GDX

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

The commodity futures charts and gold precious metal stocks have be trading with increased volatility as they bounce between support and resistance levels on the daily and hourly charts. This report is focused more on technical analysis and charts so that I can show you what I feel these commodities are lining up to do. … 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

Still all in on Gold and the Gold sector. My Gold is not for sale or trading, it is my cash and cash is king in a secular bear market. My Gold stocks are speculative vehicles with significant inherent risk that I largely trade in and out of, for better or for worse. I remain … 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

Gold Appears to Have Bottomed and Crude Oil Surges to Again Challenge Critical $80 Level

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

Source: The Gold Report. Interviewed by Karen Roche, Publisher  12/18/2009 The U.S. dollar has reigned as the world’s reserve currency for more than 60 years. That’s a real anomaly in the history of paper money, according to Stansberry & Associates Investment Research founder Porter Stansberry, but the dollar’s days on the throne are numbered. With a … 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.