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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

On NYSE - KRY sp taking a hit again, down about 4.5%. Another impatient speculator (about 200k) bites the dust about 15min after Market open. Sitting on the lower BB at this time and just above the MA200. Volume action, just under 400k at this time, is much better as compared to yesterday. Still in the Bearish part of this cycle. A consolation is that KRY sp appears to be somewhat moving with the Market, which might be considered a good thing.

S&P500 getting a haircut. Awaiting the Fed for more economic handouts. Market, and there is always a leak, seems to think that whatever has been decided is not good. Supposed to happen around 2pm eastern today. Daily Technicals still strongly Bullish, but may be finally turning. News can do that to the Market. A small pool of green in the RecessProofers while everything else is pretty much red. Telcos that pay decent yields are holding Ok. About five red for every green, according to CNBC. In the Dow, only P&G is green. May be an overall down week. Watch for the DCB before the week is out.

Gold down with the Market. GLD gapped down. Bounced down off of MA50, while other technicals appear to be peaked. As noted before, OBV is Bearish. Overnight, pog was somewhat stabile around $1200 - then Sydney closed. Sell off until Market open where it is trying to stay above $1190. Currently running at $1195'ish.

Hope everyone's week has been good.

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Aug 10, 2010 12:20PM
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Aug 10, 2010 02:19PM
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