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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: Tuesday Trading

Tuesday Trading

posted on Jun 30, 2009 12:00PM

On NYSE: KRY sp maintaining 0.2200-0.2300 on 93k volume at the noon hour. Might be the end of the quarter pop that is sometimes pulled to make the Q numbers look better. The Stoch turned and Mac is converging to Bull mode. However, be forwarned that the OBV is not showing support. Pretty much boils down to still waiting for news...

Dow candlesticks currently doing that "dark cloud" thing. Not a good thing. However, Daily OBV shows there is buying support. Most all of Market is down. Big downer to not get the end of the quarter pop, but that might all be built in at this time. Consumer confidence numbers down and has shaken the Market. Home price declines are less but not enough to trump the bad consumer numbers (although good for me as I am considering property in Reseda - San Fernando Valley area. I'd become a Valley Dude).

Gold dumped pretty hard at just after Market open, then moreso beginning at 10'ish. Hitting almost $920 and currently recovered to the $925'ish area.

It's been a long wait and appears to likely be ending soon (at least a decision). Hang in there.

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