We got somewhat of a bounce today as the Dow gained 57 points. Advance/declines were positive and the volume was average. We gapped higher at the open and were up 170 points early. Gave it all back and then some but rallied into the close. So the volatility remains. I'm still considering the July OEX puts if we get some upside. But things remain uncertain. We're still oversold and haven't relieved that condition. So we'll see what happens. Not a lot of data out this week and it is summer. Gold dropped around $15 today and the XAU fell 1 1/3. ABX GG and NEM all had fractional losses on summertime average volume. GG led the way. I still have the August ABX call order in but we are right at the multi week uptrend line and if that is broken I may have to cancel. We are oversold on the gold shares though and the Gold/XAU ratio is in the buy zone. However the dollar was weaker today as well and that may mean that the flight to safety trade is being unwound. That's a guess as usual. Mentally I'm feeling OK after the long holiday weekend. 8 days remain in the July option cycle. Nothing imminent on the radar at the moment. It won't hurt to be patient here either. So I'll stay on the sidelines and see what the market brings.