Alexandria Minerals Corp ALXDF

Fwiw.......

[goldopportunity]

Alxdf:
-  closed at usd .0551  =  cdn .0755   (boc 1.3705 close)
-  inside close with outside double-low giving us a bullish reversal
-  I suspect low volume today had to do with lack of sellers
-  a wide bid/ask spread on low volume usually indicates a bias to the buy side

Bottom-line:  
Maybe some drama while consolidating a bit more but higher prices on the way.  I expect sp to close above 200dma tomorrow (we almost kissed it today). 


Azx:
-  stayed at cdn .07 all day on relatively light 950K volume  --  closed right at 200dma

Bottom-line:
Sp consolidates a titch more with .075 our new resistance level.  Expect lower volume tomorrow.



Hui and Xau:
Inside day -- even gdxj eeked out a tiny gain!  Tomorrow I'm looking for an outside high and close vis a vis friday's high on hui and xau.  Might only get the outside high....we'll see.



Vix:
The volatility index had a really rough day, what with a multi-decade closing low.  Ouch!

Bottom-line:
Compacency is running rampant.  And what do I see staring at me in the chart?  Among other things, a big, fat juicy down gap from around 14 to 12.  Like I said, gaps get filled more than 91% of the time.  And more than likely, the gold instruments will be a big beneficiary when the SMs start to head south.  


So we'll see what happens.  Have a good night, folks.  Jmvho.




goldopp