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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: Will Gold prices give us support going forward?

Will Gold prices give us support going forward?

posted on Mar 13, 2008 05:15AM
We just may get some support on our side with gold today as it appears to be testing $1000. (futures actually touched it, but have not broken it) The $1000 market in all probablitiy will be a tough breakthough as it may trigger some sell programs, but should we break through I hear we are moving up and relatively fast. Let's all remember that the Las Cristinas deposit is massive and while cost have also increased, the price of Gold should be lending a higher value to our SP; we just need confidence that the VZ officials will finally issue the permit and when that happens look out. In the mean time we will continue to see much of the same and hopefully we are in the early stages of a trend reversal. Let's see what today delivers given the futures are under some pressure as I currently post.
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