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Thursday, May 04, 2006

A quick post because I'm running late. The Dow was up 38 points on average volume. Advance/declines were positive. Gold was up $8. The XAU was up around 4 points. ABX had great earnings and was up over $2. My ABX puts got killed. Could be a total loss. NEM didn't move and in retrospect I should have gotten them instead. Then, it would have worked. Gold is parabolic. I should have just stayed out. I am a fool for trying what I did. I do think a huge downdraft will come. Timing it is another question. Do not try to short things in a raging bull market. At least learn that lesson. No more time today, more tomorrow...

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