The Dow lost 250 points on a weak jobs report. Volume was average and the advance/declines were 3 to 1 negative. It wasn't a blow out decline and I think we might just grind our way down to retest the lows of last month. That's a guess as always. We didn't close on the lows and actually tried to rally a couple of times. It wasn't a waterfall decline. The technicals have rolled over on a daily basis. Gold gained another $5 and the XAU lost a 1/4. ABX and NEM were up fractionally on good volume. The dollar was weaker, the US economy looks like it's going down the tubes and Osama released another tape. It can't get any better for gold at the moment. I am looking at perhaps getting some puts on strength early next week. We are overbought and have been. A pullback is in order. I still like gold longer term but nothing just goes straight up. A pullback will offer an opportunity to get long again in my opinion. But I could be wrong. GE was down 60 cents on good volume. If it gets back to the weekly trend line that would be the spot to buy some calls. That's the theory at the moment. Always subject to change. Mentally I'm a bit tired with not a good nights sleep. There are 2 weeks left for September options. As always there will be chances to make money. There's also a Fed meeting thrown in there. The summation index is still pointing higher I believe even with todays action. So there's a lot to consider going forward. For now it's the weekend and time for a break...