BBOZ breakout dueI applied Bollinger bands to this monthly chart of
BBOZ and you can see for the last 12 months,
the bands have been narrowing. This is a classic signal
that the price has stabilised and due for a breakout.
Now the question is ... in which direction?
Lets take a look at the macro...
Every mf asset class is over inflated and yes nominal
interest rates have risen but have had no effect
because in "real" terms they are still mf negative.
The source of this world wide inflation is misdirected at Russia.
Remember the aim of "news" is to misinform you.
BBOZ chart looks better to me each month this continues.
But then again maybe the powers that be dont mind make
the middle class pay $20 for a loaf of bread.
