Post by
goldopportunity on Nov 06, 2018 6:18pm
Fwiw........
Alxdf closed at usd .022 = cdn .0288 (boc 1.3130 close)
Alxdf unchanged. 73K changed hands -- about 75% average daily volume. Was today's 2K multi-year outlier low a sacrifice or did one of da boyz get lucky? Regardless, most of the trading volume was at or above usd .02.
Azx up 20%. Relatively heavy 1.3M on azx-v (80K on the alternates). Interesting that td was on the buy side for 1.2M of azx-v. Scotia was the biggest buyer on the "de facto" alternates.
NY spot gold down 4 to 1226. Gold indices all lower. Dow had a solid 173 gain. Usd down marginally. 10-year treasury bond yield hit sept's 8-year high of 3.231%.
Bottom-line:
So what happens tomorrow? Good question as all markets will be affected by the mid term results tonight. The consensus is the repubs retain control of the senate, and lose control of the house. My prediction is the repubs retain the senate and house. We'll see.
Generally for alxdf, could be da boyz may continue with their low ball bids and #s, with a big best ask. This is contrarian bullish at this stage in the game. Pay them no heed. I think sp should mostly trade at usd .02 and above, with possible intra-day outlier lows. Azx saw some good "legit" buying today. It would seem logical that we continue chewing thru the cdn .03 best ask. Sp fared well considering pog closed in the 1220s.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp