GREY:ALXDF - Post by User
Post by
goldopportunityon Sep 14, 2014 3:05pm
252 Views
Post# 22934997
Imo, azx is now in a new upward trading box.......
Imo, azx is now in a new upward trading box.......Last week azx traded with a floor of C$0.065 and a ceiling of C$0.070 -- a higher and very tight trading box considering the downward momentum of gold stox generally these last 2 weeks. Imo, this is very positive for the sp as we head into this week. For me at least, the real game changer for azx was their year-end financial results pr released aug.27/2014 -- it showed azx with a net income of $995K and $4.7 mil in working capital. And don't forget, this is a junior miner. My st forecast for azx basically remains the same but with a new floor of C$0.065 (up from C$0.060) and projected C$0.080 to C$0.085 high. We'll see what happens. Jmvho.
Next week there's quite a bit of news that could positively or adversely affect gold instruments and the usd -- namely the Scottish referrendum vote and the fomc meeting. Should be fun.
p.s. and keep in mind that many gold stox companies release prs just before/during the upcoming canadian investor conference taking place in toronto in a couple of weeks. fwiw.
goldopportunity