GREY:ALXDF - Post by User
Post by
goldopportunityon Jun 10, 2017 7:12pm
94 Views
Post# 26349369
Fwiw........
Fwiw........Goldopportunity wrote on may 25/2017:
"Will the dow punch thru 21169.11 and make a new record high? If it is not breached on this current up cycle, then my forecast of a few months ago for dow under 18000 and naz under 5000 by the end of june stays intact."
Well, the dow did indeed make a new record high, so three bearish tops weren't formed and subsequently a probable severe correction was avoided.....for now!
Goldopportunity also wrote on may 25/2017:
" The same holds for my forecast of alxdf usd .13 and azx cdn .17, plus $1400+ gold. I'll give updates."
We're about a month away from the alexandria sp hitting record highs last year (usd .095 alxdf and cdn .12 azx). We also have the fomc meeting this coming week, after which gold is expected to rebound strongly on a rate hike.
So let's take gold first. Believe it or not, I think we'll be closer to $1400 than $1300 gold around the end of this month+/-.
As for alexandria SPs, we're still waiting for more drill #s and as with most gold stox, we're waiting for gold to break thru and close decisively above $1300. I already stated yesterday that I think the technicals suggest we'll break thru st resistant levels of usd .065 alxdf and cdn .08 by the end of next week.
So with factoring in more very positive drill #s and a gold price closer to $1400, then yes, I stand by my above price projections of usd .13 alxdf and cdn .17 azx if not by the end of this month then shortly afterwards.
You have to cut me a bit of slack as timing is most difficult, but I think my projections above are realistic and achievable.
So we'll see what happens. Jmvho.
goldopp