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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 16, 2009 10:46AM

On NYSE - KRY sp hanging on to two-bits, plus a penny at times. Daily Technicals indicate Bullishness is getting tired. However, 15min and 60min are showing some support to start the trading day. Volume about 710k at this time.

Dow is the little Energizer Bunny that keeps going and going. Daily techs are converging but just do not want to cross. 15min and 60min are somewhat Bearish at this time, but that may be a lull before another run. GE has been a bright spot. Gotta luv those GE commercials. Market is somewhat mixed and in a kinda-sorta holding pattern with Bulls resting. Mutual Funds need to keep up with each other, so the buying may continue for quite some time.

Gold, overnight, got a bit of a pump-up after close of Sydney, then knocked on $1020 at close of HK, and again when Market opened this morning. Running at a touch above $1015 at this time. GLD chart shows peaking and converging with very strong OBV support. Running with the market at this time. One of these Energizers have to run out of juice sooner or later. Posted a couple of articles in OT on each point of view being a Gold Bull or Gold Bear.

Coming to you from Beautiful Monterey (actually Marina Dunes) peninsula area. Little trip down the Cali Coast on the way to Los Angeles.

Hope everyone's week is going well. Hang in there.

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