The market is on a tear. I mean just an incredible breakout rally. Dow up over 175 points. Heavy volume and 3 to 1 advance/declines again. My thoughts are that there will be no stopping it. The GE calls I own have more than doubled. And they're for January. I suppose I should have been paying more attention but I don't know. Sometimes you're just in a fog I guess. Of course I wish I had some more of those calls but at least I have some. Gold was up around 5 bucks today. The ABX puts I own are now break-even. ABX and NEM were both up on good volume but the action wasn't all it should be in my opinion. The XAU was up 2 1/2 points also. Gold could break out here also. I most likely should have sold the puts when I had a chance. The dollar was down a little today. Tomorrows employment report will be the key for this ABX trade. If the dollar rallies, gold should fall and the puts will be worth something. It's a guess as to what will happen. Pfizer went down big today on some false rumor. I put in an order for the December calls again. I'll try it again for a few days. Anything in the Dow will probably work at this point. Hindsight is everything. One thing about rallies like this. You can throw the technicals out the window. I have been waiting for some type of pullback since we are overbought and it is just not going to happen. You gotta just jump on board. At any rate, we'll see what the dollar and gold do tomorrow and take it from there.
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