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Thursday, December 23, 2010

The Dow ended the shortened trading week with a gain of 14 points on very light volume. Advance/declines were slightly negative The overall market was weaker than the Dow. As has been the case, we're still overbought. GE was flat on light volume. My January calls lost a touch. Gold fell $6 and the US dollar was weaker as well. The XAU rose 2 points however. ABX was up 3/8, GG was flat and NEM gained 3/4. Volume was light. I do want to purchase some gold share calls next week. I'm looking at GG this time. That is the idea at the moment. Mentally I'm doing OK, slept well. It should be another slow week ahead, with the end of the year upon us. Time to clear the ledgers and get ready for 2011. It's time for a nice long weekend. Happy Holidays everyone!

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