Thoughts on Markets

Tuesday, February 07, 2006

Gold Corrected Early Today

Getting this out to let you know that gold dropped as low a 555, and continues to bounce around that price. It is now 555.70. DROOY has traded as low as 1.55, so far. I bought more at 1.57.

We needed a correction after the rapid run up in the price of gold. Where will the correction end? I don't know; however, I do not expect to see 550, but it has gotten close. I could be wrong on this. We will wait and see.

Best to each, Doug

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