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I've got an itch, but do I scratch it.. Not Yet!
I still think we got 1.5 more days of this type of action.
After which we should see a nice little bounce into or on Friday.
I'll be jumping back in by then at some point I think. Unless my signs are just saying no...
I have feeling some people will be getting back in on Friday because our Markets are closed on Monday. And who knows what the rest of the word will do with the metal prices with the US locked out for the day.
Looking for that kiss at the 50 Day avg. Now sitting at $1.09.
Maybe at $1.10 by Thursday..
Which is why I may not wait for $1.08 is all I'm saying.
My finger is on the trigger though.. We are at Defcon 4
Lots of big shares have been going thru the last few days though. But they are still shaking the tree IMHO
Good Luck
Old Enough to have grey hair..
Stupid / Smart enough to still play the game.
Chart guy mixed with a silver crystal ball.
Plus 8 years doing DD and paying attention to AXU patterns.
A lot of big insiders here..
This stock tends to move drastically 24hrs before other things move drastically.
In my portfolio... AXU is the canary in the coal mine..
She tells me what's about to happen.. Usually right before it happens..
Just saying... See u at $1.08
You are correct in most of what you say..
Yes I do want cheaper shares..
I can make more $$ trading this than holding..
I held in 2010 and made 500% on axu... If I traded it over that same time I could of made 1000% easy.
So this time around I'm trading it..
Yes If they do raise rates.. Gold and silver will go up eventually..
But the knee jerk reaction will be to go down first.. Just like yesterday.
I also think .70 is far fetched at this point as well.. $1.07 is my real target.. but you never know with these d-bags running this market scam..
Technically speaking yes.. Stronger Dollar = weaker Gold & Silver
Many say A rate increase wont really happen til July Meeting if at all.. But June is on the table Now.. Which makes both sides of the trade uncertain between now and then..
These next 2 months are going to be a giant washing machine.. Not gonna know which way is up..
You can play but wouldn't go all in.. Until end of July!
More Pain to Come IMO..
At some point this will not trade in sync with other miners in sector... At some point it's just gonna go up when everything is going down or sideways...
But until then... Late 3qtr my guess
3 things to look for coming up in the next 3 weeks..
AXU price will do 2 things from here.. IMO
It will hit it's 50 day avg next week sometime.. $1.08 ish my guess..
If it breaks thru that we may hit .71 exact 50% retrace and right where that big floor is as well.
Or we bounce of the 50 day avg which is exactly a 25% retrace..
The catalyst being FED announcement on June 15th. Will they raise rates or not.. If you read the news it came out yesterday in transcripts from last months meeting that it was possibility.
That spooked market .. Dollar spiked.. Gold Silver Went down..
So it will be a tug a war until then.. Pending on which way they decide to go.. We break down or up big after announcement..
Good luck.. I'm waiting this one out.. Until I see my signs..
And I plan I will do nothing for a few weeks.. Unless Silver prices skyrocket early..
Not 20min later Silver Throws Up lunch!
Man I'm good!
Expecting a price dump by EOD today..
Good volume today no movement means smart money giving shares to dumb money..
Or is it Dumb money giving shares to smart money... Guess will see very soon..
This closed fairly strong considering the size of the move.
Like I said I'm out for now, but tomorrow might suprise to the upside as well.
Looks like Soros news and 13 million placement news after hours was the catalyst for us today.
I like how ALEXCO news is only on Canada Wire today.. Not allowed to be distributed in US. Not sure I know why..
But it's an interesting read if you got time..
http://www.alexcoresource.com/s/news.asp?ReportID=749526
You'll notice that management was part of the placement.
Always like when owners by shares..
Looks like Sprott brought some friends in on the deal too..
All positive for us..
I've made 2 trades in & out of AXU so far this year..
1st one ended up 191%
2nd one ended up 52%
FYI..
AXU up 311% since I bought in at .34 (not in production)
EXK up 245% in same time period... (In-Production)
Great 4 months... Can hardly wait for my third trade In..
This still may bump up a little tomorrow in the AM..
Mid $1.45 ish
But after that there is no news that isn't already out on AXU that supports anymore more vertical movement.
SO unless Silver breaks to $18 and thru it..
I don;t see AXU going any higher.
I like $1.10 range..
Like I said way earlier.
A lot of support between $1.08 and $1.17
But only time will tell..
I'm All Out @ $1.39
Gonna let it settle down a bit..
We'll ..It Hit my $1.35 Target Sell Price..
Had my finger on the button... But decided to hold on for bit more.
I'm one greedy Pig... Hope I don't get slaughtered
AXU seems to be holding up well after touching it's high for the Year..
Let's see what the afternoon session brings.. Silver needs to make one more move up for me... Come on Silver!
Looking for $$1.38 to 1.41 now for my exit..
Otherwise....
This rubber band is getting pulled tight...
I smell a boing coming >>>
Everything i see says we go up to $1.35 range very soon. This week!!
I think we got one more good move north and then the summer take-down.. Back to $1.00 range where we will toil for 2 months..
I like mid-august as a good date to start running this puppy up to $3+ before all the 4th qtr updates come up
IMHO
If you haven't listened to or read the 1st Qtr conference call you should take a listen or look..
http://seekingalpha.com/article/3974635-alexco-resources-axu-ceo-clynt-nauman-q1-2016-results-earnings-call-transcript
Lots of key dates and things mentioned by Clyntt.
Looks as if Q4 this year is gonna be a nice 3 months with quite a few updates planned. The big one being a Possible First Resource estimate at Bermingham. Could be a game changer..
They raised $13 million not 10 million and Eric Sprott was the buyer.
Both mines are shovel ready and permitted.. now just waiting for silver price..
Point being, sometime in Q3 this puppy is gonna start to run up in anticipation of exciting developments in Q4..
Whats happens between now and then.. No one knows but the nose..
AXU better bang for your buck...
EXK trading at 3.5 multiple currently / in production
Producing Silver at 3 mines / with one on horizon
Silver per ore ton avg / 150oz
7 million/oz produced last year.
100 million revs last year
AISC about the same as AXU going forward $15
100 Million Outstanding
Mexico based
AXU trading at 5.3 multiple currently / not in production
Not Producing at 2 mines with 2 on horizon
Silver per ore ton avg / 650oz
3 million/oz if producing
17 million revs last year
AISC about the same as EXK going forward $15
77 Million Outstanding
Canadian based
20 million a year side Biz / 100 million Spin off potential
Its Simple Math...
EXK has to work a lot harder for their silver than AXU.
oz/per ton difference is what makes us superior and the unknown that lies beneath the big hill...
Once AXU goes back into production.. The dynamics favor AXU in the short Run greatly..
Long run tit for tat..
AXU will move 5x hire from point zero as EXK does in the beginning of the big move north. At which point they will trade tit for tat.
IMO
P.s All these numbers are rough recollections from older DD
Don't think we'll see below a $1 ever again.. IMO
But I do think by Friday morning we'll be above $1.35
So says my magic ball..
Yes, Leveraged to silver..
They are currently over valued by a few multiples because they are not producing right now. The minute they make a move to begin production. Stock price will jump to $4 fast.
So gather shares now.. Get it get out... Accumulate..
This will jump to $3 even before we know whats happening..
Eric Sprott Owns 7 million shares at $5 plus.. As he hasn't sold one share of it since the last run up in 2010 11..
Some really smart insiders own a lot of this stock.. Buy and wait..
It will be $7 before you know it. If and when silver moves above $20 and holds for a quarter..
There's a rather large base being accumulated over the few months in $1.08 to $1.18 range..
I don't see it falling past that except maybe for a few day duck dive to grab some stops..
Tomorrow we should back at it.. Up we Go >>
GLTA
AXU held up well today considering Silver's zip line downtown.
Actually all the miners I follow held up pretty well.
I still got my shares...
Waiting for the next move up still.. Before..?
Monday is gonna be interesting...
Initially a while back my hope was to get out somewhere around $1.35 before we had a major pullback around 25% - 33% at most IMO..
But that was before Silver made this last move a few days ago..
I think we may touch $1.43 in the AM if the After Trade holds. Last trade Friday was $1.40 .14cents above bell close. Not sure if that means anything. Probably nothing though..
My gut is they are gonna ramp this up quick and then jerk it down and then take it down for awhile. It my happen in the first 45min Monday am.. I hope not... I would love a nice slow steady climb Monday and drag it in to Tuesday or wednesday..
I think big boys still have little media pumping left in the system to reel in some late bandwagoneer suckers..
If it spikes quick in the AM I will probably jump out for a few days and see how it unfolds from there..
Also it really depends on how silver opens in the first hour too..
Should be fun.. GLAT
Nice and Steady this morning >>
Hopefully their won't be a late friday sell off.
Short Interest has increased to 500k up from 150k last month.
Not that much, but something to consider as we move forward and up..
Silver jumping in Asia Tonight..
If it can hold, we could see $1.37
Not sure how many days this next run might be...
We might see $1.50 by monday if things continue to unfold in our favor..
Charts say.. Up we Go >>
Whip Lash MoMo in the AM session.
If this is mine re-start capital. It seems to me based on today's action so far and the last 5 days.. That a real strong base was just put in at the $1.08 to $1.14 range.
And with today's news if it is what I hope it is for
We going up.. Way Up >>>
Fingers Crossed.. Tray Table is Up.. Seat Back is in the Up Position..
...
AXU 'stop' Raiders at work today..
Got them a lot of stops today with that good news...
That $10 million can only be for 2 things...
Payment to SLW.. which makes no sense in my book..
Money to re-start the mine protocols.
We always needed $10 to 20 Million for the restart.. Per earlier Press releases.
So makes sense that this is the restart money! IMO
10 Million to Fire Up the Mine or Pay SLW.
I think it's to prep the mine and hire people IMO
Makes no sense to use it to pay SLW.
Better off mining with money.
They owe $20 mil to SLW by EOY.. What if...
They need $10 million to hire workers to fire up the mines..
Tick Tock
We should bounce back up to $1.11 by EOD
Wasn't expecting that news..
That will throw some water in our face a bit..
If we break $1.20 and hold above it we should see $1.40 the next day or 2 after that..
Probably get out somewhere at $1.3? If it gets there on this run.
Then just sit it out for a bit again..
gl next few days.. Should be interesting to say the least..
She's about to Pop >>
The force is strong with this one...
Tomorrow She Breaks.. Up >> Down>>
I do not know.. But tomorrow she will dance.
The Force is strong with this one...
And I feel a disturbance in the Force is upon us...
The Ole' Rope a Dope.. Tomorrow Huge!
Looking for 15% + Tomorrow.
We were held back a little today.
I expect we will catch up tomorrow!
AXU is always last to stop dancing...
And she loves a good finale!
Life is Good..!
Kaboom >> Wild Week has Started... Hold on to your pants..
Not sure where we may be headed..
$1.30 to $1.50 range I'm guessing
But let's see what the next few days bring..
Predicting Wild Week For AXU and Silver.
Still think we getting big correction to the negative side.
Not saying the big dump is this week, but it should still be fun.
But I still think we got one more good leg up before the bottom falls out on us for a bit.
Which comes first.. The chicken or the egg..?
That's the Million dollar question.
New Alexco Presentation out April 2016>>
Big conference this week. Euro Gold Forum
Alexco Presenting their on Tuesday..
http://www.alexcoresource.com/i/pdf/ppt/AXR_CP.pdf
http://www.alexcoresource.com/2016DenverGoldForum.html
This should give us some action this week!
Tough One.. Up We Go From Here >>
But it could just as easy go the other way.
I would like to think that things ain't done yet though.
My indicators are 50/50 both directions..
GL still holding my .89's Wasn't prepared for that quick run and dump, but that was a nice 27% move in 3 days. Missed it. Thought we had a few more days of that run..
Lot a shares traded hands at certain areas with out any movement.
I think we just got a nice fat base around $1.04 - $1.10 that should help push this to the next level
I Predict a Run to Come 1.. 2.. 3.. Go
Big Day about to happen..
Me so horny!
Some Whipsaw action today...
Still think we spike again tomorrow and then it holds.
Like I said, they love playing with this stock..
GL
What really amazes me about AXU... And how far it had fallen
This stock was $3 a share in 2009. 2 years BEFORE their first mine Bellekeno, went active
In Jan 2011 the day Bellekeno went active.. Share price was $6.
This time around.. We now have 3 times the proven metal in the ground...
We have a new mine that sits right outside the processing plant doors.. 'Flame & Moth' that will allow us to jump 35% - 40% in production Output per day..
And only about 10 million new shares were issued in this entire time since 2010.
And Their environmental business I might add is bringing twice as much revenue as it was in 2011...
This stock is going to explode when Silver breaks $18...
Our jobs... just trade it and keeping growing your shares on their dime..
GLTA
Nice day so far...
Let's see what she does later today
Right Again... Up she did turn... I like what I see.
As for any major correction after this next run.
I would change my price now and where it might go back to.
No Less than the .75 range.
It seems to me after following this stock now for over 8 years I have a fairly good grasp of the players involved and how they move this stock up and down. Which is why currently I seem to be more right than wrong on my predictions.. (So Far)
I do believe things are gonna be different this time around opposed to 2009. Meaning I don't think miners like AXU will drop as much as they did last time around when the market had a stroke.
I also strongly think this stock has been heavily 'but quietly' accumulated over the last year and half by people that know more than me and any down move will be gobbled up fairly quick.. Especially now by new longs preparing for the rapture as well as old timers that know better.. like me.. If you have noticed we haven't fallen off as much as others every time Silver has tanked over the 2 months. We held up really nice.
So IMO not many shares are gonna be out to sell no matter what the market bears down on us in the maybe near future or maybe when.....