Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: So what are we to expect over the next month or so

Thanks for the update.

I see that with the Fed rate decision today the markets posted a negative finish. I have heard some comments indicating that the upside risk of inflation in relation to downside risk to growth were not as balanced as stated in the past. There was a concern about upward pressure on inflation and who knows perhaps the Fed want to firm up the US dollar. I believe the a lower US dollar is good for US exports and good for the markets, but suspect for gold. Could it be that we just established a trend, for the short term, for a bit of a sell off in gold? I guess we will know in the next couple of trading session.

Why am I say this? Perhaps it was part of the reason why we saw a drop in KRY, along with the majority of all other gold stock in the index. Even though gold finished higher today the fed decision came after the gold markets closed and Gold was trading down in after hours. It could be just another buying opportunity, but caution should be front and center. It should also be known that KRY really does not follow the trend of the overall market and this stock continues to hold out for the receipt of the permit and continues to wonder without any sense of direction of where it should be headed. If the market sentiment is negative it has a propensity to be negative which is what I believe we saw today. And thanks to the additional comments from NPMG4, I do get the sense that RM and the boys at Crystallex are just as anxious as the rest of us to get this project finally moving forward. Let's hope it happens soon.

Share
New Message
Please login to post a reply