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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 Trading - Fridaaaay

Today's Trading - Fridaaaay

posted on Feb 20, 2009 06:02AM


On NYSE: KRY flat on volume of about 212k in first hour and half. Daily Stoch has crossed in Bearishness and MACD is converging, so looks like things may be topping. However, OBV still in slight uptrend, so someone continues to accumulate. 60min techs in total Bearishness. Options expiring may still affect sp, so beware.

Gold took off this morning at 6am eastern, topping out above $995+ at about 9am. Seems to be continued panic over the economy (worldwide) and folks are runnin' to gold.

Dow is down currently around 100 points and will continue to be painful for a while. Showing some signs of bottom from Stochastic turning and now converging. OBV in downtrend. Pain will go on for a while more. Hoping 7k will be the new 8k popper. S&P (IMO a better indicator of the overall Market) in the same boat as the Dow. Some of the downtrend and volatility is explained by options expiration. And BofA's CEO being looked into. :-(

GRZ up near 8% as is RMLFF up 6%. GRZ sp has been nearly cut in half of what it attained during the offer. Likely continued bargain hunters getting in on the gold move. Both have very low volume.

Lots of opportunity out there, but need to be careful of what you choose. Hope everyone has a good day and upcoming weekend.




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