TSO 11.1% 3.0¢ tesoro gold ltd

‘Massive’ gold intercept at El Zorro, shows project’s large-scale potential, page-10

  1. 652 Posts.
    lightbulb Created with Sketch. 700
    Further to my post above, Here is iGold Advisor's forecast for the PoG in 2021:


    https://hotcopper.com.au/data/attachments/2762/2762383-e80e9a53ffca6daeb467cd43c06cccdf.jpg

    1. Gold made an all-time high in September, 2011 at $1,920 per ounce in the spot market.
    2. However, after that peak, on three subsequent attempts through 2012 to advance back above that figure, gold was stopped in its tracks right at $1,800 per ounce (three red arrows).
    3. Thus, it is not accurate to say that $1,920 was gold’s true resistance zone. Instead, $1,800 was the all-time high resistance zone dating back to 2011 (black).
    4. In July of 2020, after nine years of consolidation, gold finally broke higher through this all-time high resistance zone (red callout). Gold then surged to $2,074 in August, only to enter a five-month decline, which continues presently.
    5. This five-month decline represents a retest of the former all-time high resistance zone at $1,800 (black). Note how gold retreated almost perfectly to the former resistance zone, only to rebound back up over $100 toward $1,900 currently.
    6. What this means is that gold’s retest has been successful.
    7. After a successful retest, we expect a significant continuation advance to develop for the gold market, which should target $2,794 at minimum over the next 1 – 3 years. This target is derived from a measurement of the amplitude of the 2011 – 2020 consolidation ($874) added onto the former all-time high of $1,920.

    In sum, this is a critical time for gold investors to be making their final purchases before a significant continuation advance is ready to unfold lasting through 2021 - 2023.
    So this is the context of my trying to catch a falling knife in buying TSO lately. Load up before the PoG really takes off. I'll be looking to buy moar on any weakness in the last trading days in 2020.
 
watchlist Created with Sketch. Add TSO (ASX) to my watchlist
(20min delay)
Last
3.0¢
Change
0.003(11.1%)
Mkt cap ! $36.88M
Open High Low Value Volume
2.8¢ 3.0¢ 2.7¢ $41.54K 1.504M

Buyers (Bids)

No. Vol. Price($)
1 100000 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 122372 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
TSO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.