Wednesday Market

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

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jcwillis

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Wednesday Market

posted on Jun 01, 2011 09:29AM

On AMEX - SP still easing downward slowly and riding that lower BB. Other technicals see OBV flat, MA's all in downtrend, Stoch had some Bullishness until yesterday, Mac flat, RSI flat and has been approaching oversold for a while.

S&P and Dow set to open lower. Jobs situation was not good and stats are catching up to reality. Still seeing lots of commercial property, along with plenty of housing, available. Oil and Gas looking to be down at open.

Gold, Silver, Copper - Gold up while other two are down at this time. Overnight, sold off in Sydney and Hong Kong then gained $5 after Hong Kong closed. GLD technicals showing topping and touching of the upper BB, making for a lower high in the cycle.