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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, Friday, TGIF

Today's Trading, Friday, TGIF

posted on Aug 07, 2009 12:34PM

On NYSE - Nearly half of the trading day gone and KRY sp seeing more pain. Bearing bad techs is tough... Daily Stoch and Mac very Bearish, but OBV showing some support. Maybe cost averagers or something happening this weekend?

Dow running hard again and staying in Bull mode. Banks took a breather yesterday to let people in, and are now back to Bullishness. Most of Market is in Bull mode on the jobs numbers. But, is a lower rate of joblessness good for 100+ on the Dow? May let up as the trading day ends as the overbuying is too prevalent. Energy seeing some cost averaging. Still a lot of good plays that have not yet participated, or got hit by their earnings. Choose wisely.

Gold initially looked like it would stay in synch with the Market in pre-market trading, then took a pretty good hit at market open from the Bears and has been riding just above $965.

Furlough Friday for me. Hope everyone's week has been good and your weekend's go as planned. Hot August Nights is one of the biggest gatherings of old cars. One day in Reno is not enough.

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