GREY:ALXDF - Post by User
Post by
goldopportunityon Sep 11, 2017 6:18pm
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Post# 26682205
Fwiw……...
Fwiw……...Alxdf closed at usd .05 = cdn .06064 (boc 1.2128 close)
Inside day with sp unchanged closing at the high of the session. Slightly higher volume than friday's meagre showing. The mm idiots are still playing the chicken game hoping that some retail sucker will sell. Forget about it! Today's manufactured usd .0439 low most likely a swap between the scavengers or an internal trade. No one in their right mind would sell at that price!!!
That relatively big 36K on the closing best ask is a mirage. The idiots printed that ask just to psyche you out overnight. They figure, what the heck, we'll try some more mind games....maybe some dumb-a$$ will sell tomorrow am. I think not! Yup, trading involves a lot of psychology too.
Bottom-line:
Considering what happened with the gold stox indices, alexandria fared pretty well. I think we're now about to see rotation into the quality jr gold "laggards"....so we're going to benefit big time. Notice the widening spread of the asks. Signals to me traders are getting frisky as they know they'll be able to command a much higher price. Yes, I think we're right on the cusp of a good up move. Heck, even azx is getting a serious build on the bid.
Still expect lots of volatility when we start to move higher. That's how traders make their money. But I think we're in a very good place. So we'll see what happens. Stand your ground. Jmvho.
goldopp