Alexandria Minerals Corp ALXDF

Fwiw........

[goldopportunity]

Alxdf closed at usd .0265   =   cdn .0347     (boc 1.3108 close)

Alxdf up 32%.  Meagre 15K traded -- lowest volume of the week.  Outside low, outside high and close.  Sp made a new multi-year low --  a mere 1/100 cent lower than sept's low.  This fake-out low could not beget any selling at that level.  Sp closed at session high.

Azx unchanged.  Almost 3.9M traded on all cdn exchanges (3M+ on azx-v).  Biggest volume week in 4 months.  Even with that huge fake and phony cdn .03 best ask, sellers couldn't incite much selling.  By 3:14 pm scotia came in and swooped up a millions of shares.  Scotia, just on the tsx-v, bought more than 2.7M or 90% of the primary exchange's volume.

Looked to me that scotia was hot to trot to get alexandria shares today.  And on a friday afternoon, late in the session no less.  Very interesting.  


Ny spot gold up marginally, but did trade to 1244 intra-day.  Hui and xau up less than 1%, near the day's lows.  Gdxj down with another lower low and high.  Dow was volatile with lower close/low/high.  Usd closed lower with a higher high/low.  10-year treasury yield fell -- closed an up gap and left an opening down gap. 


Bottom-line:
So what happens next week?  I'll just focus on alexandria.  The weekly charts clearly show that a relatively high volume week when the sp is at a cycle low is generally followed by consecutive weeks of the sp moving higher.  So letting history be my guide, I think both alxdf and azx will show higher closes by friday of next week.  I'm also thinking that the odds are about 75% that we get some news next week, be it an nr or something else.


So we'll see what happens.  Always stand your ground in the markets and in life, folks.   Jmvho.


goldopp