Post by
goldopportunity on Nov 01, 2018 7:22pm
Fwiw.......
Alxdf closed at usd .0265 = cdn .0346 (boc 1.3088 close)
Alxdf unchanged. 66K traded -- a little more than half the daily average volume. Inside day with higher high. No trading till mid afternoon. Legit sells few and far between.
Azx-v unchanged. 1.176M traded on all cdn exchanges (incl 526K azx-v). Td started off session with cross trades at cdn .025 low in hopes to beget some selling. Best bid was manipulated like a yo-yo in hopes to psyche you out. Both attempts failed miserably.
Last night's nr was a good and logical step "to add to the core assets and get to a new RE" to quote easycoder from his post this am. And shylock's 11:30 am post explains how the non-core asset sale will allow alexandria to focus on its "gold treasure trove" in Val D'or -- must read.
NY spot gold finished up almost $19. Gold indices closed above their respective 50dma.(there were up gaps, tho. Ugh.). Dow finally closed above its' 200dma. Usd down quite a bit. 10-year treasury yield fell to just above 3.13%.
Bottom-line:
So what happens tomorrow? A lot depends on some major data coming out in the am. We get the jobs report at 8:30am ET (190K consensus), as well as the internation trade balance, and then factory orders at 10am ET. We'll see what the markets think.
As for alexandria, we may see alxdf trading within today's perimeter, but with a possible intra-day outlier to the downside. Sp I think may finish the week at or near today's high. Likely groundhog day for azx with sp trading within today's half-cent range. I think we close unchanged.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Alxdf.
goldopp