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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 Market, TGIF

Today's Market, TGIF

posted on Aug 14, 2009 11:08AM

On NYSE - KRY sp touching on 0.2300 from Market CPI news being flat. Not sure how it would have anything to do with a spec stock,.... Daily Techs seeing Stoch crossed to bullishness but converging back early, Mac going from converging to now diverging, and OBV flat after showing some support the last couple of days. Down cycle ending indications may have been a head fake. Volume currently a touch over 127.5k.

Dow currently getting a 125 point haircut from CPI being flat. However, the down cycle technicals is hard to reverse on a dime. Was looking to be a short down cycle but profit taking continues. Most all of the Market is down a couple of percent. Recess Proofers mixed and PVH up big on JPM upgrade so sometimes being diversified will lessen the overall pain. Most of energy down despite oil being up ever so slightly.

Gold saw ever so slight pressure downward overnight from HK open which went away at close of HK, then more down pressure at open of NYMEX. Overall pretty much unchanged from yesterday and currently running slightly above $950'ish. Gold Miners hit like the rest of the Market. May be a chance to pick a miner (non-spec) and enjoy the ride up as gold has recently been seeing a slow and steady rise.

Furlough Friday for me. Still checking on a place in the Valley. Off to breakfast. Maybe I'll have pizza instead of the typical breakfast. Hope everyone's day goes well and the weekend is a good one. Hang in there.

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