GREY:ALXDF - Post by User
Post by
goldopportunityon Oct 02, 2018 8:57pm
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Post# 28733884
Fwiw........
Fwiw........Alxdf closed at usd .0312 = cdn .0399 (boc 1.2817 close)
Alxdf down 9%. Meagre 16K traded. Wide bb/ba spread for most of the session. Continuing low bb, but with a relatively big # -- very bullish.
Azx unchanged. High 1.15M volume (no trading on alternates). Anon and bmo accounted for more than 70% of the buying. Interesting that td was the only seller.
Bottom-line:
Good day for gold -- closed over $1200. And the gold indices all opened gap up -- I don't like gaps as 91% of all gaps get filled at one time or another.
Not all boats float at the same time. In alexandria's case, the battle of wills continues. Minimal (if any) retail selling today. Wide bb/ba spread on alxdf is just da boyz way of wearing you down. Notice how they're on both sides -- smoke and mirrors. And the pros on azx are still playing anyone contemplating selling by using consistent low bb#s and intermittent penny bb/ba spreads. But I see an important and potentially very bullish situation in that anon especially has bought quite a bit of azx in the last week or so. Anon has a very successful track record of being on the right side of a trade. We'll see.
So what happens tomorrow? Well, we could very well have another groundhog day, but maybe with one bullish exception. I'm thinking both stox may have an up bias, albeit perhaps subtle as da boyz still want to psyche you out a bit more. Be patient. Be vigilant.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp