GREY:ALXDF - Post by User
Post by
goldopportunityon Aug 28, 2017 5:50pm
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Post# 26630029
Fwiw.......
Fwiw.......Alxdf closed at usd .058 = cdn .0723 (boc 1.2482 close)
Good day all around. Gold up. Silver up. Pm indices up. Alexandria up. Speaking of alxdf, we had another higher high and higher low -- very bullish. And among other technicals, we had confirmation of a positive par/sar and vtx -- again, very bullish.
Bottom-line:
Gold closed nicely above $1300, with more immediate upside potential thanks in part to the:
1) usd dipping below its 200dma intraday -- may challenge last year's low shortly
2) 10-year yield continues its' slide as it looks poised to fill an up gap to 2.10
3) future economic fallout from texas flooding "guarantees" fed won't raise rates next month
Alxdf looks really good. I really like the wide spread between the low and high of the day. This volatility might be nerve-wracking for some, but it's actually very, very bullish. Proves the strong hands are really locked and loaded, but God help any weak hands as they'll get slaughtered.
And we continue to see a very bullish and wide best bid/ask spread. The mm idiots do this to scare unsuspecting sheeple into thinking that no one wants their shares. In reality, the idiots are desperate for your shares. How do I know this? Easy. Just look at the low daily volume of late. So you have a wide best bid/ask spread coupled with low volume and a higher closing print. Another example of high demand and low supply = higher sp. Economics 101.
Our next resistance challenge is pushing past today's high, followed by usd .06. I expect we'll have a decisive closing print above that .06 level very shortly. Continue to stand your ground. Jmvho.
goldopp