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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 Dec 04, 2009 11:43AM

On NYSE - KRY sp showed a down day yesterday but only because of the paint by Senor Cuatro Ciento on Wed. Otherwise, would be running fairly steady at about 0.4000 for the week. Volume currently just above 475k and there seems to be decent support at 0.3800. Daily technicals see Mac and Stoch appearing to be leaning Bearish, but might very wel be considered as undecided - OBV supportive so someone is paying up. 15min and 60min are trying to bottom and turn.

S&P500 is is up showing that the overall Market is on an upper. Still losing jobs but at a reduced rate. Seems only NatGas and the Miners are down in a sea of green. Speaking of the high-seas, the Ocean Shippers are also down. And, RecessProofers are up... Hmmmm. Stay alert and remain diversified as today's upper may wear off.

Gold getting hammered at Market open. $1170'ish at this moment. Gapped down at open and selling off in a big way. May be considered an opportunity to find a gold mining stock (KRY more of a lotto ticket at this time) to latch on to, or better yet GLD, and take the ride up when it continues. Technically, gold had to rest and see some sort of pull-back as the move over the last month has been nothing but up, up, up. A pull-back is normal and necessary and is sort of the reverse of a DCB.

Call the Close - Have to try it now as will not be around this afternoon (well, after lunch as I am on the West Coast).... . . . So, the neighbor is mowing the lawn,... Fry's ad has a decent sale,... CJR trying to catch up to the pink drunk after close,... SCC still posing as GW,... am feeling a belch coming on,... the Chicken Bonz speak... 0.4000 paint by SCC after a "real" close of 0.3915. Everyone have a good after-hours Friday and a great weekend.

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Dec 04, 2009 11:58AM
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