GREY:AVGCF - Post by User
Comment by
AdamJTon Mar 25, 2012 9:33am
350 Views
Post# 19714870
RE: RE: live Avion always
RE: RE: live Avion always How could a coup be priced in? I'm not sure if it will go below a $1 or not but a retest is likely and for all the shares traded on Thursday (roughly 30 million between exchanges) there is sure to be a lare short position on it. POG really has no bearing here. Gold producers usually don't begin to move until September except with election years.
Another problem is key levels on HUI have been broke and the trend is overwhelmingly down for miners in general. Also, look at the support levels lower.
If your a retail investor looking for a long position I'd say time is on your side here. Outside of the Mali coup ending and restoration of democratic process creating a bounce IMO someone would be best served waiting...at the very least to see if there is a huge short position.