Imane & Morgan,
I think there is a possibility of breakout on the verge of happening. I'm no expert on this, by any means, but I noticed the market depth on stockwatch indicating a lot of potential buying and comparatively little selling.
There are 51,000 bid@ .30
100,000 @.28
25,000 @.23
40,000 @.22
as opposed to:
15,000 offered @.34
10,000 @ .35
1,000 @.40
6,000 @.54
It may get interesting! LAV is getting spanked because they are first of all, producing gold, and secondly, they happen to be in Indonesia.
When gold rebounds, I think the junior producers will rebound even further. I was also glad to see that LAV hedged and did some forward selling a while back at higher prices.
Dan |
