The way I look at it RC is that anything over 625 yuan / $90 USD is a positive ... of course I would much prefer to see it stabilize between 670-700 yuan but if it hovered around 650 for a few months then I would not be worried ? IMO
AGO should start to rise next week for a few reasons :
1. Chart analysts posts on here / green candles etc
2. Lead up to Monday 20th when indexes are updated
3. Basic Fundamentals
4. Another AGO Announcement (this one is a wishful thinking point from me) ... hehe
I also believe that selloff has stopped by the big debt holders at present as some have exited and some have sold down to a 'free carry' position after recouping $$
I see many positives for AGO in the next 45-50 days including in addition to the above; a debt repayment announcement; March quarterly report
