A Multi-Year Bear Market?
Contributed Opinion

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Intel Corp. and Agnico Eagle Mines Ltd. and Barrick Mining Corp. 
2. Jack Chan: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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Jack Chan Disclosures

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.

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 46 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.

Jack trades and invests in sector ETFs only, and has no affiliation or ownership in any of the individual stocks within this roster.

Speculation according to COT data has peaked.

Speculation according to COT data has peaked.

Current COT data favors an overall higher dollar.

Our ratio is on a sell signal.

Parabolic rises are unsustainable and often occur at the late stage of a bull market.

What follows can be the beginning of a multi-year bear market.

Summary

• Cycle is down.
• Trend is up.
• We took profits and will wait for a cycle bottom.

Trading Strategy for Investors

Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) – exit on a weekly close below $190.

Newmont Corp. (NEM:NYSE; NGT:TSX; NEM:ASX) – exit on a weekly close below $98.

Freeport-McMoRan Inc. (FCX:NYSE) – exit on a weekly close below $57.

Hecla Mining Co. (HL:NYSE) – exit on a weekly close below $17.

Barrick Mining Corp. (ABX:TSX; B:NYSE) – exit on a weekly close below $42.