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
The near-term trends in precious metals reached extremes - a temporary top is becoming likely. A daily close below $2000 in gold would confirm a spike-high top and beginning of a 1 to 2-month correction.
I see the potential for a spike high in gold this week. The days surrounding Friday's employment report are crucial. If the dollar bottoms around 92, that could trigger a multi-week correction in gold, potentially severe.
Gold prices have had a nice run after bottoming at $1450 in March. However, gold is coming into major resistance (around $1900), and multi-week correction is becoming likely. A decline back towards $1550 in the coming weeks could be one of...
Gold is at a critical juncture. Prices could top or breakout within the next 48-hours. Our cycle work favors a top. This week’s employment data could trigger a breakout in gold above $1800 or force an intermediate top. Expect increased...
The liquidity the Fed provided seems to be working. Equities have risen sharply from their March lows, and the NASDAQ reached new all-time highs. With fear subsiding, gold has begun to take a back seat. We see the potential for a top in...
The stock market continues to price in a V-shaped recovery, which I find unlikely. More and more companies are filing for bankruptcy weekly, and that trend appears to be accelerating. The devastation to the economy could take one to two...
Gold futures tested critical resistance near $1800 last week, and we could be nearing a significant infection point. The larger pattern remains intact and supports new all-time highs, after some consolidation.
After collapsing $250 in March, gold prices have recovered, and are extending to fresh highs. However, I remain skeptical of the current advance and believe the upside, currently, is somewhat limited. I explain more in the weekly gold...
After reaching our March $1700 target, gold entered a sharp, liquidity-driven, selloff. Prices plummeted to $1450 but have since recovered ($1642 as I write). So is the bottom in, or should we expect more selling? Our cycle work suggests...
The paradigm shift I spoke about last year is unfolding before our eyes. Precious metals are likely to emerge from the global COVID-19 crisis as the premier asset for investors.
