Link to older links

Ok then… try this (hope i got your request right):

REVISED

<?php
    get_header();
    query_posts( array(
          'posts_per_page' => 5,
          'paged' => ( get_query_var('paged') ? get_query_var('paged') : 1 ),
     ));

    // The Loop
    if (have_posts()){

        while (have_posts()){

            //Iterate the cursor on the next post
            the_post();

            echo "<a class="more-link" href="";
            the_permalink();
            echo ""><h1>";
            the_title();
            echo "</h1></a>";

            echo "<div class="meta">";
            the_date();
            echo "&nbsp;&nbsp;|&nbsp;&nbsp;";
            comments_number();
            echo "</div>";

            echo "<a class="more-link" href="";
            the_permalink();
            echo "">";
            the_post_thumbnail();
            echo "</a>";

            the_excerpt();
            echo "<a class="more-link" href="";
            the_permalink();
            echo "">Continue reading</a>";

            echo "<hr>";
        }
    }
    ?>
    <div class="navigation">
      <div class="alignleft"><?php previous_posts_link('&laquo; Previous') ?></div>
      <div class="alignright"><?php next_posts_link('More &raquo;') ?></div>
    </div>
    <?php get_footer(); ?>

.

Hope this helps,
Cheers, Sagive.