Despite the steep decline in the gp and HUI last week, AVO...

Despite the steep decline in the gp and HUI last week, AVO showed remarkable resilience and has by and large stayed above its 200 day moving average. The stock looks like it may well bounce significantly over the coming weeks on the sign of any sustained gold rally. Given that gold and commodities are short term oversold, and that AVO is set to be in production by July one would expect the stock to rally in the very near future. There's been some pretty large buyers at the low prices.