Dow up 12 points today. Advance/declines over 2 to 1 positive and the volume was good. Maybe a short term bottom is in. Tomorrow will tell the story. Gold was down a couple bucks today. However the XAU was up over a point. Leading gold higher tomorrow as it has in the recent past? NEM was only up 15 cents today which was disappointing. My options are still showing a profit but I didn't like today's action. But I was waiting all week for the GDP report and that will come tomorrow. The dollar was a little higher today. My ideal scenario is the dollar falling tomorrow and a good gold rally that hopefully pulls along the gold stocks with it. Who knows? The opposite could happen and then I would say the dollar weakness has come to an end for the longer term. It is right at the downtrend line that has been effective for a couple of years. We'll see what happens.
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