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
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.
Precious metal plummeted on Monday after Biden reappointed Powell to the Fed. Prices are dropping into a cycle low and should find support in the coming days. Sentiment may finally be shifting in golds favor. I see the potential for a...
The Fed continues to inject liquidity as inflation hits 30-year highs (likely a policy error). Consumer Sentiment fell to a 10-year low as inflation reaches 30-year highs. Precious metals and miners could be on the verge of a major...
Gold prices have languished after spiking to new all-time highs in 2020. The Fed's transitory inflation story is dead, as inflation spikes to 30-year highs. Some estimate the Fed's favorite measure of inflation (PCE) could double from 3.5...
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...
