No doubt about it....the markets do not like uncertaintly. Whether it be concerns with the financial sector down to our KRY world waiting on the political December 2nd referendum in VZ. Traders are very much in a foul mood with the bears in control and breadth being negative. Wait a minute... isn't this postive going forward? I think so with equities in general, (very oversold and due for a correction not to mention a Santa Claus rally which is still expected soon) but specific to KRY more will be needed to push it higher. Obviously we all know and are waiting for the permit - enought said on that.

It was not just a down day for KRY as the TSX gold index was down 11.5 % today (althought Nova Gold which was down 53% may have skewed the data) and we did stop at support @ $2.50, but it needs to hold if we expect to move higher. Volitility will remain high due to the referendum and KRY investors will probabilty be testing their own resolve depending on the news coming out of VZ. It is worth noting that GRZ, was down today, but only 2.58% and it has all the same risk being in VZ. (it does have a permit however, but is in a holding pattern pending a final signature to construct a mine)

Yes, I am hearing all the concerns and frustration with KRY and I do share in your frustration. While it is difficult to do, we must remove ourselves from any emotional attachment with any stock. Am I concerned about KRY at support: Yes. Will it continue to go down: well, we are in a down trend and the probabilities are not in our favor. Are we close to a permit: Who knows. Will the stock go up with a permit: I say yes. Do I have the resolve to stay the course: I will let you know, but I haven't quit yet.

Tomorrow is another day...Let's see what it brings...