GREY:ALXDF - Post by User
Post by
goldopportunityon May 09, 2017 5:45pm
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Post# 26223181
Fwiw.......
Fwiw.......Alxdf:
- closed at usd .057 = cdn .0782 (boc 1.3728 close)
- inside low and outside up high and close
- sp closed above 200dma and almost touched .06 intra-day
- very low 12.5K volume, but not the snooze-fest as it may appear
- plenty of posturing with steadily rising best bid/ask vis a vis yesterday
Bottom-line:
Appears to me the asks are in the driver's seat. They know they can command (and likely get) a higher price. So, I think we move up (with drama). Could even have a good push and close over .06 tomorrow. Let's see if the canucks can keep pace. :)
Azx:
- unchanged at cdn .07 on very low 131K volume -- weak hands finally out?????
- closed above 200dma (now at .069) with shrinking gap between 50 and 200
- all .065 trades were 07td swaps accounting for 69% of day's trading
- usual amateurs putting up big supply at ask
Bottom-line:
The trader in me speculates that 07td knows sp is about to go up...hence, today's swaps. Manipulation everywhere, folks....but it is what it is. And this time it's to our advantage. Ok, so most likely azx sp will follow the alxdf lead. Maybe tomorrow we take out .075, and get to .08 either intra-day or thursday.
Will post later on gold and gold indices. So we'll see what happens. Jmvho.
goldopp