GREY:ALXDF - Post by User
Post by
goldopportunityon Dec 15, 2017 7:34pm
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Post# 27169165
Fwiw........
Fwiw........Alxdf closed at usd .05494 = cdn .0705 (boc 1.2834 close)
Inside low, outside up high and close. 648K changed hands today -- more than 4X daily average. Sp closed above 200day ma. Many st indicators continue to trade in a bullish zig-zag pattern at their respective upper levels. Vortex indicator is positive. Well bid for most of the session. Rising macd and rsi 62. Significant rise in mfi. Sp finally pushes past the 20 and 50week ma.
No news today but I suspect a couple of factors were responsible for today's big breakout:
1. sp hadn't reflected any of this year's steller NRs, including sprott's investment, stellar gold assays
2. the last nr in particular was just too stunning to be ignored, especially with 40 holes outstanding
In short, market forces today significantly boosted alexandria's under-valued market cap.
Bottom-line:
What happens next week? Alxdf's closing chart suggests to me more upside in the immediate st. Based on today's powerful momentum, and the excellent probability of a nr dropping next week, I could see sp pushing usd .06+. But we'll see.
Remember, there are 2 headwinds for gold stox next week:
1. passage of the tax cut bill in the u.s. senate could see the dow push past 25K by next friday. If it passes the usd would rise and pog most likely decline;
2. yearly tax-loss selling season may put many (not all) gold stox under pressure.
We had a great week, with a realistic expectation for further gains next week. Enjoy your weekend. So we'll see what happens next week. Always stand your ground in life and the markets. Jmvho.
goldopp