The Dow bounced back today, up 73 points. Advance/declines were negative and the volume was good. The overall market was weaker than the Dow and that isn't a positive going forward. Also the Monday following option expiration is usually the opposite of the Friday action, for whatever reasons. This happens more often than not. So tomorrows price movement is very important for the near term direction of the market. Gold lost a buck today but was lower most of the day. The XAU dropped 1/4. ABX, GG and NEM were mixed with slight moves after being down early. The volume was very light. The dollar was higher today. My ABX calls are break-even at the moment. They were showing a loss early. Tomorrow will be key here as well. If we see some gains for the gold shares, then this trade has a chance of working out. If we're lower this trade probably isn't going to work. Earnings are out next Wednesday, which seems like an eternity today. I'll have to mull things over tonight. Mentally I'm feeling good, slept well. I'm not a believer in the market rise today but I hope that I'm wrong, only because I have the ABX trade going. The weekly gold share charts don't look positive unless we turn around here. The daily charts look better for the bullish cause. But the market will go where it wants. Certainly we're overdue for some downside. Tomorrow is important, short term. We'll see what happens.