We got a bounce today as the Dow gained 103 points on light volume. Advance/declines were over 3 to 1 positive. We were up around 175 at one juncture during the day. So I was a day early on the OEX calls and it cost me. That's the nature of the game when there isn't a lot of time left on the options. As usual, timing is everything. The market action wasn't too positive towards the close. I do now have an open order in for some September OEX puts. Not sure when and if it will be filled. There is the summer slow volume problem to deal with. We'll see. Gold was up a couple of bucks today and the XAU gained 2 3/8. ABX and NEM both gained 2/3. GG was up 3/8. Volume light again. We are overbought on the gold shares but the charts are heading higher. I'm not sure about making a trade here but you never know. We are in the seasonal strong period for gold. The Gold/XAU ratio signal is off for now. The dollar fell a bit today. It's possible that the recent strength in gold is due to the market selling off or the potential for the market to sell off in the future. That's a guess as usual. Mentally I'm feeling a bit tired, did not sleep enough. So we will have to see if there is any follow through to the upside tomorrow. Some data out on Thursday but that is about it. 3 days left in the August option cycle. We'll see what tomorrow brings.