AVO was strongly oversold, indeed, more so than any other decent Oz gold stock. Therefore, the impetus is there for it to power its way through resistance levels. What intrigues me is the point at which the general market begins to understand the full scale of inflation and where gold is really headed. If you read the venerable Richard Russells commentary, on www.321gold.com, he makes some very apposite observations which you may find interesting. Some prominent analysts in Aus have rated AVO the best stock to buy in the sector on the ASX. I wouldn't disagree with this analysis.
AVO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held