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This past week in gold

Jack Chan
Posted Jan 23, 2024

Current data suggests a pullback, but should see overall higher gold prices.


Current data suggests a pullback, but should see overall higher silver prices.


Our ratio is on SELL signal.


Trend is DOWN for USD.


Trend is UP for gold stocks.


Trend is UP for gold.


Prices have dropped much too low for that right shoulder, expect the Oct low to be tested soon.


Our ratio is at a triple bottom. This level must hold to avoid a potential bearish scenario.

Cycle is down.
Trend is up.
$$$ We closed out 2023 with a nice profit. This marks the 5th straight profitable year for us.


Jan 20, 2024
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

Disclosure: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

We also provide coverage to the major indexes and oil sector.

Jack Chan: Is the editor of simply profits at www.simplyprofits.org, established in 2006. Jack bought his first mining stock, Hoko exploration in 1979, and has been active in the markets for the past 45 years. Technical analysis has helped him filter out the noise and focus on the when, and leaving 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, the US dollar bottom in 2011, and most recently, the new bull market in the oil/energy sector.

In his spare time, Jack is an avid golfer and tennis player, and volunteers his time coaching and lecturing at local clubs and universities.

321gold Ltd