AG Thorson | TalkMarkets | Page 14

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.
Following: 2 Followers: 1995

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GDX Position Update
Friday, November 18, 2016 2:31 PM EDT
I expected to see gold prices rally today if $1,201.30 was a critical low, they haven’t. Gold prices now risk closing out the week near the session lows and an important support level ($1,200). Potentially, setting up next week for further weakness.
In this article: GDX
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Gold: Caveat Emptor
Friday, November 18, 2016 10:30 AM EDT
Gold prices have dropped below all weekly moving averages. Prices could still collapse into an 8-year cycle low by February. I won’t feel comfortable allocating more of my account until gold trades above $1,310.
In this article: GLD Also: GDXJ, GDX
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Metal Miners Report - Thursday, Nov. 17
Thursday, November 17, 2016 5:58 PM EDT
Miners have closed five consecutive days below the critical neckline level. The bearish potential rises exponentially with each day this extends.
In this article: GDX, GDXJ, GLD, OIL, SLV, SPY
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Should You Buy NUGT?
Wednesday, November 16, 2016 2:05 PM EDT
NUGT is an incredibly volatile trading vehicle and the risk associated with a poorly timed entry is high. Furthermore, severe decay issues make triple levered ETF’s profoundly flawed long-term investments.
In this article: NUGT
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Looking For Signs Of A Bottom
Monday, November 14, 2016 7:00 PM EDT
A new intermediate cycle would see prices rally for 4+ months likely exceeding their summer highs. In this scenario, miners would move back above their bearish necklines (195 level in HUI), within the allotted 10-trading days.
In this article: , FXY, GDX, GDXJ, GLD, SLV
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Guidance In The Gold Chart: Something To Consider
Monday, November 14, 2016 11:52 AM EDT
The election distorted the gold cycle out of the October 7th low and this may be the final drop into an intermediate cycle low.
In this article: GLD
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The Technical Breakdown In GDX
Friday, November 11, 2016 2:47 PM EDT
The senior mining ETF has officially broken the “neckline”.
In this article: GDX Also: GDXJ, NUGT, HUI, JNUG, XAU
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Metal Miners Thursday Report
Thursday, November 10, 2016 9:19 PM EDT
The senior mining gauge entered excellent buy zone status. Nevertheless, with the possibility of an additional 25% decline looming (bearish scenario), we need to wait for practical evidence of a bottom.
In this article: SLW, GDX, GDXJ, SPY Also: SLV, USO
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DUST Update
Thursday, November 10, 2016 4:34 PM EDT
Prices are running too far and too fast for me to chase. I wanted to see prices marginally close above the trendline, not up another 20%.
In this article: DUST
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DUST Could Reach Around $80.00
Wednesday, November 9, 2016 4:59 PM EDT
If GDX drops to the bearish scenario target of $15.00-$16.00 (just a possibility right now – not a probability) DUST could reach around $80.00.
In this article: DUST
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The Bearish Head-And-Shoulder Top In Miners
Wednesday, November 9, 2016 2:40 PM EDT
We can safely say we have our line in the sand. If prices drop below $23.43, they will likely break beneath the $22.50 neckline and continue to around $20.00 before bouncing.
In this article: GDX
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Gold Correlation Chart To Watch
Wednesday, November 9, 2016 9:36 AM EDT
There was a knee-jerk reaction in gold, silver, and stocks as the polls began to support Trump late last night. Markets have since calmed, and the immediate spikes higher in precious metals retreated.
In this article: GLD
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A Strong Rally Tomorrow?
Tuesday, November 8, 2016 6:05 PM EDT
Tonight’s election results will likely determine where gold and silver are headed for the balance of the year. A strong rally tomorrow and we can probably take the head-and-shoulder topping pattern off the table for GDX and HUI.
In this article: GDX, GDXJ, GLD, OIL, SLV, SPY, UUP
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Miners Are Making An “Outside Reversal”
Tuesday, November 8, 2016 3:07 PM EDT
Miners are making an “outside reversal” today. That is when prices trade both above and below the previous day’s session. Similar to the day of the $25.93 high.
In this article: GDX
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Gold Prices Could Drop To Around $1,270
Monday, November 7, 2016 5:56 PM EDT
Gold is in the area where I would expect common cycle low “1” to form. Prices could drop a little further to around $1,270; we are essentially waiting for a confirmed price swing to signal the low.
In this article: GDX, GLD, SLV, SPY, UUP Also: GDXJ, NUGT
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Markets Heading Into A Potentially Volatlile Week
Saturday, November 5, 2016 5:04 PM EDT
Next week is critical. Precious metals held steady despite the favorable jobs report on Friday. We are now 20-trading days into the first common cycle out of the October 7th lows, and prices should be in the process of forming an interim high.
In this article: SLW, FXY, GDX, GDXJ, GLD, OIL, SLV, SPY, USO, UUP, SPX, HUI
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209 to 224 of 231 Posts
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