GREY:ALXDF - Post by User
Post by
goldopportunityon Mar 27, 2018 8:45pm
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Post# 27791398
Fwiw..........
Fwiw..........Alxdf closed at usd .066 = cdn .0849 (boc 1.2869 close)
Alxdf gave back yesterday's gains on considerably less volume. Mostly thanks to an even bigger mm idiot. Yup, mm G1 put up that 384K fake and phony best ask mid-afternoon. And that's basically why we had the close that we did. Just gotta laugh.
Meanwhile, north of the border, azx had a relatively very bullish day. Volume was about 50% higher than yesterday, with slightly fewer trades. This tells me the pros were likely accumulating. Sp was well bid at cdn .09 for a good portion of the session. Could be a mirage, but consistently not much supply at the .095 surface ask during the day.
Bottom-line:
So what happens tomorrow? Well, I think gold and the gold indices look likely again to be under pressure. Even with this back drop I think alexandria will fare pretty well.
The alxdf chart suggests to me that sp will likely trade within today's perimeter, with an up bias toward the close. Azx looks like it wants to move higher. I think it will test both today's low and high, with a likely trade to cdn .095 intra-day.
I'm thinking we'll start to see some good volume in both stox going forward as we get closer to the expected release of the RE. This should result in buying pressure moving both stox higher. We could very well crack usd .075 (alxdf) and cdn .095 (azx) before the long weekend. But we'll take it one day at a time.
So we'll see what happens. Always stand your ground, folks. Jmvho.
goldopp