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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: Wednesday Trading

Wednesday Trading

posted on May 13, 2009 09:21AM

On NYSE: KRY sp currently down three pennies on very low volume of 170k. However daily OBV is supporting in follow up to yesterday's support, with Stoch and Mac showing all Bear Claws. Since the run-up of two Mondays ago, the techs formed one of those equalateral triagle sort of shapes that could be construed as speculators not quite sure of what direction to take (no surprise there) from whatever news that did not come out over that big Monday move. The Daily lows and highs formed a tighter and tighter range each day, until today where sp broke a bit lower. Could be an indication, ...or maybe not. Still above MA50, which is a good thing. News - which should be coming any time - will drive sp, nothing more.

Dow is getting hammered, down about 190'ish. Too many offerings by the banks and everybody's cousin. Was time for a little rest by buyers anyway. Daily techs show Stoch and Mac Bearish, but OBV giving support for last four days straight. Hmmm...

Gold is golden, with an overnight uptrend hitting $930 just a bit ago, right about when the Big Guys go to lunch (look for confirmation when they get back in a few minutes). GLD, which trends gold quite well, has made a new higher-high and indicating the overall uptrend will continue. Currently gold price a bit above $925'ish.



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May 13, 2009 09:26AM
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May 13, 2009 09:33AM
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May 13, 2009 10:20AM
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May 13, 2009 11:22AM
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