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 miners are surging over persistently high inflation data. Perhaps investors are beginning to question the transitory inflation claims of the Fed. A sustained breakout in gold miners could signal a major bottom in precious metals, in...
The 3-year cycle in Barrick Gold (GOLD) seems to set critical turning points every third September (2012, 2015, 2018, 2021?). With prices steadily declining for the past 12-months, the odds support a potential bottom in the following days...
The August employment report came in at just 235,000 jobs versus the expected 730,000 by economists. Gold jumped over the potential for a weakening economy and delayed Fed tapering. A sustained breakout above $1840 in September would be...
The intermediate cycle in gold (chart below) has formed turning points roughly every 128-calendar days (4.2-months). That cycle just turned again, triggering an intermediate low on August 9, 2021. Gold must now stay above that low to...
The 40-day cycle in gold is very close to bottoming. Ideal support arrives near $1750. Finishing the week above $1760 would support a bottom in gold and renewed uptrend in precious metals.
Gold prices are consolidating after its post-Fed collapse. Gold formed a bullish engulfing candle on Monday but needs to close above $1800 to support a possible bottom. A continued breakdown below $1750 would be near-term bearish.
After a prolonged decline, gold miners are showing signs of strength. The analysis below supports an immediate breakout and renewed uptrend in precious metals and miners. If all goes well, gold should work its way back to the $2000 level...
In September 2001, gold spiked to fresh highs after the 911 terrorist attack. Just a few months later, prices dropped back to pre-911 levels. What happened - why did gold drop when the world had changed forever? Good question. It did not...
I will start our 2021 Gold Price Forecast with a quick update on physical demand. In our Metals Market Annual Recap (snippet below), I noted how record low gold eagle coin sales likely marked a bullish turning point for precious metals....
I saw the potential for market-changing news over the weekend, but I did not expect it to be on the vaccine front. Pfizer announced a successful vaccine, and gold is plummeting.
