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Gold Forecast – Prices Collapsing to Cycle Target as Predicted


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Gold Forecast – Prices Collapsing to Cycle Target as Predicted

 
 
AG Thorson
Wed, September 23, 2020, 7:29 AM PDT
 
 

GOLD

Gold broke sharply lower yesterday, and this should be the beginning of the September breakdown we’ve been expecting. The decline phase into the cycle low should take 1 to 2-weeks.

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SILVER

 

Silver collapsed below critical support at $26.00, and the next target is $22.50. If prices continue to fall beyond $22.50, then we could see a dip back to $19.00 – $20.00, which in my opinion, would be a significant buying opportunity. I think the bull market in silver is just getting started. I’m considering adding silver mining exposure to the Premium member’s educational portfolio on this dip.

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GDX

Gold miners maintained support surrounding $39.00 yesterday despite collapsing gold and silver prices. We believe prices will eventually break below $39.00. Initial support comes in around $34.00 and below that near $31.00.

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GDXJ

Juniors have been climbing just above the 50-day EMA (currently $57.39). The trend appears to be losing momentum, and prices may be on the verge of collapse.

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AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information visit here.

 

https://finance.yahoo.com/news/gold-forecast-prices-collapsing-cycle-142932045.html

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