Although we opened higher, we were lower for much of the day but made a comeback in the last 2 hours and closed on the high of the day. The Dow gained 85 points on light volume. The advance/declines were positive. Now Italy is the problem as the focus remains in Europe. It's a different country every day it seems like now. I think we could head higher off of todays close. We're not at high overbought levels on the technicals for the stock indices. Of course we are one bad headline from Europe away from a decline as well. It's a tricky trading environment. GE was flat on light volume. The technicals here mirror the overall market as well. No trades in the pipeline for GE right now. Gold had a good day on the European worries, up $35 on the futures and a bit more in the aftermarket. The XAU gained 6 1/3. ABX rose 1 3/8, GG up almost 2 and NEM broke out to new highs with a gain of 2 3/4. Volume was OK for the gold shares but I would have liked to see more. Very overbought here now. My ABX calls continue to gain ground but I can't hold on to them forever. ABX was the laggard today and that isn't a good sign. I might just bail out tomorrow. We'll see. Mentally I'm feeling OK, slept well. We're still being held hostage by Europe. It's the ongoing saga and there is no end in sight. Not a lot of economic data out this week. It will probably be a headline driven affair for the stock indices this week. Gold had a good day despite the US dollar being higher for much of the day. I'm not sure gold can just continue up in a straight line as we are approaching $1800. I will have to ponder what to do with the ABX calls tonight as I have held them for almost 3 weeks and they are considerably overbought. However NEM, which is usually the gold share leader, has just broken out to new highs. Is it possible that GG and ABX could follow? The weekly charts still point to higher prices. Tough call but I don't want to get too greedy and I don't want to miss out on the gains. The game is never easy.