It was another reversal day but this time to the upside as the Dow was off 150 points early, turned around and ended the day up 32. Advance/declines were just about even and the volume was good. We got oversold and have bounced. I don't think that it's anything more than that. The employment report was weak as expected and I guess we got some short covering after the initial sell off. Perhaps we will set up for the next leg down next week. But who knows? Volatility has returned. Gold opened much higher and closed little changed. Oversold and staying there. The XAU had a fractional gain. ABX, GG and NEM were up a touch or unchanged on heavy volume. The first GG calls are in the red and the second are unchanged. I still think it's a buying opportunity for the gold shares here. That said, in this kind of market I'd be happy with break even at this point. Oil is still falling and the dollar continues higher. So the fundamental picture for gold remains negative at the moment. GE was up a bit on average volume. Mentally I'm doing OK. Not exactly sure where we go from here but the downside seems to be the path of least resistance. But we could be setting up for a nice rally in the second half of this month. We'll see. There were not any buyers for anything until today and my guess was that it was only short covering. But I could be wrong. It's time for the weekend, a check of the charts and a break.