It was a lackluster Monday as the Dow gained 27 points on holiday light volume. Advance/declines were about even. We're overbought here and I would expect some downside this week. There's not a lot of data out this week. And it's a short week. I probably should not even have an open position but what can you do? Gold was up 3 bucks and it really should have been more considering the events of the weekend. That's not a bullish sign. The XAU fell 3/4. ABX, GG and NEM had fractional moves one way or the other on very light volume. My ABX calls are still in the black but if we don't see some upside movement, the time premium will start to get sucked out of them. Plus if we start to get a drop in the overall market as I suspect, the gold shares will follow. So perhaps I won't be holding this position into the new year. We'll see. Mentally I'm feeling OK. I'm a bit tired, did not sleep well. So it's a short holiday week and you can't put much stock into what movement there is. Everyone is gearing up for the beginning of the year. My thinking was that there would be some who would want to position themselves in gold ahead of time but it doesn't look like it today. So I'll ponder things overnight and go from there.