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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

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Message: Re: Today's Trading - Update2
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May 04, 2009 05:54AM
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May 04, 2009 05:58AM
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May 04, 2009 06:15AM
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May 04, 2009 07:57AM

On NYSE: Into last hour of trading and KRY sp holding around 0.3500 since 1130 this morning and now being hit with daytrader profit taking. Daytraders usually get out at about now and again around a quarter to Market close. Today's big move was foretold by the Ascending Triangle, and boy was it a move.

Dow is still very strong, currently up 180'ish, and has made a new high-high today. Recession proof type stocks suffering as there is more faith in the Market and possibly the banks as they are up significantly.

Gold fading to $900'ish. Still many out there who do not believe in the Market. Plus, GLD chart (pretty much follows gold price) shows an up sp, but OBV is not supportive. May be money being rotated from gold and into the Market.


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