Alexandria Minerals Corp ALXDF

Fwiw........

[goldopportunity]

Alxdf closed at usd .032   =   cdn .0416     (boc 1.3031 close)

Alxdf up 4%.  43K traded -- a little less than average daily volume.  No one was selling as da boyz lowered the bids and #s.  The result: a volatile session with almost a penny hi/lo spread.

Azx down 12% on almost all cdn exchanges.  The one exception (TriAct) was flat at cdn .04.  This same exchange traded 2.8M (mostly crosses??) of the total 4.5M volume on all bourses.  Note that the only trades at the .03 low were crosses (figures!).  Big 25% hi/lo spread.

Gold closed near its lows.  Gold indices recovered from relatively steep early losses.  Dow stayed above 25K, and closed a little better than 1% higher (above its 200dma).  Greenback finished higher. 10-yr treasury yield climbed a bit and yesterday's (thurs) low held.

Bottom-line:
So what happens next week?  I think we'll continue to see volatility in all markets.  The u.s. markets will be focusd on quarterly earnings.  The could prove to be a double-edged sword. If earnings come in strong as expected then I could see upward pressure again on interest rates because of inflation fears. In turn, rising interest rates would also put downward pressure on general equities (i.e. dow, naz etc).  This becomes especially worrisome as the Fed has indicated it's full-steam ahead on raising rates.  Could be this was the catalyst to gold's breakout action this week -- gold loves inflation.  At any rate, we'll get a better idea of what to expect when the overseas markets trade on monday.

As for alexandria, I think da boyz may continue to try and psyche out any weak hands that are frustrated by the volatility.  Expect to perhaps see a relatively higher # of cross trades at the lows and highs.  This is all part of the game.  Generally speaking, we'll be following the pog and gold indices.  And this last week's breakout moves in each tells me that the trend is up, with zigs and zags of course.  Remember, the trend is your friend.  Patience is the key.

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



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