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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

On Pinks - CRYXF opened down, and the 0.118 support bid of yesterday is back, but at about half the volume of now about 100k at this time. Will the PP close?... Support bid would indicate someone thinks so. Technicals since the PP announcement indicate distribution, with OBV and RSI in slight downtrend. Stoch and Mac Bearish. SP well below 200DayMA, so no technical supports left. Mental supports might be at a dime and then a nickel, but thinking a dime should be it. Could be a decent trade for a near double when PP closes.

Market is still driven by the Eurozone. They will likely come out tomorrow (Friday) with some plan. Short term it will boost Market. Uncle Ben and Tiny Tim will be at the side of Euroland leaders touting all is well, so we should see a decent Market run through the end of year, with a hiccup around mid-month when options expire. Long term Euroland is toast. Recent giddyness over the unemployment numbers being better.... Well... Might be the holiday season helping, but not feeling these "good" unemployment numbers and jobless claims are believable. Especially when unemployment percent goes down when people give up on looking.

Gold and Silver may be just another set of slot machines in this playground of gambling. Silver chart broke a while back and trying to get back in the saddle. Gold chart ok, but not being the Bull in the China store it once was.

Be careful out there.

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