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Zak Mir on Mining Minnows AVM, HOC & POG

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By Zak Mir.

Mining Minnows:

Is the latest dip for the Gold price enough to derail the extended technical recovery argument for highly followed speculative mining minnows such as Avocet Mining, Hochschild and Petropavlovsk?

Avocet Mining (AVM): 

  • Expected target for year end 2013 towards 25p
  • Extended RSI support line flags a sustained recovery
  • 50 day moving average break a preferred buying trigger currently 

Hochschild Mining (HOC): 

  • Initial positive consolidation above 20 day moving average and July support
  • Extended RSI support line flags a sustained recovery
  • 50 day moving average break a preferred buying trigger currently 

Petropavlovsk (POG): 

  • Extended April descending price channel still in force
  • Extended April RSI support line flags an eventual sustained recovery.
  • Break of 50 day moving average at 83p could target August 120p plus resistance again. 

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