AG Thorson
Technical Analysis Expert & Editor @ GoldPredict.com
AG Thorson is a registered CMT through the MTA and an recognized expert in technical analysis of the precious metals markets. He is also the Editor of GoldPredict.com where members receive daily updates and regularly scheduled reports 3-days a week. He prides himself on making his analysis easy to understand through the use of adaptive and creative charting methods. You can reach AG at [email protected].
AG Thorson Articles
On Wednesday, the Fed confirmed they were done hiking rates - metals and miners jumped on the news. The pivot from tightening to loosening is precisely what gold needed to trigger the next big run. The gold train is leaving the station and...
In October, the Conference Board LEI experienced its 19th consecutive monthly decline. This prolonged downturn, only surpassed during the 2008 and 1974 bear markets, strongly signals an impending recession.
I get the overwhelming sense the economy is rolling over into recession faster than markets expect. U-1 unemployment is shooting higher, and permanent job losses are accelerating, consistent with prior recessions. Long-term inflation...
In recent days, I've been getting strong recession vibes from markets. Whether it's the news sources I'm monitoring or a surge in negative reports, it appears that we are approaching a critical juncture in the economy.
Gold Miners (GDX) may be forming a head and shoulder bottom. The FOMC left rates unchanged - the stock market is rebounding. If the Fed is done hiking, gold may be heading to a November breakout.
Gold has been consolidating below $2080 for over three years. Prices are above the trendline, and we could see a breakout in November. The price action over the next 2 weeks is crucial. Here’s what I’m watching.
Gold trading above $10,000 and silver near $300 is where President of Financial Sense Wealth Management, James Puplava sees prices later this decade, according to his Big Picture Update titled: Unsustainable.
The final washout I warned gold investors about is over, and the breakout rally above $2100 may have begun. Gold miners could explode higher if gold reaches new all-time highs; they remain insanely undervalued and under-owned.
The current washout in metals and miners is purely technical (banks covering shorts). It should end quickly, and then we start the next significant advance, which I suspect will take gold above $2100.
Gold broke key support and miners are collapsing - the final washout is in full swing. If I were to rate the current panic on a scale from 1 to 10, I’d give it a 6. Could it get worse? The next few days are crucial.
