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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: Today's Trading

Today's Trading

posted on Jul 20, 2009 10:18AM

On NYSE: KRY sp still hanging strong. Technicals indicating possible upcoming pain. Daily Stoch and Mac have peaked and turned. OBV, in negative range, is somewhat supportive (kinda-sorta), although no where near as supportive as Friday. MA50 has been trending down and now about two-thirds of a penny higher than sp. Usually one would like to see sp run up to overtake any MA, but guess we should take whatever we can get. Techs can sometimes show that something is happening, but News is the mover for this stock.

Dow is up and trying for six days up in a row. Currently at 8800'ish and looking like another Mutual Fund Monday. The JPM report of last week has given confidence to the Market. S&P touched 949'ish and trying to make a new high for the year, but has not as yet (need to go above 956). S&P is a better indicator for the overall Market. Most of the market is up, including the gold miners. However, the recession proofers are down. Seems confusing, but what else is new...

Gold running up since midnight with a big bump about 90 minutes after open of London. Currently close to $955. CNBC saying that breaking past $966 may make for a run up even higher, possibly beyond 1k. Could happen... Could happen...

CJR - Thanks for the "Weekend Update." Seems the party starts here Fridays after hours. Will need to check in more often after hours and weekends. Hope everyone has recovered from their party weekend and is having a great Monday.

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