It was a one day reversal to the upside in most indices except the Dow. We lost 6 points on average volume. Advance/declines were negative. We were down over 200 and then made a comeback in the last hour on some mortgage news. Probably short covering as there are no compelling reasons to own stocks at the moment. But you have to respect the market action. We'll see if there is any follow through tomorrow. Gold was up $5 and the XAU inched ahead by 3/4. ABX, GG and NEM were all up fractionally on lighter volume than yesterday. My ABX calls are slightly under water as gold hovers around the $950 mark. Running out of time for the options with only 5 days left. Might just have to dump them at a loss and go from there. The earnings for ABX don't come out until next Friday which is the last day in this option cycle. I'll have to mull things over tonight. Mentally I'm OK. Volatility has returned to the market. It keeps the option premiums up but it also makes it tougher to play the game. We'll have to see how things play out ahead of the long weekend We should see some follow through to the upside tomorrow. If not then who knows?