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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 Oct 27, 2009 12:00PM

On NYSE - KRY sp seeing 0.2350 for a little bit in early trading. may or may not mean anything. Volume active for lunchtime with about 550k at this time. Technicals see 15min trying hard to be Bullish, 60min also trying. Daily OBV shows an ever so slight up-angle since about Sept24, which was about when sp generally started channeling between 24-25. Could mean sneaky accumulation over the last month. Level II reveals 125k'ish at 0.2500 on the Ask side.

Dow is in a Bullish mode at this time. Daily still bearish, so may be still some downside although the Bulls are out in force today. Tech generally down, while Banks and RecessProofers generally up. Might be a bit of a DCB today, so be choosey in establishing a position for the next cycle upswing.

Gold at $1040 and was fairly steady overnight. At 10am someone sold off to drop the price of gold below $1035 for a little bit, but it has recovered. GLD, which pretty much tracks the price of gold, showing Bearish Daily techs with OBV supportive. Also, the last recent high was a lower-high and more recently a lower-low was made, so be aware.

Lots of activity on the Board with Rumors flying, and some high sticking putting one temporarily in the penalty box. Hang in there...

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Oct 27, 2009 01:23PM
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