GREY:ALXDF - Post by User
Post by
goldopportunityon Mar 01, 2018 8:01pm
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Post# 27648217
Fwiw.........
Fwiw.........Alxdf closed at usd .075 = cdn .0963 (boc 1.2851 close)
Alxdf had a wild and wooly day. The extremely wide lo/hi spread accentuated the strong resolve of buyers and sellers. That opening high must have been an mm idiot, or a sheeple who had more money than brains. At any rate, quite the volatile session.
Azx traders were having fun with sheeple when cdn .09 support was taken out. Yep, the idiots piled on the surface ask, while taking away #s from the surface bid. Classic "play" strategy. No one sold, and sp closed unchanged and traded in a half-cent range.
Higher stairstep volume in both stox. Important to to nopte that since mid-feb the gold indices have lost more than 10%. Alxdf and azx have basically been range bound. In effect the market has essentially started to factor in the latest gold assay release, confidence in the BoD and maybe a bit of the resource estimate.
Many alxdf indicators I follow have ample room for upside movement, The same azx indicators are already up there but I tink they'll bullishly zig-zap in their respective upper bands.
Bottom-line:
What happens tomorrow? The skeptical side of me says nothing will be released on friday. If this proves to be the case then I could see closes near today's lows (maybe even cdn .085 on azx). But realistically, I think alexandria WILL most likely release "something" tomorrow. It could be the remaining 23-hole gold assays, sprott exercising his .08 and/or 09 wts, and/or an update. Alexandria and the BoD know the pressure is on. It certainly won't be the end of the day if nothing is released. It would only give smart money another opportunity to get some cheap shares if dumb sheeple sell.
So we'll see what happens, folks. Be smart as usual and stand your ground. Jmvho.
goldopp