Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well that was fun >>
I got a little overly nervous and apprehensive when the all that volume started flying around. Thought the floor was falling out then it rebounded just as fast.
Once again I got caught up in not wanting to be left out and pulled the trigger, not as quick as I hoped. Hate chasing on big volume, always a correction backwards after it's done.
Not sure yet if it was the correct decision. Tomorrow looks like it may want to open down a little before it reverses completely.
Which will probably cost me .10 cents max on the low. But considering everything, I think I did a pretty good job on this down round.
Glad I'm back to cheer leading and not rooting against..
GO AXU -
Gonna Regret It But ALL IN @ $2.12 >>
The GRedy Pig in me cost me .05 cents
18 Minutes Til SHOWTIME >> WHo's Ready TO PLAy..
Could get ugly quick.. Or Spike up Quick ..
50/50
Good Luck fellows.
Target Hit >> BINGO
Still Not Pulling Trigger yet.. I'm one greedy Pig.
Come on $2.00 ... Looking for One Final Dip..
SilverEagle .. $1.60 to $1.70 - Is always possible.. Side channel pricing.
Would have to be major break down from here to hit that in SIlver Price.
Speech Right Now will start the volume - 1 hr before release.
Some D-bag on FOMC board talking.
Submarines must 'Down the Periscope' before they dive.. DOWN..
I like to use that metaphor in my stock charting.. Just my thing..
PArabolic Sar Just Hit at $2.14 >> Down Periscope
Usually means something :)
2pm ET... FOMC Minutes are Out.
Like, I said don't get to carried away about the aftermath, either way.. There's Still Yellen speech next week. Which is much more important. But It dives below $2.10 you have my blessings to buy some.
Technically $19.66 for Silver was the line in the sand and it has crossed it..
Supposed to break down now.. But what do I know!
GLTA -
2 Announcements coming that will affect Alexco are Coming >>
Aug 17th - Wednesday - Minutes From July 27th FOMC meeting are released..
Aug 25th thru Aug 27th - Janet Yellen Speaks at Jackson Hole Summit.
I think we flounder until next week. And then we launch on Wednesday or Thursday (26th 27th) ... This actually also coincides with my 8-10 'trading days' reversal pattern I use for AXU.. Look at the chart and count the days between top rollover to bottom reversal..
May get a bump tomorrow but it might be short lived.. I Actually think we gonna drop after minutes are released.. But even if it pops it will give it back. IMO But maybe not..
Which will keep everyone off guard til next week..
Still Out.. Not convinced yet.. But next weeks Speech should be the catalyst for our early September run up to the next FOMC meeting on Sept 21- ..
After which we will then really explode up.. Cause that's when it rains AXU drilling reports upon us..
GLTA.. Finger always on the trigger...
http://www.bankrate.com/financing/economics/will-yellen-surprise-us-at-jackson-hole/
My Crystal Balls are smokey and it's hard to see inside them >>
Gut Says Down to target price $2.07..
My Indicators Hint Down too, but they are not completely convinced yet.
So anything possible still.. If silver goes up we go up..
But I'm sticking with my gut on this move for now.
IMO... Today was about putting lipstick on pig at a carnival auction looking to fleece the sheeple.
Tomorrow I may change my mind.. GLTA
This looks like it could go either way today..
But what it's really saying to me is I'm still going down.. IMO
Still All Out.. Looking for $2.05 - 2.10 re-entry point. Looking at early next week as the time frame for this next purchase.
But it may come early, which this stocks does to most of my targets..
GLTA
2 Price Channels in Play If this Drops >>
First Channel Has a floor at $2.00 (Main Upward Channel Jan 15)
Second Channel Has a floor at $1.60 (Secondary Side Channel Mar 13)
Could be a nice week to add some shares, If you're out that is..
$5 Billion in Gold Futures Dumped at Close of Euro Market >>
Send metals crashing.
http://www.zerohedge.com/news/2016-08-12/european-close-sparks-selling-panic-precious-metals
Silver Market Just had Seizure >>
Something just happened to metals >
WInk WInK >> Only the Nose Knows...
In Case you’re wondering what Pure Silver Miner To Play
Since I bought AXU on Jan 22, 2016 - AXU @ .34
This is what some of the other Pure Silver Plays did in that time frame.
AXU - Alexco Resource (UP - 625%)
EXK - Endeavour Silver (UP - 430%)
AG - First Majestic (UP - 586%)
Now 2 of these never stopped producing Silver..
One of these will jump 100% once they start.
Who do I want to be in when that day happens…
Always Hate selling >> Feels weird rooting against AXU & Silver.
Down Periscope >>> Dive Dive DIve
See you at the bottom ..
Not sure where that is yet, if we actually drop..
Won't go below $1.92 til December if at All..
Next 40 days it can't drop below $1.92 if they want those warrants to excelerate in mid-Sept..
I wold love to see Low $2's on this drop $2.10 ish it will just depend on the speed of things over the next week..
I'll let you know may plan when I figure it out!
For now Out and Happy > with 26% gain on last move from $1.98
Wish had those shares from that drop to $1.60..
I'm ALL Out at $2.52 >>
Let's hope I didn't screw myself like last time..
Personally looking for a couple of down days to follow..
But If Silver breaks up, I could be in trouble!
GLTA
BINGO $2.50 Magic Crystal Ball Right On The Money >>
Should I stay or Should I go Now...
After Hour Trades Hit $2.50 after PR >
Then it got plunked back down..
19:20:02 t 2.34 300 NDD
18:29:27 i 2.50 83 ARCA
18:29:27 t 2.50 100 ARCA
18:28:21 t 2.50 377 EDGX
18:28:21 t 2.50 440 ARCA
17:31:38 t 2.35 2374 NDD
17:31:38 t 2.35 1000 NDD
16:04:44 t 2.34 150 NDD
I like to use this info on where it may be going tomorrow morning...
Always like to think those late MM trades were signals to others for target pricing the next day..
As I said last week my target for this move was $2.50 to $2.60 before a sell off. We may hit that right out of the gate tomorrow if Silver can survive the night.
Patiently waiting at the starting line... Finger on the Sell button if we hit $2.50 range early in the AM...
Not sure I will act though.. Tough call right now.. Still 5 weeks away from any real news that would move the metals market hard..
Anybody's call here.. I'm trying to get back a few of the shares I lost on my last debacle.. Treading Lightly..
But my spirit animal is 'THE HONEY BADGER' and sometimes I just don't give a Fu*k
2 QTR Out >> As expected.. Nothing Major Announced..
https://finance.yahoo.com/news/alexco-reports-second-quarter-2016-210000240.html
Hopefully some good questions get answered tomorrow..
Otherwise we remain a slave to the Silver Price for the time being.
GLTA
Trekkie, Maybe some early exits at the end of day, for the people with no stomachs.
Any big movement won't happen til after Conference call in the AM on Thursday. SO you will have about an hour after opening bell tomorrow to decide what to do.. But if they hint at anything positive to come or talk drill results at Bermingham... then who knows
They MM's love using these 'low earnings' w/ no production to slam it down quick and then bring it back up like nothing ever happened..
Only time will tell.
Earnings After Close Of Day Today..
Conference Call Thursday AM.
In the past when no production and only revs are Reclamation Biz.
AXU tends to rise initially then drop the next few days after release of earnings, especially if no new things are announced. It's not like there revs increase because Silver is rising like other miners currently in production. But any drop will be short lived IMO
But if we hear anything about Mine Re-start time frame or any Drill result updates.. Which they like to PR the day after earnings sometimes.
Meaning don't be surprised if they PR tomorrow some drill results.
They love talking about those things in CCall's.
I think we're do for break here at some point, but if silver starts to push North again as it is today then anything goes..
GLTA
Silver Finally Breaks Up and Out of that pennant flag.
To bad we're closed for the day..
Ain't no Top Here.. Today was a shake out.. Especially with the opening run to $2.45 and then the drop out.
Tomorrow we will be rewarded for our patience..
Silver >> Time to Come Out and Play...
Your rising pennant Flag is at it's point.
You must break uP or Down now..
What you gonna doo..
Day Not Over.. It'll come back some once..
Silver pulls it's head out of the sand.
Crystal Ball says so..
Crystal ball said another 7%-8% on Tuesday.
I could believe it either, but that's what it says...
Expecting this to run up into earnings and then change directions for a little time, maybe a few days rest afterwards..
GLTA
Here is how I see it playing out over the next 30 Trading Days...
I'm just laying out the facts and my predictions on how AXU will react to them.. SO here it goes..
I see us reaching the $2.50 - $2.60 range over the next 2-3 weeks of trading.. A cushion for whats to follow next...
After which we will retreat slowly.. possibly back to the $1.95 range give or take.. as we hit the final weeks of September.
October we launch towards the $3's fast furious as Bermingham Drilling reports rain down on us...
AS for what moves us and at what times and dates to watch for...
Sept 18th - (Newly issued AXU Warrants Can be accelerated if AXR / AXU closing price is above ($2.50 CN = $1.95 US) for ten straight days commencing on Sept 18th) - Usually a .60 cents difference
Sept 20th - FOMC Meeting about rates... With all the good news with jobs reports the metal naysayers will be out taking the prices down weeks prior to meeting because the USA is perfect and dollar is strong...
MY point is.. And Argument for AXU pricing is this..
Where does AXU price need to be before the naysayers start dragging metals and miners down prior to FOMC meeting. SO that it can maintain its early acceleration of warrants on key date timeline mentioned.
IMO.. AXU will need to be considerably higher from it's current price to manage the negative pressure from FOMC selling to hold at It's Warrant Price line for Early activation...
My Plan: ride it to $2.60 range Sell it.. By it back at $2
GLTA
I'll take 12% Gain Week 1 of August >>
Not gonna worry about daily shuffle with this one right now.
Treat this AXU addiction with weekly adjustments not daily.. IMO
They want your shares for cheap..
Good luck .. Friday was a nice duck dive shakeout, with that Job report.
Nothing left to do now but go UP..
Earnings report will be avg with Side biz making all the revs.
Magic 8 Ball says.. surprise Drill report next week. (If Silver recovers back above $20)
Have a nice weekend.
This happened too... end of last week.
Lots of new investors are now aware of AXU..
http://www.naturalresourcesymposium.com/
Alexco was there and the guy who was putting on the event ERIC SPROTT is a huge owner and cheerleader of Alexco...
How many times do you think when the question was asked back and fourth as investors networked... "Who do you like..?"
How many times was AXU the answer... you think..
Not surprised in heavy volume.. Hopefully it will give us the juice to
hit $2.50 on this leg
Mine Opening Clues Timeline...
Just some thoughts while we wait...
Best way to possibly get heads up on when mine might be ramping up...
They will need to hire 50 to 75 contract and full time employees.
Before they can get the ball rolling.
With most drillers and miners in the Yukon already working this mining season. I really don't see any chance of them getting into full production this year. Although they do fly a lot workers in from everywhere.. so anything is possible
They might be able to do a slow roll with Bellekeno mine because its already cut out and can be worked in the winter.. But you still need workers..
Search : Yukon mining job boards... I know Alecxo uses them..
or where I go..
First Nation of Na-Cho Nyak Dun (Job Page)
These are partners with Alexco on many fronts and one of them is employment for local natives...
http://www.nndfn.com/category/jobs/
Gonna be a big week IMO..
Gonna be a Big Month IMO
Hope your all in..
Nice Article on how the next 5 months will play out..
I agree with most of it..
These guys are fairly accurate in their following of the metals market..
http://www.tfmetalsreport.com/blog/7751/timeline-next-rally-gold
176,000 share block at $1.91 on the ASK
Something's about to do something.. Never seen one that big for AXU in 1 block!
Remember way back I said I use AXU as my Canary in the Cole Mine..
She for tells future events in the paper Silver market..
Lets see what the remainder of the day brings...
FOMC Meeting (11am pt / 2pm et) Today.
Should start seeing some volume moving in anytime now..
Watch out for the duck dive head fake as we approach target time..
GLTA.. Come on Janet Yellen.. Don't fail us today with your positive outlook drivel...
The Time is Upon Us Again... Up Up Up
Should see some good Momo coming in starting tomorrow for rest of week. FED meeting later today and tomorrow.. Info should start leaking out soon..
If crystal ball is correct we should move towards $2.20 ish range on this next move up..
Or lower, maybe I'm reading this thing upside down.. :)
Article: CEO drops vague clue about mine opening time frame.. Some cool photos of Alexco mine in article too..
Seems will be waiting at least for some initial drill results..
Which could already be in >>
"Alexco put its Bellekeno mine in the district on care and maintenance in 2013 due to low silver prices. The white metal has recently gained back ground and is now hovering around $20 per ounce, but CEO Clynt Nauman wants to get more of an understanding of Bermingham before restarting operations."
http://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/yukon-mining-and-exploration-western-copper-and-gold/
To bad I'm holding at $1.98 when my original target of $1.72 was just hit..
Been a rough month for ole' DC and his chicken bones..
Back to the Crystal ball of Scotch..
This will be back up pretty quick..
Using money to allow SLW to get paid their 20mil owed on Stock deal..
Coming Soon to theater near you...
Then production starts...
Shares will dilute but they won't be traded.. SLW will not be flipping theirs..
This just confirms we got something Wicked coming our way very soon..
No worries.. I'm just sitting back until the next leg up starts.
Not gonna try and out guess my self...
NEWS OUT >> Alexco Throws $38 Million dollars (USA) on the shelf for future quick access.
Obviously they want a lot of funds $$ to access at a moments notice.
So one is itching to hit the START BUTTON on their little plant...
Not great for share structure, but re-start & profits should off-set any immediate dillutive happenings..
GLTA
Nothing Like A Military Coup in an unstable Region of the World to give Gold & Silver a jolt to the upside >>
Monday should be Fun if it's still playing out by then..