It was an incredible day as the central banks around the world issued a joint statement that basically said we will flood the world with money. Perhaps that will solve the European debt crisis is what I think they were thinking. The Dow soared 490 points on heavy volume. The advance/declines were about 7 to 1 positive. Todays action might turn the summation index back to the upside. It's still a headline driven affair here for the stock indices but after today the trend has turned back to positive until further notice. You cannot argue with price and volume. GE rose almost a buck on good volume. We are back to the 50 day moving average line on the daily charts. The GE calls I own are now in the black. I plan on holding them until next year, so there is still along time left in this trade I believe. Gold rallied on the liquidity news as the US dollar fell. The yellow metal was up over $30 on the futures. The XAU climbed almost 13 1/2. ABX up 2 7/8, GG rose 4 and NEM gained 3 1/2. Volume picked up here as well. I again placed an overnight order in for some ABX calls but wasn't filled. I would still like to buy some gold share calls, even with todays huge upside. Resistance for ABX and GG is at $55. Once we get through that level, there is nothing to stop those issues from moving higher. Any type of pullback can be bought in my opinion. The problem being that there may not be any downside going forward. We may just rally straight up. I will be keeping an eye on these issues and will buy the calls on any weakness. We have already gapped up twice on the gold shares this week, so they are very strong. Hopefully one of those gaps will be filled. Mentally I'm feeling a bit frustrated by not owning any gold share calls at the moment. But who was to know what would transpire today? Why would the central banks choose today as the day to announce the liquidity flush? There was a valid Gold/XAU signal Monday morning but we opened at a gap up and I don't like to chase trades. Obviously should have in this instance. But hindsight is always correct and that doesn't plan the next trade. We'll watch Europe rally overnight and see what happens tomorrow. Beginning of the month of December. Will the employment report on Friday even matter?