Gold actually reaches $1800 and holding above it. It is now turning up. It is interesting to note that the gold price has 3 big drops, each on the announcement of the new vaccine and on that day a big number of put contracts went through. The majority issued by the big banks would actually be shorted on gold. These I feel need to be bought back in December or to be rolled over to subsequent months. The Biden / Harris administration will take time to settle in , they will attempt to fix the economy as soon as they can, but the United States economy needs urgent stimulus with record numbers of unemployment. Biden was born in the year of the horse and will attempt to fix the economy as soon as he gets the COV19 out of the way. December will be an interesting month for gold as short sellers need to cover what they have sold. The rest of the world will also follow and gold is a safe haven for an inflated economy. (dyor, not to be regarded as advice. Information based on has not been verified on its reliability).
TSO Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
