AG Thorson | TalkMarkets | Page 3

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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33 to 48 of 231 Posts
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Fed Announcement To Be Pivotal Event
Sunday, July 14, 2019 12:20 PM EDT
The July 31 Fed announcement is shaping up to be a pivotal event. I think it will either validate a breakout in US stocks or send prices sharply lower. If stocks continue to rally after the Fed decision, then we will likely see an advancing uptrend.
In this article: GDX, GDXJ, GLD, SLV, USO, SPX
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Dollar Rallies, Gold Slips
Sunday, July 7, 2019 3:27 PM EDT
Friday’s positive employment report took the chances for a 0.50% rate cut off the table at the July 31st Fed meeting. The odds for a .25% cut remain near 100%. The dollar rallied on the jobs report, and gold slipped.
In this article: GDX, GDXJ, GLD, SLV, SPX
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Gold Bull Market Begins
Sunday, June 30, 2019 12:57 PM EDT
The MACD for the quarterly gold chart crossed over bullishly for the first time since 2013. After an arduous 6-year bottoming process, I think it’s safe to say gold started a new bull market.
In this article: GDX, GDXJ, GLD, SLV, USO
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Gold Blasts Through Heavy Resistance
Sunday, June 23, 2019 10:51 AM EDT
It’s been a rough few years for gold investors. Failed breakout attempts and a sideways grind kept the sector trendless. Gold blasted through heavy resistance this week, a legitimate breakout. The danger zone surrounding $1360 should now be support.
In this article: GDX, GDXJ, GLD, SLV, USO
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Next Wek's Fed Colors 2019 Gold Outlook
Sunday, June 16, 2019 1:48 PM EDT
Gold reversed sharply on Friday after reaching $1,362.20, a top is possible. The price action surrounding next weeks Fed announcement will help determine our outlook for the remainder of 2019.
In this article: GDX, GDXJ, GLD, SLV, SPY
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Gold Testing Breakout Level
Sunday, June 9, 2019 1:41 PM EDT
Gold is testing its major breakout level, and its fate depends on the June 19th Fed announcement. What they decide will determine if gold breaks immediately higher or if prices will top and slip back to support between $1200 – $1220 this fall.
In this article: GDX, GDXJ, GLD, SLV, SPY
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Gold Breakout Needs Confirmation
Sunday, June 2, 2019 2:00 PM EDT
On the surface, it appears the 45-day cycle timed a breakout in gold instead of the usual top or bottom. I’d like to see some upside follow-through and progressive closes above $1315 to confirm.
In this article: , GDX, GDXJ, GLD, SLV, SPY
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Confirming The XAU Cycle
Sunday, May 26, 2019 11:52 AM EDT
The cleanest cycle I can find is the XAU junior mining index. Prices have formed turning points every 45-trading days since September. It arrives again May 31 and should time the next low.
In this article: GDX, GDXJ, SLV, SPY, BITCOMP, XAU, GLD
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Precious Metals Close To Next Six-Month Low
Sunday, May 19, 2019 2:26 PM EDT
Precious metals have been correcting for about 12 weeks, and I think we are close to the next six-month low. Miners failed to confirm Friday’s breakdown in gold as prices slipped below $1280. The price action next week will help narrow our focus.
In this article: GDX, GDXJ, GLD, SLV, SPY
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Precious Metals And Miners Grinding Lower
Sunday, May 12, 2019 1:26 PM EDT
Precious metals and miners have been grinding lower for about three months. I think we are close to the next 6-month low. My cycle work supports a turning point during the last week of May. The odds favor a bottom at that time.
In this article: , GDX, GLD, SLV, HUI, XAU, GDXJ, SPY, BITCOMP
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Post-Fed Metals And Miners Breakdown May Be False
Sunday, May 5, 2019 12:53 PM EDT
What a wild week. Gold prices broke lower after the Fed decision but finished Friday with a bullish engulfing day. I’m beginning to think the post-Fed breakdown in metals and miners was a false move.
In this article: GDX, GDXJ, GLD, SLV, SPY, USO
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Monday, April 29th Afternoon Update
Monday, April 29, 2019 3:24 PM EDT
Markets want to know if the Fed will cut rates in 2019. Currently, markets are pricing in about a 41% chance of at least one rate-cut in 2019. They announce Wednesday; no rate hike/cut is expected.
In this article: GDX
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When Will Gold Break Out?
Sunday, April 28, 2019 3:17 PM EDT
The weekly gold chart reveals an extensive consolidation starting after the initial surge to $1377 in 2016. I believe gold will eventually breakout to the upside…the question is when.
In this article: CNQ, DNR, GDX, GDXJ, GBTC, HESM, GLD, SLV, SPY, UUP
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Metals And Miners Continue Consolidation
Sunday, April 14, 2019 3:13 PM EDT
If gold holds the $1280 – $1285 area next week, we could see an upside breakout from the triangle that challenges $1350 – $1375.
In this article: J, DNR, GDX, GDXJ, GLD, SLV, SPY, BITCOMP
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Gold Need Consumer Sentiment To Tank
Sunday, April 7, 2019 1:19 PM EDT
For gold to break out big, consumer sentiment needs to tank. It dipped sharply breaking the trendline in late 2018, likely a result of the Federal shutdown and plunging stock market. It has recovered and is trying to recapture the trendline.
In this article: DNR, GDX, GDXJ, GLD, USO, SPX, SLV
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Metals And Miners Rolling Over
Sunday, March 31, 2019 12:03 PM EDT
It looks like metals and miners are rolling over into the next six-month low. Support for gold ranges between $1240 and $1250.
In this article: GDX, GLD, SLV, SPY, USO, GDXJ, DUST
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33 to 48 of 231 Posts
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