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
It’s been a rough start to the year for precious metals and miners, but that may be changing. A decisive breakout in gold above $2100 would support the beginning of a powerful advance.
Precious metals and miners toppled after huge gains in employment: January non-farm payrolls jumped 353,000 versus the expected 180,000. The Fed confirmed it was done hiking on Wednesday, but Powell pushed back on the potential for rate...
The multi-week correction in precious metals and miners should terminate shortly. Once completed, we see gold surging above $2100 to new all-time highs. Precious metals typically rally in presidential election years – 2024 should be no...
Gold is correcting as the dollar bounces - we see prices bottoming later this month. I've included preliminary price targets in the charts below. Record fund flows into the S&P 500 ETF support elevated complacency among investors, and...
The Fed is done hiking and gold is poised for new all-time highs. Metals and miners may pullback briefly as the dollar rebounds into January. The odds still favor a recession in 2024, likely starting in the second quarter.
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.
