Crystallex International

Welcome to the Crystallex HUB on AGORACOM "Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

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And here we sit

over 13 years ago

Greetings Jim,

Gold closed sharply higher today, breaking out to a new all-time high for the secular bull market. Technical indicators are bullish overall on the daily chart, strongly supporting a continuation of the rally.

The Gold Currency Index (GCI) closed sharply higher as well, moving up toward its recent all-time high. Although the GCI is lagging gold slightly in terms of price action, technical indicators are bullish overall on the daily chart, confirming the underlying strength of the advance.

With respect to cycle analysis, today’s strong move higher indicates that the current short-term cycle has moved into the beta phase and reconfirms the extreme right translation exhibited by the last two cycles.

As expected, the latest Intermediate-Term Cycle Low (ITCL) in late January has been followed by a strong move higher during the past 5 weeks.

A weekly close at current levels or higher on Friday would constitute a long-term breakout, reconfirming the secular bull market and forecasting additional gains during the next 2 to 3 months.

Best,

Erik McCurdy
Prometheus Market Insight