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Friday, December 26, 2008

Another holiday light volume snooze fest as the Dow tacked on 47 points. Advance/declines were 2 to 1 positive. Not much to make of todays movement. Gold was up over $20 and the XAU gained 5 1/3. ABX, GG and NEM were all higher by around 1 1/2. Volume light here as well but the gold shares had more interest than anything else. Geo-political tension between India and Pakistan could be the reason. GE was down a bit on weak volume as well. My calls lost more ground as time decay takes hold. In retrospect, I should have let this week pass before making the trade. Mentally I'm just taking it easy. Perhaps things will get a bit more interesting next week.

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