GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 19, 2017 6:03pm
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Post# 26139821
Fwiw..........
Fwiw..........Gold indices and dow:
- Hui, xau and gdxj steadily climbed higher after fed beige book news
- Dow steadily declined after fed beige book -- closing candle tells me there's more downside; next stop 20300 to close up gap
Alxdf:
- closed at usd .065 = cdn .0876 (boc close 1.3480)
- 20 min. to close sp dipped to usd .051, and then 10 min later zipped up to .065 close
- remember, it's always the closing price that counts (chartists love it)
Azx:
- cdn .08 close - day's activity pretty much expected considering falling gold indices
- Mm 079cibc did the only trade at cdn .075 (a 2K swap)
- I'm just staying course and waiting for the next slew of PRs to be released
If I'm right, next week we'll see gold trade above $1300. This will mean gold stox will head higher. I think this week may prove to be the commercial's last opportunity to cover their shorts from lower levels. Gold seems to be hanging in there at the $1280 level. So we'll see what the pog and usd do in asian trading tonight. Jmvho.
goldopp