AVO avoca resources limited

With the US Bond market about to be slaughtered, the HUI (Amex...

  1. 203 Posts.
    With the US Bond market about to be slaughtered, the HUI (Amex Gold Bugs Index) is marking out a technical triangle formation as are all major gold stocks (no coincidence there!) including LGL and AVO. It is also no coincidence that a dumping of US treasuries will coincide with a stampede into PM physical EFT's and stocks. This downturn in the treasuries is appearing to coincide with the apex of the triangle in sp's and the HUI, again no great surprise. It seems both technical and fundamentals are positioned for a substantial rise in the HUI, gold mining stocks and EFT's. Hence,IMO, AVO should see a breakout on heavy volume very soon. Unfortunately, I'm out of bullets to accumulate any more at these low prices. A$1.88 what a gift!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.