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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 Apr 16, 2010 10:03AM

On NYSE - KRY sp continues to hang in there. After the opening of the month with some excitement, seems 0.39-0.40 is where sp has settled. Daily technicals taking a breather with Daily OBV showing some profit taking this week. Since share price has not totally fallen off of the table, it seems someone is picking up shares. News?, News?, News?...

S&P500 showing some profit taking going on to start Today's Trading Friday. Might be a good opportunity to find a good trade because Monday could be a "Mutual Fundie Monday" stoked by those missing out on all of the numbers being easily being beat year-over-year, and those "johnny-come-lately's" will possibly want in after hearing the word over the weekend. Going out on a limb and predicting a possible turnaround just before lunch today (about 1130am eastern). If not, it could get really ugly. Banks leading the selling off, which appears to be more of a profit taking, in a sea of red. Pick and choose wisely. Decent yielders may be a way to play it safe if you are more of the type to buy and hold.

Gold also dumping to open the trading session. Running with the stock market still seems confusing. All the miners getting hit at this time.

Hope everyone's week has been good and their weekend goes well...

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Apr 16, 2010 10:59AM
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Apr 16, 2010 11:40AM
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