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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, TGIF

Today's Trading - Fridaaaay, TGIF

posted on May 22, 2009 06:32AM

Happy end of the week to all...

On NYSE: KRY sp hanging tough on this down cycle. Bottoming of cycle is getting close, but still a bit more of pain to go. Might not be so bad as support still happening at 0.3000 and well above MA50 shows promise. Volume just over 175k with lot more trading day left. News, news, news... All we need is news...

Dow up a touch. Banks (biggest ones) mixed, recession proofers mixed. Daily techs are all Bear claws. Yesterday made a lower-low, unless it is considered a continuance of the previous downtrend. With the recent higher-high, and lower-low, it seems the market is unsure. Wow! The techs are actually saying something we already know ;-)

Gold started running up overnight just after London open. Miners benefitting big time across the board. Looks like bets being placed on a dollar crash. May be just a part of the cycle in this uptrend for gold.

Lots of opportunity out there in the Market. Just be careful.



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