Thoughts on Markets

Monday, May 15, 2006

The Correction, The Correction!

Well, the first "real" correction seems to be here. For 24 hours gold hit a high of $720 at 10:39 last night (NY) and a low of $685.10 this morning at 10:11 about fifteen minutes ago. It is now $690.10.

I put in a limit order for QEE at $0.42 about 10 minutes ago. It has yet to execute. QEE traded for $0.44 on the last trade, so I may have missed it.

This the time to pick a few more buys at lower prices for the time being. At least that is what I am doing.

Best to each, Doug

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