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
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.
The coordinated UAW strike is a war between blue-collar workers and their white-collar overlords. All three automakers (General Motors, Ford, and Stellantis) are striking in unison for the first time. I believe this to be a pivotal turning...
We see the potential for a strong breakout in gold in the coming weeks. The next time prices break above $2000 - they may never look back. Once gold clears $2100 it will be drawn to $3000 like a magnet.
The divergence between economic indicators is highly supportive of a recession. I have no idea when it starts, but I’m confident it’s coming. Precious metals may languish into September, but once long-term yields peak, I expect a powerful...
Multiple factors support a recession starting in the second half of 2023 and lasting well into 2024. Record business tax refunds are keeping employment healthier than it otherwise would be. Gross Domestic Income turned negative in the...
Recession Outlook The recession I've been expecting is taking far longer to materialize than envisioned. I believe it's because businesses and consumers locked in ultra-low rates during Covid, and that's keeping their heads above water....
