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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Post by goldopportunityon Oct 04, 2018 6:56pm
118 Views
Post# 28748446

Fwiw........

Fwiw........Alxdf closed at usd .0343   =   cdn .0442     (boc 1.29 close)

Alxdf unchanged.  67K traded -- 50%+ higher than average daily volume.  One 14K trade at usd .0281 just after 11am.  Mexican standoff for next 4-1/2 hr.  Balance of day's trading in last half hour -- lots of volatility.  Sp closed at formidable .0343 resistance.

Azx unchanged.  202K traded on all cdn exchanges (164K on tsx-v).  Sp opened at cdn .04, traded rest of day at .035.  Anon on more than 50% of buy orders (no crosses).  Market depth bid/ask ratio averaged 2.15:1 during session -- very bullish, and up from yesterday.

Spot gold closed a tad under the all-important $1200 marker.  In concert, the gold indices were down marginally.  The Dow nose-dived to close that up gap around 26500, then recovered a bit in the afternoon.  The usd looks like it may have peaked (we'll see). But the big news again was the 10-year treasury yield that climbed to close just under 3.2%.

Bottom-line:
So what happens tomorrow?  Big day as the jobs report is released at 8:30 am est.  Consensus calls for 180K.  Things could get quite volatile in all markets if the actual number is substantially lower or substantially higher.  The trade deficit figure drops at the same time.

The aforementioned data releases could affect the gold sector -- this includes alexandria.  As of right now, alxdf's chart tells me sp looks likely to trade within today's perimeter.  Ditto for azx.  One thing I'll add is one day very soon, we may find all of a sudden those resistant walls (.0343 alxdf; .04 azx) suddenly vanish, or at least get chipped away over several days.  My confidence in saying is two-fold: 1) the gold instrument's positive/muted reaction to the dramatic rise in the 10-yr treasury yield; and 2) the failure (so far) of the usd to follow the 10-yr yield to make multi-year highs (even multi-month highs).  I think we're in a sweet spot.

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


goldopp
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