If you are, you have noticed the "top heavy" buy and sell side of market depth for the past weeks. (if you have not taken the time to "analyse" such facts, I suggest that you do - if you are at all interested in AZUMAH)
The "Sell" side is thinning while the "Buys" have kept a relentless "support" for the 23c/24c SP....Who will give in first? ---- The obvious largish Seller or the Value seeking Buyers?
Gold Stocks have been belted - all of them and the there are many that are "screaming" Buys at the moment. However, they could fall further, given the current World economic circumstances and even then, the "Good" ones will be even better "Screaming" Buys, with the Panic driven sellers almost non existent - They will have already left the scene
RSI, Stochastics, Bollinger Bands, MA Cross Overs, etc. ALL indicate - Oversold, if one really looks a Chart with more than a casual glance.
Of course certain people will have different views regarding my above synopsis and they are entitled to express such views. However, any response should contain some semblance of logic and accuracy, rather than a simple casual observation and opinion.
Look for the end of Q2, it is getting closer and those Drills are working around the clock, finding more GOLD and enlarging the AZM Resource base.
:) Fish
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