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AG Thorson

Technical Analysis Expert & Editor @

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 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 odds for another 0.75% Fed rate hike have risen to around 70% over the last week. This has pushed short-term interest rates and the dollar higher. Gold is slipping back towards critical support. Our cycle work expects one final dip...
Gold prices have plunged nearly $300 since peaking in March. The chart is building a bullish hup-with-handle pattern supporting a breakout above $2000 later this year. 
The old saying, sell in May and go away, could prove useful in 2022. The storm clouds are gathering, and I see the potential for a technical breakdown in the Dow.
The Federal Reserve hiked rates 50 basis points last week. Powell took a 0.75% hike off the table and implied 0.50% hikes in June and July. Markets reacted higher initially but rolled over on Thursday and into Friday. There is a good...
The move into risk assets over the last few weeks has been surprising. We were due for an oversold bounce in stocks and bitcoin, but this seems excessive. Are we about to see a rug pull? Why is gold down while stocks are rallying? 
The recent price surge in Hycroft Mining (HYMC) was due to AMC and Eric Sprott taking ownership stakes in exchange for essential liquidity. Prices have risen sharply since February. Is HYMC a buy at current levels? I believe so.
Nobody wants to own gold, and then - everyone wants in. That seems to be the reoccurring cycle in precious metals anyway. With fears mounting across markets, it appears we have reached another supply/demand tipping point. 
After 18-months of consolidation, gold prices are on the cusp of a major upside breakout. Our technical work supports a slingshot move to the upside (like early 2016) that is likely to leave many investors behind.
Gold has been heading higher over increasing market volatility and worries in Ukraine. Futures must hold $1850 to support a bullish breakout to new highs.  
Overall, the December inflation numbers came in near expectations. Annually, consumer prices are up 7.0%, while energy is seeing the fastest rise with gasoline rising 49.6% in the past 12-months.

India is perennially the world’s largest gold consumer.

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