Post by
goldopportunity on Nov 13, 2018 6:56pm
Fwiw.......
Alxdf closed at usd .0277 = cdn .0366 (boc 1.3241 close)
Alxdf down 1%. 17K traded -- less than a fifth average daily volume. Volatile session -- more than a penny hi/low spread. Very important day as sp legitimately closed above the previous usd .0265 st resistance level.
Azx-v up 20% (unchanged on alternates). Meagre volume -- only 27K traded on all cdn exchanges (incl 25K on azx-x).
NY spot gold up 2 to close at 1202. Lower hi/low on all gold indices. Dow dodged a bullet, only down 100 but with outside down low/close. Usd gave back much of yesterday's gain, inside day all around. !0-year treasury yield fell to 3.142%.
Bottom-line:
So what happens tomorrow? NY spot gold could test last night's 1196 low, but I think it closes higher. Gold indices could move lower in the am, but head back up again to close higher. Dow looks like it could test today's low. If this breaks then the 200dma would be the next support level. Usd may head lower in the am, but recover to close a tad lower. 10-year treasury yield I think heads lower -- smart money buying.
As for alexandria, alxdf looks likely to trade between usd .02 and today's closing high, with a possible intra-day outlier to the upside to close yesterday's up gap. Sp has the potential to touch .03 this week. Azx-v I think will probably close today's up gap. So expect sp to trade between cdn .025 and .03, with a possibility the .03 best ask gets taken out (albeit briefly??). Sp has the underlying potential to touch .035 by friday.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp