It was pretty much a sideways day as the Dow lost 17 points on average volume. Advance/declines were positive. It looks like we are waiting on the Fed tomorrow. Summation index still heading lower. Technically we're still a bit oversold on a short term basis but I believe anything can happen here. The internals are the opposite of yesterday, with the overall market stronger than the Dow. So we'll see what the Fed says and how the market reacts. Gold had a stellar day and broke out to a new high, up $30. The XAU rose 10 points. ABX, GG and NEM were all up over 2 1/2 on heavy volume. All of a sudden the gold shares are looking better. A nice move higher on expanding volume and that is bullish. My GG calls are now firmly into the black. The dollar was higher today and it didn't matter to gold. We're not overbought on the gold shares yet but now the problem is just how long do I hold onto these calls. We've still got 2 1/2 weeks on the options. Looks like I'll be holding on to the calls through the earnings announcement tomorrow after the close. Mentally I'm doing OK, could have slept more. I still think that the market is in a precarious position here. And that will affect what happens in the gold shares. However todays action points to higher prices near term. I also can make a case for a much higher target for the gold shares here that would turn my trading year around. But that's a stretch. None the less, it is a possibility.