Post by
goldopportunity on Oct 15, 2018 6:15pm
Fwiw........
Alxdf closed at usd .0309 = cdn .0401 (boc 1.2993 close)
Alxdf down 3%. 52K traded -- about average daily volume. 3 trades -- interesting that 2 of them (each for 25K) were only 1 sec apart. Looks like da boyz were playing around a bit.
Azx unchanged. 1.351M traded on all cdn exchanges (707K on azx-v). That revolving build on azx-v's .035 best ask changed so much, it was like a strobe light. Just smoke and mirrors.
Bottom-line:
So what happens tomorrow? Could be a rough day for the dow which may very well punch thru its 200dma to the downside, and test last thursday's low. And the gold indices (hui, xau, gdxj) look overbought, and their charts are telling me they may be headed just below their respective 50dma to fill up gaps from last week. But any dip I think will be short-lived.
A lot of the quality jr golds didn't move up with the gold indices (alexandria being one of them). Not too worry, as smart money was stealthily buying during this time imo. Now if I'm correct, and the gold indices do start to take a dive tomorrow, don't fret. I think alxdf may bounce between today's usd .028 low and .0343 on a closing basis, with possible intra-day fakes outs. Azx looks likely to continue trading within cdn .03 and .04.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp
Comment by
easycoder on Oct 15, 2018 10:56pm
This post has been removed in accordance with Community Policy
Comment by
desert_rat on Oct 21, 2018 8:00am
If EO were still around AZX would be drilling and strong cash positive - a sweet position in this market.