Alexandria Minerals Corp ALXDF

Fwiw......

[goldopportunity]

Approximate figures below are based on my opinion that next week (or portion thereof) we will generally see the usd and dow rise, and gold instruments sell off.

Dow  --  recovers friday's losses and then some.  Upside potential this week: 20750;  downside risk: 20001

Gold  --  upside potential this week: $1299;   downside risk: $1249

Hui  --  closes last tues's up gap and then some.  Upside potential this week: 217;   downside risk: 195

Xau  --  closes last tues's up gap and then some.  Upside potential this week: 91;   downside risk: 83 

Gdxj  --  the jr. gold index will fare better as the hui and xau tend to lead on the way up.  I'm expecting potential catch-up gains to the 200dma.  Upside potential this week: 39 (200dma);  downside risk: 35.5

Azx+alxdk  --  I mentioned in my friday post that having sprott on board the alexandria train still hasn't been fully priced into the sp imo.  Having said that it's my assertion that although azx+alxdf may be technically overbought, they are also technically undervalued when you factor in sprott's strategic investment.  I used this rationale in arriving at this coming week's figures.  I'm also calculating this next week's numbers using alxdf's basis-point pricing.  Cdn price equivalent is based on friday's 1.3328 boc close.  My friday post also included revised upward sp projections for the next 3 months, along with an evolving roadmap of what I see happenning in the next little while.
Alxdf:  upside potential this week: usd .0775  =  cdn$ .1032;  downside risk: usd .0580  =  cdn$ .0773.

So we'll see what happens.  Enjoy the rest of your long weekend.   Jmvho.



goldopp