Yet another story to read....

link: http://www.beaconequity.com/stock-al...

Stock Alerts on Market Movers: STSI, KRY, CROX, AA, TSM, LMDIA for May 05

Crystallex International Corp. (AMEX: KRY) Trade Alert - Mining Group Working with Rusoro Mining in Efforts to Reach Agreements with KRY, Reporter Says

Crystallex International Corp. (KRY) shares surged 9.30% this morning, trading at 36 cents. Together with its subsidiaries, Crystallex engages in the exploration, development, mining, production and processing of gold in Venezuela.

Crystallex owns interests in the Las Cristinas project comprising proven and probable reserves of approximately 16.86 million ounces of gold, located in Sifontes Municipality in Bolivar State, Venezuela. It also has interests in Tomi operations, the Lo Increible properties and the Revemin mill located in Bolivar State, Venezuela.

According to a report by El Diario de Guayana’s Isidro Casanova, a mining group in the south of Bolivar State has been working with Rusoro Mining in efforts to reach agreements with Crystallex International (formally the operator of the Las Cristinas project) and the Venezuelan Guayana Corp. (CVG) which originally awarded the operating contract to Crystallex.

“Local communities are in anticipation of an early resolution to a long-standing impasse on mining in the region that will mean employment for thousands of unemployed gold miners who are otherwise forced to engaged in illegal mining operations to be able to feed themselves and their families,” the report says.

Crystallex was founded in 1984 and is headquartered in Toronto, Canada.

In its recent chart, KRY’s MACD reflects a strong bullish signal, with the indicator above the 9-day moving average signal line, and also above the 0 level, indicating that moving averages are trending higher. With share prices currently above the stock’s 13-day moving average, a bullish trend is indicated. Also, a rising moving average signals that there has been buying interest in this stock. Trading above its upper Bollinger Band, the stock reflects an overextended condition relative to its recent price action and is due for either a pause or retracement.