Further to my post above, Here is iGold Advisor's forecast for the PoG in 2021:
- Gold made an all-time high in September, 2011 at $1,920 per ounce in the spot market.
- 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).
- 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).
- 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.
- 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.
- What this means is that gold’s retest has been successful.
- 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.
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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($) | Vol. | No. |
---|---|---|
3.0¢ | 122372 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.027 |
2 | 914500 | 0.026 |
1 | 40000 | 0.025 |
1 | 100000 | 0.024 |
2 | 1100000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 122372 | 2 |
0.031 | 624646 | 1 |
0.033 | 686214 | 3 |
0.034 | 42105 | 1 |
0.035 | 20000 | 1 |
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