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

Free
Message: Today's Market

Today's Market

posted on Jan 12, 2010 03:20PM

On NYSE - KRY sp still hanging in there with about three-quarters of an hour to go. Daily technicals actually not look all that bad considering that OBV is flat. 60min Bearish but 15min is trying to come around, so may get a decent finish. GW's brave, brave call so early on yesterday was spot on - until two minutes after close. I still say GW got it right, and that two minutes after is just that, after hours. For today, I call 0.3456 (easy to type that) with a bump by SCC to 0.3500 within 30 seconds of close. Out on a limb here, especially about predicting when SCC steps in...

S&P does not like that AA missed. Pretty much a sea of red out there except for a few of the RecessionProofers. JPM reports at the end of the week and it is rumored to contain pretty good guidance. Options ending this week and those that sell you those options keep raking it in. May be a decent chance to establish a position, but stay diversified and be aware of sector rotations.

Gold touched on $1125 just before closing NYMEX. Ouch! Ouch! Ouch!

Share
New Message
Please login to post a reply