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Monday, August 01, 2005

The Dow lost 17 points today on light volume. Advance/declines were positive though. The Naz and the S&P were both higher. Leaning towards higher prices with this kind of action. Gold tacked on another couple of bucks but the XAU did not budge. It's been like that for days. Volume was light again as there seems to be no interest in the gold shares. GE was weaker again. I'm still on the sidelines and will be for the near term. Still waiting for a good signal from somewhere. Mentally just not there yet and that has to change.

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