GREY:ALXDF - Post by User
Post by
goldopportunityon May 11, 2018 6:37pm
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Post# 28020967
Fwiw.......
Fwiw.......Alxdf closed at usd .06 = cdn .0766 (boc 1.2779 close)
Alxdf closed unchanged. Low volume -- only 8K traded. Sp was up a half-cent intra-day. Azx was also unchanged. The volume # your brokers show is probably 18K. But as nuggetin pointed in his 1:04 pm post, today's total volume on all cdn exchanges was much higher (106K). Sp was up/down a half-cent intra-day.
Gold spot closed down near the lows of the day. All gold indices had a higher higher, but only the xau managed to eke out a gain. Dow up again with a higher high/low. Usd futures down, lower high/low on the print. 10-yr bond yield virtually unchanged, inside day, still under 3.0%.
Bottom-line:
So what happens next week? Today's closing candle in gold would suggest to me that the pog may be under pressure to start the week. But we'll see, as we could get a bullish reversal like what happened with the usd 2 weeks ago.
No one is selling alexandria. Everyone knows the RE and possible buy-out news could be released at any time. Like the lotto says, you gotta be in it, to win it. This week's low volume levels in both stox look poised to reverse higher next week. And I think late-comers and FOMOers will push alxdf and azx SPs higher during the week.
So we'll see what happens. Have a good weekend and always stand your ground, folks. Jmvho.
P.s. I'll have some observations on today's action in Prb.v over the weekend.
goldopp