Powering higher as the Dow gained 101 points on good volume. Advance/declines were over 2 to 1 positive. A melt up? Who knows but you just can't short it here, can you? The summation index still has a bit of room to move to the upside after checking things yesterday. Overbought and staying there. It seems like the market will move higher regardless of the news. I'm still going to try the OEX puts at some point before expiration. Might wait until next week though. Gold was up $7 and the XAU rose 7 points. Finally gold and the gold shares are moving together. ABX, GG and NEM were all up about 1 1/2. The volume wasn't anything to write home about though. We are overbought here as well. But it looks like we are breaking out here on the XAU. GG earnings tomorrow morning and the calls are back where I bought them. The prudent thing would be to sell on any up move, if there is one, in the morning. The dollar was weaker today and that helped gold. Mentally I'm doing OK. What to do with the GG trade is the question. I'm considering myself lucky that it has any life left at all. The stochastic is at the top of the channel and that is the signal to get out really. We'll have to see how it opens tomorrow. However gold has broken its down trend line and the XAU has broken through resistance. It's never easy.