GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 30, 2018 5:54pm
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Post# 27961262
Fwiw.........
Fwiw.........Alxdf closed at usd .06 = cdn .077 (boc 1.2836 close)
Alxdf down 6%. No trading till last hour. I suspect that 60K trade was a cross. Azx remains unchanged. Blame 07td for that cdn .07 cross for the print.
Today was the last trading day of april. It proved to be quite volatile. Gold recovered nicely from session lows. Gold indices headed south. Dow almost hit its 50dma, only to close below friday's low. Usd did an about-face and zoomed higher to come within a whisker of its 200dma. 10-year treasury yield followed dow lower, now under 2.94%.
Bottom-line:
So what happens tomorrow? Well, we start a new month. It would make sense that some of the high flyers (i.e. usd and dow) will start correcting. However, today's closing usd chart would seem to suggest the greenback could still see more upside tomorrow. If this proves correct then gold and the gold indices will probably be under pressure. So expect volatility to continue tomorrow. Timing is most difficult -- so we just adapt.
Alxdf's closing chart leads me to think that sp rebounds higher on the close tomorrow. Azx looks likely to trade within today's half-cent range. Hardly any "legit" selling in both stox, mostly manipulated trades. Smart money is patiently standing pat.
So we'll see what happens. Continue to stand your ground as usual, folks. Jmvho.
goldopp