Let’s have a look at Crystallex International Corp. (KRY) , the developer of the Las Cristinas Gold mine in Venezuela, from a Technical POV. The overall analysis after Friday (March 6, 2009) market action is Bullish; in the near term Bullish, mid-term Bullish, and long term Neutral.

Latest News: Venezuela: Private miners not excluded from gold

http://biz.yahoo.com/ap/090122/lt_ve...

Friday market action: Close. .29 +.02 Volume 687,100/shrs

There are no open Gaps on the KRY chart, there is an Inverted Hammer on March 4, 2009, the near term resistance is .33, support at .26, and the 50 day (EMA) exponential moving average is .26.

This is Crystallex International Corp. (KRY): The Company engages in the exploration, development, mining, production, and processing of Gold in Venezuela.

The company owns interests in the Las Cristinas project comprising proven and probable reserves of approximately 16.86 million ounces of Gold, located in Sifontes Municipality in Bolivar State, Venezuela. It also has interests in Tomi operations, the Lo Increible properties, and the Revemin mill located in Bolivar State, Venezuela. The company was founded in 1984 and is headquartered in Toronto, Canada.

The Competitive Landscape

Crystallex International Competes in the Metals & Mining industry, precious metals mining & processing is the primary area. Demand is driven by industrial demand and economic growth, both domestic and foreign. Individual company profitability depends on volume and operating efficiency. Large companies can afford to discover and develop new deposits and increase reserves. Small companies typically own one or more small mines, limit exploration to one property at a time, operating it as efficiently as possible. Metal ore mining is capital-intensive: annual revenue per employee is about US$300,000.