Alexandria Minerals Corp ALXDF

Fwiw.........

[goldopportunity]

Alxdf closed at usd .067  =  cdn .0858   (boc 1.2809 close)

Both alxdf and azx were initially under pressure this am.  But calm heads prevailed and stock prices were contained in their channel of the last month or so.

Alxdf's volume was about 2X yesterday, while azx's was a little less than half.  Basically, buying was perhaps nervously tentative.  There's still an overhang of supply just above alxdf's best ask.  And sellers were quick to replace azx shares bought at the cdn .085 surface ask.  Was this a passing of the baton or just some sheeple getting a bit impatient?

Gold jumped on china trade war fears, but gave up just about all of its' impressive gains by the close.  And although the gold indices were only down fractionally, they pretty much "crashed" from their highs of the day.  Not a very good sign at all.

Bottom-line:
So what happens tomorrow?  Well, as I write this it looks to me that gold and the gold indices will likely at least start the day lower.  I've been expecting the pog to test 1320 on a closing basis.  If this looks likely to happen then gold stox will follow gold lower.

We still haven't heard a peep from alexandria concerning the RE.  This now becomes a two-edged sword in that a) the expected additional gold oz #s will makes our company even more ridicuously under-valued, but b) the increasing vagueness as to the RE's release (and news on potential bidders) Iooks like it may be grinding some people down.  

So impatient sheeple and lower gold could mean we'll test today's lows tomorrow.   The closing sp #s you want to pay attention to are:  usd .06 on alxdf and cdn .08 on azx.  As long as the sp closes at or above these #s then we'll technically stay within the lower perimeter of our st channel (intra-day It doesn't matter if it happens to go lower).

Don't forget that gold has stayed above 1300 every trading day this year.  And if 1320 holds on a closing basis in this st downturn, then the pog will be well on its way to making another higher low.  This ultimately will be very good for gold stox.

So we'll see what happens.  You know the drill, just stand your ground, folks.   Jmvho.


goldopp