GREY:ALXDF - Post by User
Post by
goldopportunityon Jul 06, 2017 6:13pm
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Post# 26442201
Fwiw.......
Fwiw.......Alxdf closed at usd .0594 = cdn .0768 (boc 1.2946 close). Only 300 traded. So we had a mexican stand-off today. The idiot MMs know that alxdf is in very strong hands now. No one is selling, except for the idiot MMs when they play their stupid games with one another. Retail is signalling to the MMs that if they want it, they're gonna have to pony up.
Azx closed at cdn .07 with 233K changing hands. More accumulation with mm 02rbc accounting for 55% of the buying interest. The idiot MMs have the sp in a definitive .065 bid/.075 ask range.
Bottom-line:
Both tickers are essentially trading in a MM sanctioned 1-cent range (alxdf: .05 to .06 and azx .065 to .075). The idiot MMs are either doing cross-trades/swaps OR trades with each other in the lower portion of this trading box. It's all part of the game.
So we just sit on our hands and keep an eye on the pog and the other eye on the new drill #s that should be released shortly (as per last pr). Let's see what happens. Jmvho.
Odd and sods:
- gold continues to trade in a narrow range -- upside breakout just around the corner????
- gold indices down marginally for the day with inside closes -- upside breakout soon????
- 10-yr. yields have spiked in last 2 weeks -- this means money is leaving the 10s. So where is
this money going? Some parked on the sidelines.....some likely will go into pm instruments
- Dow lost 158 pts and you'd think the sky is falling. I was looking at all the up gaps in the dow
since the election and couldn't help but think that 91% of all gaps get filled eventually. Hmm....
goldopp