Why you invest in TSO? A comprehensive review., page-157

As we already knew, gold dropped massively on Friday with positive American unemployment rate. Yes, I got it… The economist were inaccurate with their prediction because things like COVID19 never happened before. Instead of 20% unemployed it’s 13.3%. But what the market reacted was insane. NASDAQ is now at all time high. DOW is very near to its all time high. Investors are ignoring the fact that 30 million workers are still collecting unemployment benefits. 2 million people infected & 111k lost their lives. These numbers are still rising each day. Protests are ongoing at 50 states and they might set off a second wave of infection, etc. Should the American economy at all time high? FOMO made people sell off gold and move to stocks.

Gold broke out of the triangle but remained in the rectangle. It still looks bearish atm. I think Monday would be very decisive. If Gold could not hold its ground, it will fall down to 1650. For long term holders, daily movements of Gold price would not change anything. As many have predicted Gold would eventually reach and break 1800 this year. But for traders and weak hands, they would be terrified if a gold sell off takes place next week. The last time when Gold dropped 20 points Gold’s stocks dropped around 10%. Good thing ASX will not trade on Monday so we have time to see if Gold can recover or at least hold. Besides, TSO will definitely give us some announcements next week which can provide support for its SP.