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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: Friday Market

Friday Market

posted on Aug 28, 2009 11:53AM

On NYSE - KRY sp seeing a kinda-sorta support at 0.2100. Techs show 15min Bearish but bottoming and trying to turn, 60min same as 15min, and Daily Bearish so might still be too early to get in. All of the posts about no permit implies that this is no longer a mining play - but becomes a lotto ticket play because of the Ven administration. Have to agree with CJR (as a significant holder in the BCF) that there comes a time when the addage of, "No News is Good News," no longer applies - and is especially true with stocks.

Dow down a bit at this time as yesterday's major comeback has the Bulls a bit tired. Energy down, Banks down (except specs BAC and C), Copper and Gold miners up, Restaurants up, RecessProofers down, and rest of Market mixed.

Gold touched $960 at open of NYMEX, and did not get hammered at open of the Market like the previous couple of days. Hmmmm...

Hope everyone's Friday is good and weekend goes well... Hang in there.

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Aug 28, 2009 12:26PM
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