Post by
goldopportunity on Nov 15, 2018 7:07pm
Fwiw........
Alxdf closed at usd .0278 = cdn .0367 (boc 1.3202 close)
Alxdf down fractionally. 6.5K traded -- lowest daily volume in a month. Only 2 trades -- at the open, and near the close. Continued wide bb/ba spread -- very bullish.
Azx unchanged. No trading on azx-v; only 2 trades totalling 3.3K on the alternates. Lowest daily volume in about a month. More than 16:1 bb/ba ratio -- very bullish.
NY spot gold up marginally to close at 1213, inside day. Gold stock indices all up, outside up high/close. Dow up 208, closed up gap I talked about last night, inside hi/close. Usd up a tad, inside day all around. 10-year treasury yield had its fifth consecutive day with a lower high/low.
Bottom-line:
So what happens tomorrow? NY spot gold I think will at least punch thru today's immediate st high resistance and may test 1220. Gold stock indices likely to close higher. Dow chart looks poised to move past today's high -- we'll see if it's able to push thru 25510 st resistance. Usd may very well push past 97.26 st resistance, but close slightly lower on the print. 10-year treasury yield looks likely to push past today's high and close higher.
Both alxdf and azx had ther lowest volume day in about a month. This generally is a precursor to higher volume levels and, in alexandria's case, most likely higher prices. So going forward, I think we can first expect higher daily volume, with sp possibly still range-bound for a little bit. I'm still projecting (as I mentioned last week) that alxdf has the potential to touch usd .0319+/- in the next week or so, and azx looks poised to touch cdn .04 in the same time frame. Imo, there's a 75% probability we get a nr by next friday.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp