AG Thorson | TalkMarkets | Page 2

AG Thorson

Registered CMT, Technical Analyst
Contributor's Links: GoldPredict
AG Thorson is a registered CMT and expert in technical analysis. His regularly scheduled reports are released every Sunday, Tuesday, and Thursday. For more information, please visit GoldPredict.com.
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17 to 32 of 232 Posts
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Metals And Miners Consolidate
Sunday, September 6, 2020 12:25 PM EDT
The last few weeks have been challenging as metals and miners consolidate. When prices are on the verge of a breakdown – they stop and suddenly reverse higher. That happened several times around the $1920 level in gold.
In this article: , GDX, GDXJ, GLD, SLV, SPY, SILJ
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Gold Update
Monday, August 17, 2020 11:17 PM EDT
Gold and miners are rallying on news of Warren Buffet’s stake in Barrick Gold. Is this story enough to extend the already stretched advance in precious metals, or is this simply a knee-jerk reaction that will quickly evaporate?
In this article: GOLD, GDX, GLD
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Gold And Dollar Update
Tuesday, August 4, 2020 10:00 PM EDT
The days surrounding Friday’s employment report are crucial. If the dollar bottoms around 92, that could trigger a multi-week correction in gold, potentially severe.
In this article: GLD, UDN
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Gold In Striking Distance Of 2011 High
Sunday, July 26, 2020 10:53 AM EDT
Gold prices are within striking distance of the all-time high set in 2011. It would be unusual for prices to break out to new all-time highs on the first try. Consequently, I still think prices could peak and begin a correction back towards $1550.
In this article: PALL, GDX, GDXJ, GLD, SLV, SPY, UUP
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Precious Metal Prices Collapsed
Sunday, March 15, 2020 3:13 PM EDT
Precious metal prices collapsed throughout the week, especially on Friday. I’m curious to see next week’s COT report. I bet the commercials reduced their short positions dramatically.
In this article: GDXJ, GLD, SLV, UUP, GDX
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Gold Futures Continue To Work Their Way Lower
Tuesday, October 15, 2019 6:14 PM EDT
Gold futures continue to work their way lower after peaking in September. The topping process appears complete, and the next wave of selling could begin any day.
In this article: GDX, GDXJ, GLD, OIL, SLV, SPY
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Gold – The $1490 Level Is Critical
Tuesday, September 17, 2019 2:12 PM EDT
Gold futures are holding support around $1500 ahead of tomorrow’s Fed decision.
In this article: GLD
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Gold Forecast – Preparing For An Autumn Low
Sunday, September 15, 2019 3:40 AM EDT
Gold futures are trying to hold support near $1500 ahead of next week's Fed announcement.
In this article: GLD
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Gold Fails To Maintain $1550
Sunday, September 1, 2019 1:23 PM EDT
Gold hit $1565 Monday morning but failed to maintain $1550. Gold futures finished the week below support at $1535. A collapse below $1500 in the coming days would support a replay of the 2002 pattern and maybe a backtest of the $1360 breakout area.
In this article: CDE, GDX, GDXJ, GLD, SLV, EXK
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Gold Prices – The Big Picture
Monday, August 19, 2019 11:20 PM EDT
With gold confirming a new bull market, it’s time to step back and look at the big picture.
In this article: GLD
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Gold Stays Buoyant
Sunday, August 18, 2019 2:00 PM EDT
Gold remains buoyant as prices examine resistance surrounding $1525. The odds still favor a top in this area, but we probably won’t see a meaningful correction until Treasury yields begin to stabilize.
In this article: CDE, DUST, GDX, GDXJ, GLD, SLV, SPY
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Metals And Miners Are Beginning To Correct
Tuesday, August 13, 2019 5:36 PM EDT
Gold and silver formed significant outside reversal days, and a top is possible. Gold would have to recapture $1525 relatively quickly to restore yesterday’s short-term breakout.
In this article: CDE, GDX, GDXJ, SPY, XLE Also: GLD, SLV, OILB
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Gold May Be Topping
Sunday, August 11, 2019 12:56 PM EDT
Gold rallied to significant resistance surrounding $1525 on fading momentum. Prices could probe a little higher, but I think the technicals and extensive commercial short position favor a topping process for the yellow metal.
In this article: GDX, GDXJ, GLD, SLV, SPY
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Gold Reached Significant Resistance
Thursday, August 8, 2019 4:16 PM EDT
Wednesday’s surge in gold above $1500 was fueled by stock market fears and a capitulating bond market. The 10-year treasury yield crashed to 1.59% on Wednesday, and an interim low is likely.
In this article: GDX, GLD, IEF
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A Wild Day For Gold
Thursday, August 1, 2019 8:00 PM EDT
What a wild day. After reaching $1412 this morning, gold prices began to bounce. Prices were near $1430 around 1:30 when the Trump administration announced additional tariffs of China starting in September.
In this article: GLD Also: GDX, UUP, OILB, SPY, SLV
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Gold Due For Cyclical Pullback
Sunday, July 28, 2019 1:28 PM EDT
Gold rallied $185 in about two months and prices are due for a cyclical pullback. A daily close below $1410 next week would support this theory, and I’d look for a bottom in the first few trading days of August.
In this article: GDX, GLD, SLV, USO, SPX
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