GREY:ALXDF - Post by User
Post by
goldopportunityon Dec 05, 2017 9:19pm
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Post# 27097541
Fwiw........
Fwiw........Alxdf closed at usd .0495 = cdn .0627 (boc 1.2680 close)
inside day all around. Higher low for 2nd consecutive day. The 122K volume matched the daily average. Good assay #s in today's nr, all at shallow levels -- very important. I understood we were still waiting for 60 holes after today's 10-hole release, but nr says 40 drill holes still pending????
The gold indices all opened gap down but recovered on the close. Could see an inside day tomorrow with the chance of a fake-out low intra-day. We'll see. Gold closed a few bucks under the 200dma. Looks poised to still move lower. Keep an eye on the debt ceiling limit which has to be increased by friday or the gov't will shut down. Gold most likely will rise if there's a shut down.
Bottom-line:
Alxdf fared pretty well compared to the gold indices. Everything is relative. We may have risen only 1% after today's nr, but we're trading around the same price as we were at the start of september. By comparision, the gdxj is down about 18% in the same time frame.
What happens tomorrow? At first glance closing candle would seem to suggest that we'll have an inside day. But because of today's higher low I think there may be upward pressure. So I place the odds slightly better than 50/50 that we'll have a higher high. We'll see. Wouldn't surpise me if we get another nr with gold assays perhaps as soon as early next week.
So we'll see what happens. Always stand your ground. Jmvho.
P.s. I see ggrellette posted today with his usual vile. I think he's still licking his wounds that the honduran gold miner he bought at .18 last winter/spring is now at .17. Ouch! In addition he squandered potential profits when the sp got as high as .31. Double ouch! He'll always be a loser.
goldopp