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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: gap up monday? analysis 101

gap up monday? analysis 101

posted on Jul 20, 2008 10:00AM

since my "score" on agoracom is dropping like a stone (i suspect shenanigans) i better get away from emotional posts and do what i know...analysis...

assuming the headlines from vheadline/newprensa are correct (i'd like to read it somewhere else but) chavez will soon be visiting an area he last described as "disgraceful" for the state of the local economy and activity of the government...there is some distance between "el calleo" and "ciudad bolivar" but who's splitting hairs..

he will be announcing 15 new projects that ensure "sustainability" for the local economy and social welfare...

he will be delivering payments to miners who were kicked out to begin the LC/LB projects.....six years ago...he will have to be prepared to address when these projects will start..if i waited 6 years to get a check i'd be asking whats going on...

the government has recently stated that "gold mining is better left to "transnationals" because of the risk and capital needed....

minamb minister said "no" to kry (and open pit mining)..next thing you know....she's vanished...

summary: based on current events both in/out country in relation to kry/ven the cjr bluecollar mutual fund comes to the folloing conclusion........

an investment in kry right now over the next few weeks has:

a 80% chance of a 1000% upside

a 20% chance of a 50% downside...

it would'nt suprise me for kry to close over a buck on monday with no further news than we have now....imo

p.s. please vote 5stars for cjr...he needs a suit...chicks dig suits...





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