jack Chan’s weekly review of the precious metals sector….

Let’s get right to business. Here’s the gold juniors chart, via the GDXJ.  I’ve highlighted the key HSR levels in blue.  After hitting my “enhanced selling” HSR $29 area, most of you are back in refill mode now. Click here now to view the enhanced buy zones, current and prospective: GDXJ Daily Chart The one … Continue reading

Jack Chan’s Weekly Review of the Precious Metals Sector…

Jack Chan’s Weekly Update…

In our previous essay, we’ve stated that a small correction [in gold] may be likely very soon, and since that his is what we’ve seen very recently, you might be wondering if this means that gold is likely to move much lower from here…..

Jack Chan’s weekly update…

Was looking at the Gold forward lease rates from the London Bullion Market Association (LBMA) website (you can look yourself here if interested). It looks like the 1 and 2 month lease rates have inverted for the past three trading days in a row. When you start getting into lease rates, my brain has to … Continue reading

We have tightened stops to remove and reduce risks on our positions. Prices need to reverse up sharply and soon or we will get stopped out…

In the March 5th commentary, we’ve summarized that signals coming from the analysis of the PM stocks’ charts currently don’t give us very precise signals, which may mean that they are to trade sideways for some time instead of making a sharp move in any direction, but there are other signals (…) that we may be near a local top…

…..Some of our recently entered positions were stopped out at breakeven this week. But as long as we remain on a major buy signal and the cycle is up, we continue to look for set ups to accumulate positions, while managing risk at the same time….