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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 Market

Today's Market

posted on Sep 02, 2009 11:17AM

On NYSE - KRY sp still running 20-21. Touched 19 late yesterday. Daily technicals showing continued Bearishness. 15min and 60 min currently indicate some buying. However, if buying, scaling in is suggested. Volume has been significant over the last five days, better than about 700k, and topping 1M yesterday. Feeling like a sell-off, possibly by one of the left-over Big Guys. But, for every seller there is a buyer...

Dow trying to come back after some continuance of yesterday's sell-off. Techs have turned and in the Bearish portion of the cycle. How long the cycle goes this time is yet to be seen. Still losing jobs, more foreclosures/REO's to be put on the housing market, folks cutting back more on personal expenses. Diversification helps peace of mind in this volatile Market. Banks mixed, Energy sees Oil and Solar rebounding with NatGas gassing off. RecessProofers mostly up. Hmmmmmm...

Gold popping big time at NYMEX open and again right now as the Big Guys head out to lunch. Maybe divergence is happening.

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Sep 02, 2009 11:31AM
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