GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 28, 2018 4:16pm
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Post# 27954647
Fwiw........
Fwiw........Alxdf closed at usd .064 = cdn .0822 (boc 1.2857 close)
Alxdf closed down 3%. Only 16K changed hands. Sp bounced off thursday's low.
Over on azx, the cdnx shut down mid-afternoon. Only 125 azx shares traded unchanged between the open and early close. No one wanted to sell, except mm idiot 07td who was the only seller. That's not even pizza money as currower would say. The apha exchange showed 38K azx traded at cdn .075.
Bottom-line:
So what happens next week? Looks to me that the cycle lows are in for gold and the gold indices. Yup, last week's lows were it if I'm reading the charts right. The usd came within a titch of kissing its 200dma on friday. And its' closing candle indicates to me the odds favour the usd correcting here. Could still be some volatilty on monday, but generally it looks like the gold instruments will be up for the week, and the usd down.
The chart technicals for alxdf have already started moving higher. Azx's techs have some catching up to do. The accumulation/distrubution line in both stox still registers in the stratosphere. This is so damn bullish as it says loudly and clearly that smart money is still accumulating and waiting. Also, each stox's vortex indicator is pretty much scraping bottom -- basically means we have room for sp appreciation growth.
This coming week I could see both stox reaching their respective 50dma: alxdf usd .069 and, azx cdn .085. Remember, the RE is expected to be released in 2 weeks+/-. The wait is almost over. Your patience will be richly rewarded.
So we'll see what happens. Enjoy your weekend, folks. Stand your ground. Jmvho.
goldopp