Today's Market, TGIF

Welcome to the Crystallex HUB on AGORACOM

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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jcwillis

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Today's Market, TGIF

posted on Sep 18, 2009 10:42AM

On NYSE - KRY sp hanging in there. Daily Technicals indicate continued interest. 15min and 60min have peaked and gone Bearish a this time with plenty of trading day left. The technicals of KRY are not running like the other gold miners, which may - or may not - mean anything. Kinda-sorta forming an increasing wedge since the beginning of the month.

Dow continues Bullishness. Technicals indicate peaking, but we have seen this before from this energizer bunny. S&P is very close to 20 percent above MA200, so a correction could be coming in the near future. But, for today it is Bullishness. Currently the Market is mixed and showing some profit taking, Oil Down, NatGas up, Miners down, Banks mixed nd NASDAQ down.

Gold getting a bit of a shaving at this time. Over night, after open of London it was looking like gold might take another run at a higher-high but got knocked down from a bit above $1015 to below $1010. Currently appears to be coming back at a little above $1010.