Thoughts on Markets

Friday, May 19, 2006

The Correction to almost $650!

For 24 hours now gold has moved from $691.20 down to almost $650 twice ($561.10 and $652+). That is real scary, but $650 may hold.

I still see this as a cautious buying time. Look carefully. I just bought more QEE @ $0.36. I favor the very low priced stocks which should give the most bang for the buck with the resumption of the gold bull after this correction. I may just begin some more trading in stocks like this.

Good hunting and the best to each, Doug

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