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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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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

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Message: Friday Market, TGIF

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Friday Market, TGIF

posted on Oct 09, 09 01:06PM

On NYSE - KRY sp hanging aound two-bits, as for the last few. Large bid block of 500k+, so likely to stay above this support today. Daily techs see Stoch and Mac ever so slightly going Bearish and OBV flat, flat, flat.

Dow currently up about 40. Yesterday saw it beat 9635, but still needs to stay above 9430 in the down part of the cycle to confirm reversal of the reversal. Stoch is stoked, Mac has converged, and OBV is flat, so twoof three are Bullish. Banks all pretty much green while miners all pretty much red. rest of market mixed. Still plenty of trading day left.

Gold seeing some profit taking. Since last night's open of Globex gold price was knocked down until London open where price recovered to touch on $1050. However, with close of London the support is now gone, price currently above $1045'ish and trying to rebound for a strong Friday close.

On manipulation of sp, please note that NYSE/AMEX uses a Specialist sytem - and not a Market Maker (MM) system. TSX uses a semi-MM system. The two systems, Specialist or MM, seem similar - but are very different. NASDAQ uses MM's. My opinion is that it would be somewhat difficult for the Specialist to manipulate a NYSE/AMEX stock. If sp is being manipulated it would more likely be a buyer/seller with a huge block.

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