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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: Market Friday

Market Friday

posted on Oct 02, 2009 12:48PM

On NYSE - KRY sp broke down through 0.2400 support, of this week, today. May not be a big deal. Volume currently about 154k. Daily Technicals still cycling down and the 15min and 60min are not looking very good. Gapped down to open.

Dow currently at 9500'ish with a rebounding after the bad jobs numbers this morning. Seems summer help might be getting let go, which may happen moreso next month. Market is mixed and S&P (better overall Market indicator) is actually down a touch more percentage-wise. Obama pleads for Chicago as Olympics host, and Chicago is eliminated. Rio got it. California may overhaul their tax system that could attract businesses? Wow! Oil is down but COP is up big after Ven buys out COP's share in the Deltana Platform. Double Wow!

Gold riding 1k overnight and then getting pounded down to near $985 at Market open before the gold Bulls (likely led by our resident favorite Furry Cat Bull) took over and brought gold back up above $1005'ish, currently settling around $1002'ish.

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