GREY:ALXDF - Post by User
Post by
goldopportunityon Sep 19, 2017 5:31pm
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Post# 26716407
Fwiw.......
Fwiw.......Alxdf closed at usd .0499 = cdn .0612 (boc 1.2277 close)
Higher low, inside high and a slight uptick on the close. 135.8K changed hands -- gives us 2nd consecutive day of higher stairstep volume -- bullish Some st indices turning up: for instance the vtr, stos and wm%r -- bullish. Another, in what I'll call, a series of reversing hammers in the last little while -- very bullish. And I loved that little upper tail on the candlestick close.
Bottom-line:
Looks to me that we'll have a print above usd .05 resistant maybe as soon as tomorrow. It's so very apparent that smart money is getting into position. In other words: bullish accumulation.
Also, today marked what could very well prove to be a bottom in gold. And the same holds for the gold indices. We might see some testing of lows, with maybe the occasional outside intraday trade, but the charts would seem to indicate the worst is over. Hopefully I'm right. A caveat would be yellen raising rates and/or a close below recent lows.
So we find out tomorrow if yellen does indeed raise rates or not. I would be very surprised if she raises considering the devastation caused by harvey, irma and potentially maria. Plus many economic indicators are pointing south. Not a good environment to be hawkish. Potential volatility.
Things are looking pretty good for alexandria. Of course, that won't stop the mm idiots from trying to spoil the party. So we just be viligant, tough and continue to stand our ground. Jmvho.
goldopp