It was a good week for the bulls as we had another up day on Friday. The Dow closed higher by 59 points on summer light volume. Advance/declines were 3 to 1 positive. My order for the OEX puts was filled. It's already in the red as the timing was a bit early. However light volume rallies are not to be trusted, so we'll see how it goes. We are at the resistance level that I had in mind , so some type of pullback is expected in my estimation. But I could be wrong. Perhaps we'll just continue higher for option expiration week. The stop loss order is in. Gold had a good day, up $14. The XAU rose 4 1/4. ABX and GG were up a buck and NEM tacked on 1 1/2. The volume was light however and these issues were higher earlier. I still may try the August ABX calls before the earnings announcement at the end of this month. I'll have to ponder this over the weekend. The dollar was up a touch today and hasn't been moving much in the past few days. Mentally I'm feeling OK. So we're a bit overbought now and the Dow is at its down trend line from the beginning of May. Grounds for a pullback in my opinion. But anything can and will happen. The summation index has turned around and is moving to the upside. So there are some crosscurrents out there. I don't see any major events moving gold one way or the other in the near term as well. We could enter the summer doldrums period, which would not help the OEX put trade. Volatility has disappeared this week as well. So we'll see what happens over the weekend and take it from there. It's summertime, Friday afternoon and time for a rest.