GREY:ALXDF - Post by User
Post by
goldopportunityon Aug 01, 2018 6:18pm
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Post# 28401036
Fwiw........
Fwiw........Alxdf closed at usd .04 = cdn .0520 (boc 1.3002 close)
Alxdf down 2%. Substantially less than average daily volume. Relatively narrow bb/ba spread. Lower low and lower high.
Azx unchanged. About 20% less volume than yesterday. Half-cent bb/ba spread for the day.
Gold stox took it on the chin today. So we had a bit of weakness in both stox. Alxdf's hi/lo were lower. And azx failed to touch cdn .06. On the plus side, volume was consistently light.
Bottom-line:
This am's strong ADP employment report, the 10-year yield gapping up over 3% and the Fed saying they would keep interest rates at current levels, pretty much was the trifecta that hit the PM sector pretty hard today.
So what happens tomorrow? Today's lower hi/lo in alxdf would suggest to me that the sp may trade part of the day under usd .04. And I think azx may trade to cdn .05 intra-day. I'm thinking the bb/ba spread may widen to a penny during the day. So your resolve looks like it could be tested. But don't forget, we found out yesterday, somewhat officially via that JK interview, that agnico backed EO. Well, agnico lost the bet big time. So that puts alexandria in play. Any potential suitors will now have to up the ante, So in short, the downside risk looks to be minimal, while the upside has the potential to be a multi-multi-bagger.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
P.s. you may want to keep an eye on prb-v's sp. Today it closed below critical cdn 1.31 support on a gap-down open, and tomorrow I think we get the latest short data. I'm wondering if the pros sense that probe may be about to announce an aquisition, JV or something else. Might get a hint from the short report. But this is all just pure speculation on my part. However, it is a fact that prb-v still has an up gap to 1.14 that may or may not have to be filled at some point. Jmvho.
goldopp