Thoughts on Markets

Thursday, March 30, 2006

Gold Above $585!

From a low yesterday of $565.30 yesterday morning, Gold has hit as high as $585.60 today and is now at $585.30 on a very strong move up some $12+ for the day. This is a very rapid move upward establishing a new high for 25 or more years. It is a further confirmation of the bullish trend.

The mining stocks: BGO 4.62; CEF 8.03; DROOY 1.54; GLD 58.13; HMY 16.32; IAG 8.58; MFN 8.15; MNG 3.55; NEM 53.79; NTO 4.66; PAAS 26.96; PDG 22.04; RNO 1.95; SSRI 21.66. virtually all are on the move with some up substantially.

Best to Each, Doug

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