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Monday, July 25, 2005

The Dow lost 54 points today on light volume. Advance/declines were negative. End of month this week. No imminent trades seen for the OEX. Gold was up fractionally but the XAU lost a point. Again, volume was light. ABX hardly moved but NEM was down some. Don't know what to do there so sidelines for now. Really would like to get long though because $420 on gold has held once again. But there was an extra week on this option cycle so it's like this week is just the start. I'll try and be patient. Perhaps we will enter a period of summer doldrums in which case, sitting out is the best course of action. We'll see.

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