Post by
goldopportunity on Nov 14, 2018 6:27pm
Fwiw.......
Alxdf closed at usd .0279 = cdn .0369 (boc 1.3235 close)
Alxdf up a bit under 1%. 23K traded -- about a quarter average daily volume. Higher high/low. Outside up high/close. Sp essentially closed monday's gap.
Azx down 16%. Some alternates unchanged at cdn .03. 257K traded on all cdn exchanges (incl 241K on azx-v). Almost 94% of all trades were crosses.
NY spot gold up 8 to 1210. Gold stock indices all up. Dow down almost 206. Usd down, with inside close. 10-year treasury yield down to close at 3.127%, lower high/low.
Bottom-line:
So what happens tomorrow? The path of least resistance for gold and the gold stock indices appears to be up. Let's see if they can surpass and close above today's highs. Dow closed just below its 200dma. Looks like it may close that up gap around 24894, with next support level just under 24500. I could see the usd trading mostly lower, but may trade higher intra-day. 10-year treasury yield I think will have a down bias. In all the above, you may want to refer to your charts and see what they do when (and if) they approach their previous day's high and low -- i.e. do they break thru or just bounce off?
As for alexandria, alxdf may trade between usd .022 and .0299, with a possible outlier on the downside. Sp could close at .028. Azx I think may mostly trade between cdn .025 and .03, with the .03 best ask taken out. Sp could close at either .03 or .035.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp