May 30, 2006

Gold Update

I am still holding 1/2 Gold stock positions that I purchased (what seems like ages ago), during the recent correction. Luckily, I was watching CNBC's Bob Pisani at the actual bottom moment - when he declared that the pro's were dumping . The stocks I purchased are up 10-15 percent in that timeframe. What a putz. I am sending him a thank-you as we speak.

Gold has been surging again today as well as oil. The world does not trust Bush and his administration. They have been voting with their gold and oil purchases. It is nothing personal for me. His Paulson offer today will do nothing to abate traders in these markets from changing their strategies.

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