The Dow gained 56 points today on light volume. Advance/declines were positive. The question is whether Fridays negative action was simply option related or not. The summation index continues higher. I'm inclined to think that we will slowly move upwards or create a trading range before heading lower later in the summer or at the beginning of autumn. But that's a guess. Gold lost $6 today and the XAU fell a couple of points. ABX off 1/2, GG fell 3/8 and NEM lost 7/8. All were lower earlier. Volume was better than it has been. Oversold on the gold shares and I placed an order for some ABX August calls. I'll be leaving it in overnight. Not exactly sure this is the most prudent thing to do but the Gold/XAU ratio is in the buy zone and the shares are oversold technically. So if there was a time to try the calls, now is it. We'll see what happens. The dollar didn't do much today. Mentally I'm feeling OK. We'll have to see if the market can regain its footing this week after last Fridays debacle. It is summer and as I've said before things can slow down. I'm willing to give the gold shares a try here because the earnings will be out next week as well. But they could sell off on good news too. There are never any easy trades in the game. Not a lot of data out this week, mostly housing numbers and I can't expect them to be anything bullish. So we'll see.