Alexandria Minerals Corp ALXDF

Fwiw........

[goldopportunity]

Alxdf closed at usd .0343   =   cdn .044     (boc 1.2832 close)

Alxdf up 9%.  Token 1K volume.  No trading till 10 min before close.  This late-in-the-session trade created an up gap.  Sp closed at continuing usd .0343 resistance.   Bb/ba spread still relatively wide -- bb slowly crept up during the day (bullish). 

Azx-v unchanged.  355K traded on all cdn exchanges (185K on tsx-v).  Continuing wide penny bb/ba spread sandwiched by 1/2-cent spreads.

The low bb on the closing print of both stox is a psyche-out ploy to make you think no one wants your soon-to-be-valuable alexandria shares.  Quite the contrary, as da boyz are actually going thru hoops to get you to sell, but to no avail.


Bottom-line:
So what happens tomorrow?  Alxdf looks likely to fill this am's up gap.  Traders hope this will shake a few shares off the tree.  Sp could test yesterday's usd .0312 close.  Expect continuing wide bb/ba spreads.  Azx could see a repeat of today's action.  So expect 1/2-cent to penny bb/ba spreads, along with low #s when we have a cdn .035 bb.  They want to "play" ya.  Also, the alternates might see more cross-trade activity than the azx-v.

Interesting that the 10-yr treasury yield broke out, gapped up and surged to it's highest level since 2011.  The greenback also got a good bump, but not enough to even match last month's high for the year.  What gives?  And what did gold and the gold stock indices do?  Well, for now, they essentially shrugged off, with minor losses, what normally would have been a double-barrelled shot of bad news.  Meanwhile, the dow lost most of the day's record gains, and closed with a bearish candle that would suggest to me it could close that up gap around 26500 in short order.   Bottom-line: the gold instruments reaction to today's 10-yr yield and dollar action looked very bullish.  Let's see what happens tomorrow.

So we'll see what happens.  Always stand your ground in the markets and in life, folks.    Jmvho.


goldopp