More Recovery, Re: Gold Down, Market Down

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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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jcwillis

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More Recovery, Re: Gold Down, Market Down

in response to

Some Recovery, Re: Gold Down, Market Down

jcwillis

posted on Jan 15, 2009 09:50AM

Dow up 75 now. Gold continues spike up. Uunfortunately, when the Dow and gold move together it can be an indication that something is still not right.

There were signs of KRY sp benefitting from this for a very short while there. MA50 is 0.1783 and is following sp down. Sounds bad, but makes for an easier recovery to the MA50.

Could be the Dow 8k bounce that was touched at about 1230. Might be good for an up day on the Dow at close.

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