Alexandria Minerals Corp ALXDF

Fwiw......

[goldopportunity]

Alxdf + Azx:
-  Alxdf  --  no trades today --  friday's close usd. 057  =  cdn .0778  (today's boc 1.366 close)
-  Azx  --  closed unchanged at cdn .07 on 170K
-  patiently waiting for completion of very bullish cup and hand formation that will propel
   us significantly through recent highs of usd .072 (alxdf) and cdn .09 (azx)

General comments:
Just drama going on now with pog and gold indices.  The stock markets are still climbing on fumes with multiple up gaps waiting to be filled at much lower levels.  

Today"s data continues to confirm that the u.s. economy is weak, weak, weak.  The pmi mfg, ism mfg, construction spending, consumer income+outlays were all lower rm/m.  All further validate friday's weak q1 gdp.

Tomorrow we get motor vehicle sales -- now these are sales to the dealers, not consumers.  Plus redbook and the fomc meeting begins.  Then more data releases, culminating in friday's april jobs report.  And don't forget the french election on sunday (my evolving position has changed on this --more later).  So what a week ahead!

Bottom-line:  hard for the SMs to justify their lofty levels way up in the stratosphere.  They don't know it yet, but pretty soon they'll find out the path of least resistance is lower, much lower.    And when this happens very shortly, gold+silver instruments are going much higher.  

Keep in mind, too, that the 10-year yield didn't rise proportionately with last week's meteoric climb in the SMs.  You would think it would as the smartest money trades it.  And the usdx was noticeable by its total lack of enthusiasm.  You gotta ask yourself: What does the smart money know that the rest of us don't.  Personally, I think they know there's something ominous waiting to hit.  I don't know what's going to set it off.  But when it blows, you better be in the PM sector.

So stay the course and I we'll see what happens.   Jmvho.




goldopp