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September 5, 2006

The Crystallex Redemption, Tuesday, September 5, 2006, 2:13 PM

Recently I felt like a child banging his shoe on the table to get people to listen up about the Crystallex (KRY) goings-on in Venezuela. Those who listened are smiling today.

The story today is not just Crystallex (+15.8 pct at 2:14). There has also been a solid move in Gold Reserve (GRZ), which is up over +9.0 pct today. Gold Reserve is also waiting for permits.

The market is nervous, thinking that these permits may have been issued. Crystallex has not issued a news release, which means they have not yet heard anything factual.

But I'm glad the stock has taken on a life!


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Posted by Posted by Bill Cara on September 5, 2006 02:13:49 PM | Category: Goldminer Producers

Discourse

Your shoe missed the table and landed on my head, as a novice trying ever so hard to be disciplined, moved off of my 20 % allocation cause the scream was so hard, only cause your right much more than your wrong, thanks again.

Posted by: tgifbipo [TypeKey Profile Page] at September 5, 2006 2:26 PM [link]

Bill, Thank you,
Yes I took your advice,
Yes I am smiling.
Thanks for pointing this one out.

...david...

Posted by: ...david.... [TypeKey Profile Page] at September 5, 2006 2:26 PM [link]

Bill, thank you.
When you were banging your shoes, I heard it loud and clear.
So I bought, and bought some more on retreat.
Today, I am banging my drums and smiling all the way to the bank.

--ken

Posted by: Ken [TypeKey Profile Page] at September 5, 2006 2:33 PM [link]

I'm in too and (fortunately) doubled my position last week when it dropped a few cents. Wish I had trippled it!

Thanks

Mike

Posted by: Mike [TypeKey Profile Page] at September 5, 2006 2:49 PM [link]

Very unusual post holiday market today, gold up and silver down.

Posted by: karzy [TypeKey Profile Page] at September 5, 2006 2:54 PM [link]

Bill,

You certainly called this one - glad the bottom was in at 2.50, certainly felt like catching a knife at the time!

Any thoughts on this unusual volume? Looks like it's going to hit 9 million shares today -

Posted by: dave [TypeKey Profile Page] at September 5, 2006 2:57 PM [link]

Bill called this one near a bottom. The high trading volume is very bullish that the envirnmental permit has been issued.

Posted by: rick s [TypeKey Profile Page] at September 5, 2006 4:16 PM [link]

Rob McEwen has a big position in mneaf.ob that
has mines coming online in Argentina. You might
want to take a look.

Posted by: DollarBill [TypeKey Profile Page] at September 5, 2006 4:26 PM [link]

Posted by: oratier [TypeKey Profile Page] at September 5, 2006 9:10 PM [link]

http://www.investertech.com/tkchart/tkchart.asp?stkname=kry&cht=Tech+Chart&px=3&wt=60

It's interesting to see other independent thinkers out there not afraid to go for the speculative plays.

KRY= RSI 7=79, 14=78.7, 21=76.8

Posted by: oratier [TypeKey Profile Page] at September 5, 2006 9:15 PM [link]

Re. The high trading volume is very bullish that the envirnmental permit has been issued."

Wouldn't it be illegal to trade based on insider knowledge of this? Any lawyers around?

Posted by: SiO2 [TypeKey Profile Page] at September 5, 2006 9:36 PM [link]

DOn't have insider info, but I do have common sense (arguably) and seeing a 4X spike in trading volume and a 20% spike in pps with no news indicates to me that something is going on. Either the permit is near and has been leaked, or this is a bizarre and unlikely pps manipulation.

Researching Las Cristinas, the potential of this site is incredible: gold reserves are huge and easy to mine, the mine is close proximity to both a labor pool and to roads and energy prices are unbelieably cheap. If not for the political perception of Chavez (justified or not), I think Kry would be worth at least $5-6 pre-permit.

Posted by: rick s [TypeKey Profile Page] at September 6, 2006 1:30 AM [link]

Any lawyers around ?
Illegal or not its done all the time, its a wicked wicked world.

Posted by: tgifbipo [TypeKey Profile Page] at September 6, 2006 7:48 AM [link]

Posted by: oratier [TypeKey Profile Page] at September 6, 2006 8:20 AM [link]

Hi Bill

I am not GOD but GOD (TSx-venture- Goldrush Resources)looks like a good bet.

Posted by: GOD [TypeKey Profile Page] at September 11, 2006 1:41 PM [link]