KRY / CRYXF - A whole lotta shares moved on both TSX and OTC just before close yesterday. Appearing to be lots of excitement over something happening. If you know of something, even if a rumor, please feel free to share on the hub. SP has moved quite a bit, but there is no real confirmation from other technicals except the Stochastic going skyward. Mac and OBV are flat considering the sp move. MA 50 and 200 continue to downtrend while 14 has flattening, so could be a green shoot. False Alarm? Maybe. Could just be, what appears as, a recycled PR that is circulating.
S&P and Dow set to open Lower from early morning extended trading. Might get a bit ugly beginning Friday, from what the charts are saying. Also, Options expiring this week with the usual tons falling out of the money. Overnight, Asia mixed and Europe dumped. China has unrest and riots in numerous cities, crazy inflation now, impending drought, and by fall there will be grain rationing. Likely will eventually affect the US. Recent talk about the Dollar going away – Well, look for the Euro to dissolve within two-three years with all of the shenanigans going on over there. Middle East still has tensions and riots in many countries of the area. Saudis supplying more oil, but of the high-sulfur content type. Don't expect big savings at the pump anytime soon. Be careful as this Market is dangerous, much more-so than previously. Not much at all is working and suggest tight stop-loss orders in place, then re-evaluate if kicked out.
Gold Silver Copper – Overnight, Gold trended fairly flat and now showing some life. Some are saying we may get a small rally of the miners, with some juniors, around the middle of July. Depending on choices made, could make for a decent trade or two. GLD good until about $2k, and SLV good until about $55-60 at this time. Just wait for pullbacks / dips to get in.