Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Today's Market

On NYSE - KRY sp taking another hit along with the Market, currently at 0.3772. Many times a good portion of a stock's move is along with the overall Market move, then the sector, then the stock. So, moving with the Market may not be a bad thing. Of course, news on the stock trumps all. Volume above 310k, Daily OBV up despite downside of sp, Stoch and Mac still bearish and look to be so for at least a few days to a week, or longer. Lower BB is 0.3738, with sp being very close - so looking to hold there.

S&P500 feeling more pain. Saw this coming for a while with the peaking, then Bullishness, then the peaking, etc. Obama talk before noon kept this up, which may have caused a DCB. Maybe it was a pump and dump? Sea of red. Ouch. No - Double Ouch. But, there are still many good plays out there not deserving of the Market downside. Diversification and high yielders (note NLY today) will help.

Gold spiked above $1205 yesterday, after Market close. Looks like profit taking overnight until close of Hong Kong, then up-up-and-away back to above $1205 until moments ago when someone decided to dump a ton (or two) as price is in a nose dive and right around $1995 and trying to hang in there, possibly on more housing bailout by Obama, or possibly on euro markets closing down, or probably on something (news) they heard, which always trumps. Maybe more Pump and dump...

Share
New Message
Please login to post a reply