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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 Jan 08, 2010 11:44AM

On NYSE - KRY sp gapped down at open and seems to have recovered and now at 0.3612. Volume about 623k. Daily technicals have topped and appear to be flattening, but slightly down, but could turn back. The 15min and 60min technicals looking Bullish, so there may be a strong finish today. 65k block at 0.3649-0.3650 and another 50k at 0.3700, at least of what we are allowed to see.

S&P down a touch at this time, trying to figure out the Jobs Numbers. Russell 2k down even less, showing that spec folks are out there and trolling. First full week of trading ends but actually counted as the second. Next week sees Options expire (seems only those selling you Options consistently make money). Most of Market is down a touch at this time. However, Market continues to make higher-highs and higher-lows. May be a decent day to establish a position, so choose wisely and stay diversified.

Gold was in an ever so slight downtrend overnight and then opened on NYMEX with a pretty good, 15 buck, up-move. Settled back to running between $1125-1130 at this time.

As a member of the Crystallex Papparazi, I happen to own and use Olympus Cameras.

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