GREY:ALXDF - Post by User
Post by
goldopportunityon Mar 24, 2018 3:05pm
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Post# 27775845
Fwiw.........
Fwiw.........Alxdf closed at usd .0672 = cdn .0863 (boc 1.2856 close)
Alxdf down 4%. Biggest volume day since mid feb. Sp recovered nicely from session lows.
Azx unchanged on the day. Sp hadn't touched cdn .08 since mid feb.
Do you notice a pattern here? When EO and his bandits interject with a letter, the sp swoons. Great for smart traders who bought while dumb money sold. But this is only a small irritation for what I believe will be a multi-bagger in the not-too-distant future.
Bottom-line:
So what happens on monday? After looking at the charts I think a few unexpected things might happen. I'll start with the dow. It looks poised to at least touch its 200dma, where I think we'll see it bounce a bit, but still be down on the day. The usd I think will start monday pushing past friday's low (st support), but recover and close maybe even up for the session. Gold looks like it will push past friday's high in the am, but I think it will close lower on the spot market in the afternoon. The gold indices I think initially will rally, but pull back after touching friday's highs, and finish lower on the day. The 10-year treasury yield looks like it may initially touch its 50dma (or lower), but recover and close near friday's high. Alxdf and azx I'm thinking will trade within friday's perimeter on lower volume, but this will set-up for a nice rally during the next week or so as I expect we'll challenge and push past last week's highs.
So early next week the dow and greenback could very well have a dead-cat bounce. This would put gold instruments under pressure as they digest last week's impressive gains. But by mid-week or so, I think the gold sector will start to rally big time. I could be wrong, I could be right but I work with a plan and I adapt accordingly.
So we'll see what happens. Enjoy your weekend, folks. Always stand your ground. Jmvho.
P.s. there are a couple of scared posters on this board who sound like they've never owned a stock. These pansies don't seem to understand that nothing comes easily in life. Every stock in the world has its' own unique challenges. You just gotta suck it up and act like a man.
goldopp