Fwiw........Alexandria: When trading ended friday, both
alxdf and
azx had one of the lowest
weekly volumes in years. Bullish, imo. As I mentioned on thursday when I last posted, I think we can expect higher daily volume going forward, with sp possibly still range-bound for just a wee bit more. I'm still projecting that
alxdf has the potential to touch usd .0319+/- in the next week or so, and
azx looks poised to touch cdn .04 in the same time frame. And I believe there's a 75% probability we see a nr this coming week.
NY spot gold: Will it push past and close above 1230? It could, but I wouldn't be surprised if it mostly trades much of the week between 1220 and 1230.
Gold indices: Looks like they could head lower to start the week, and close their respective up gaps from friday. But the downside risk is minimal, imo. I'm thinking that the gold stox generally have already had their tax-loss selling. Shortly after filling these up gaps, it just may be time to move quite a bit higher, with zigs and zags of course.
Dow: On friday it couldn't push thru that st resistance at 25510 I mentioned about in my last post. If it can get past this level on a closing basis then it may climb to its 50dma. If it fails to close past that level then the dow may have to test support at the 200dma.
Usd: May or may not test and break friday's low intra-day, but then rebound and close higher. Could be a st bottom is in. Ditto for the 10-year treasury yield.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp