GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 11, 2018 9:00pm
112 Views
Post# 27870548
Fwiw..........
Fwiw..........Alxdf closed at usd .07 = cdn .0880 (boc 1.2584 close)
Breakout up moves today in gold and gold indices. Interesting that spot and gold futures made 52-week highs intraday. The gold indices, on the other hand, are still only in the middle of a weekly channel (some sloping) that began in january 2017. Clearly gold stox have more than ample room to play catch-up big-time with gold.
Of course, it's the senior and intermediate golds that reap the major initial up moves on a breakout. That's why many junior golds, including alexandria, were basically range-bound today.
Bottom-line:
So what happens tomorrow? I suspect alexandria will again trade within today's perimeters. The mm idiots will probably continue to keep that relatively huge best ask # at usd .07 on alxdf. And it wouldn't surprise me if we even see a bit more of a build on the azx .085 surface ask. The mm idiots want you to be frustrated that our stock isn't moving. So they cap the price figuring some poor schmuck will sell into their strong hands.
But let's look a bit further ahead (maybe next week) when smart money temporarily rotates out of the seniors and intermediates, and into the juniors. Well, you'll notice the huge ask supply will magically disappear (or move higher) as the idiots have already more than filled their tank. So you'll have increased demand and a lower # of shares available. Market forces say that will equal a higher sp.
The best way to beat the mm manipulators at their own scam is to sit on your hands and/or buy if you're able and feel comfortable. Remember, they feed off your fear.
So we'll see what happens. Just gotta be patient and stand your ground, folks. Jmvho.
goldopp